Mandates and payments roundup, July 12

Hong Kong Airlines selects AsiaPay for electronic payments, while eight Chinese banks sign a partnership agreement for payments in China.

Hong Kong Airlines implements payment solution from AsiaPay

Hong Kong Airlines has selected a payment solution from AsiaPay, an electronic payment solution, technology vendor and payment service provider, for its online booking system. The solution, called PayDollar, is AsiaPay’s multi-card, multi-channel, multi-currency and multi-lingual payment platform. It also includes an online fraud detection and prevention solution.

“We are expecting our new partnership to supplement our business development strategies and help to improve our customer experience,” said Andy Ma, deputy general manager of eCommerce at Hong Kong Airlines, in a statement. According to Ma, the solution from AsiaPay has helped the airline integrate and simplify payment processing and fund settlement across its operations in Asia. “It has considerably enhanced our operation efficiency and fraud management effectiveness,” he said.

Chinese banks partner with payment service provider

Eight Chinese banks have signed partnership agreements with 99Bill, an independent third-party payment service provider in China. The Agricultural Bank of China, Bank of Communications, China Construction Bank (CCB), China Merchants Bank, the Pudong Development Bank, China Minsheng Bank, the Guangdong Development Bank and the Shanghai Rural Commercial Bank will be able to conduct secure payment transactions with each other through 99Bill’s e-payment solutions.

“As commercial financial services become increasingly electronic, customised and integrated, both banking institutions and non-financial payment entities face not only challenges but opportunities,” said a spokesperson from CCB. “Partnership and development are the best way to move forward and in the future we will increase our support for basic payment services. Third-party payment companies like 99Bill are at the forefront of expanding demand and developing value-added services which will lay the ground work for giving banking services increased exposure to more industries.”

Johnson Electric selects risk management solution from Thomson Reuters

Johnson Electric, a Hong Kong-based micro motors, motion sub-systems, human machine interfaces and infrastructure control systems company, has implemented a risk and audit management solution from Thomson Reuters. Thomson Reuters Accelus, which was launched in April this year, will help Johnson Electric manage its internal audit, governance and risk functions.

“Managing risk in a company is no longer a concern limited to the financial services sector,” said Marc Adams, vice-president of market expansion in Asia for Thomson Reuters governance, risk and compliance, in a statement. “The rules of business have changed since the global financial crisis of the last decade. Every business in every industry needs to be aware of the ways risk and regulatory change can affect its strategies and opportunities.”

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