Longtop Financial Technologies has announced its new E@able(TM) e-banking solution. Based on the Longtop Intelligence Development Platform (LIDP), the E@able product suite enables financial institutions to provide personalized online banking services to both individual and enterprise customers.

China Unionpay(CUP) reports that First National Bank has opened its CUP card merchant acceptance business in South Africa after the trial operation in April this year.

Visa is partnering with Chinatrust Commercial Bank in Taiwan and China Everbright Bank in China to launch a new online authentication tool which enables Visa cardholders to use a mobile-phone-based one-time password to authenticate themselves for online shopping.

The Bank of East Asia (China) has become the first locally-incorporated foreign bank in China to issue credit cards on the mainland with the launch of its core credit card portfolio, BEA China Unionpay Renminbi Credit Card. BEA China is also the first foreign bank in China to issue debit cards.

Motorola has announced that its mobile commerce solution M-Wallet has been launched in China market. The solution is deployed by Union Mobile Pay(UMPay), a joint venture between China Mobile Communications Corporation (CMCC) and China UnionPay.