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
News
Square Launches Register App Platform
News
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
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
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
News
How to Overcome the 10 Most Common Cyber Threats
View All Articles ››