FIS’ NYCE unit agrees deal with China UnionPay

FIS’ electronics
payments subsidiary, NYCE Payments, has signed an agreement with
China UnionPay (CUP) to allow cardholders reciprocal access to ATMs
across both networks.

The deal will enable
NYCE ATM cardholders to conduct ATM withdrawals and balance
inquiries in China. In addition, more than 2.6bn CUP cardholders
will have access to the more than 360,000 NYCE network
ATMs.

Jianbo Cai, China
UnionPay executive vice president, said: “UnionPay attaches high
value to giving UnionPay cards as many access points to their funds
as possible. By enhancing the cooperation with its partners,
UnionPay is focusing on building broader acceptance in the
US.”

Neil Marcous, president,
NYCE Payments Network said: “Providing convenient cash access in
China to cardholders of NYCE’s 3,000 financial institutions and
NYCE ATM access to UnionPay’s substantial card base furthers the
NYCE strategy of expansion across the globe.”

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