IT News — American Express has notified US authorities that some of its card holder information was likely compromised almost three years ago after an unauthorised person or group accessed one of its merchants’ systems. The breach took place on 7 December 2013, but Amex said it had only now become aware of the intrusion.
Ratan Tata and American Express yesterday announced strategic investments in US-based cryptocurrency startup Abra. This is a part of Abra’s US$14 million Series A round, led by Arbor Ventures, RRE Ventures, and First Round Capital. Although Ratan Tata is one of India’s most active angel investors, this is his first entrance into the world of bitcoin.
Tech in Asia — Apple Pay, Apple’s much-hyped cashless payment service, will be available in Singapore next year, according to a press release by credit card provider American Express. The company announced that consumers will be able to use Apple Pay with its products in Canada and Australia this year, and in Singapore, Spain, and Hong Kong in 2016. The service is currently only available in the US and the United Kingdom.