WTO Verdict May Boost Business In China for U.S. Payment Card Firms

What's Next In Payments®
4:01 PM EDT July 16th, 2012

The World Trade Organization decided in favor of the United States in its suit against China over discriminatory payment card practices.

The Chinese government had required all yuan-denominated payment cards in China to work with the China UnionPay network, Reuters reports, limiting U.S. companies’ ability to compete. The report estimates the ruling could give U.S. payment card companies access to $1 trillion worth of transactions in China.

Read the full story here.

Comments
Also by This Author
What's Hot
Mobile Commerce
Blackberry’s Security Patents Attract Lenovo As A Potential Buyer
News
ABA Wants Team-Up To Tackle Security Issues With Retailers
Mobile Commerce
Square Swimming With Payments Sharks
Mobile Commerce
Is Webrooming The New Showrooming?
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
International iPhones Users May Have Found a Loophole to Apple Pay
B2B Payments
CabCharge Knocks Back Fleetcors Take-Over Attempt
Apple Pay Tracker
Apple Sold A Ton Of iPhones In Q3
B2B Payments
Boost Intercept Popularity Soars
View All Articles ››