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.

Also by This Author
What's Hot
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Bitcoin Platforms Being Reclassified As Money Transmitters
Apple Pay Tracker
Wireless Carriers Could Be Left Out Of NFC Payments
Apple Pay Tracker
What CurrentC Didn’t Say
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
WEX Comes Off Q3 With Strong Results
Transforming Payments from Cost Centers to Revenue Drivers
B2B Payments
U.S. Bank Tries To Streamline B2B Electronic Payments
CA Technologies
Online Transacting Is Safer Than A Card Present World
View All Articles ››