NYCE, a U.S.-based ATM/EFTPOS network owned by FIS, joins an expanding list of card networks reaching acceptance deals with China UnionPay.
Through a direct connection between the NYCE and UnionPay networks, the reciprocal agreement will enable participating NYCE ATM cardholders to conduct ATM withdrawals and balance inquiries in China. In addition, more than 2.6 billion UnionPay cards will have access to the more than 360,000 NYCE network ATMs. NYCE and UnionPay will work together to create future opportunities for extended payment services for their respective cardholders.
China UnionPay has continued to aggressively expand its global card acceptance through deals with domestic or regional networks. Just last week, Elavon signed a binding agreement with CUP to accept CUP cards at Elevon’s U.S. and Europe merchants.
Read original press release here: http://www.nyce.net/cmspub/groups/public/documents/document/mvp0_024935.pdf
