UnionPay will leverage the footprint and global capabilities of Fiserv to enable more businesses outside of Mainland China to accept UnionPay cards. Company officials stated that the partnership has enabled them to optimise online and in-store acceptance, accelerate business localisation, and improve planning for businesses around the world.
Going forward, the two companies will expand UnionPay virtual and physical card issuing globally and enable UnionPay acceptance via Carat from Fiserv. An integration with the Carat omnichannel commerce platform will streamline acceptance of UnionPay cards by enterprise businesses worldwide. Through an API, businesses using Carat can support settlement of UnionPay transactions, consolidate global reporting and reconciliation within a single merchant account, and deliver cost efficiencies via payments optimisation and chargeback management.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.