- First Data Corp. has won its first big outsourcing contract in China, agreeing to manage the bankcard system of China Everbright Bank. The Denver provider of electronic commerce-and-payment services will supply the Chinese bank with a software platform and other back-end services to process credit card and debit-card transactions. China Everbright Bank has issued more than 10 million debit cards and is planning to launch its first credit cards later this year.
- Chinese are expected to send up to 200 billion text messages this year. China could wind up accounting for roughly half all short message services SMS globally. Last...