Tencent to cooperate with American Express for online payments
REUTERS/Bobby Yip China's largest Internet company Tencent Holdings Ltd plans to cooperate with American Express Co to provide cross-border online payments, a source said in Wednesday, as the country's electronic commerce sector grows rapidly.
American Express Co., the largest credit-card issuer by spending, is facing an enforcement action by the Federal Deposit Insurance Corp. and possibly the Consumer Financial Protection Bureau over late fees the company charged some charge-card customers, American Express said Friday in a regulatory filing.