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VISA international card air jordans and the China Union Pay channels battle to upgrade. Reporter yesterday from the commercial bank has notified, VISA international organizations recently sent a letter to Yin Xing Quan Qiu member requests from August 1 onwards, outside mainland China who received dual currency symbol Dai VISA credit card, Bulun consumption or ATM cash withdrawal card, all CUP's settlement may not take the channel, or VISA acquiring banks will face severe punishment. CUP yesterday did not respond on this matter.This article was written by joy1709 on 2010-6-3 from us-trade company.
According to VISA's letter, if the acquiring bank to go into liquidation China Union Pay network, the first time, a fine of 50,000 U.S. dollars. If you receive single offense, a fine of 25,000 U.S. dollars a month. VISA reply, said yesterday, this is the strict implementation of VISA global business regulations. VISA explained that when the VISA card for cross-border transactions, such as other payment air jordan shoes transactions are network processing, in case of trade disputes or data leakage, will cause great risk to the cardholder.
Contact reporter yesterday CUP is concerned, did not respond, it may be said that there is no news.
This action on the VISA cardholders in China, that means starting from August this year to go shopping abroad can not travel as usual "with China Union Pay's access to pay", but must use the VISA settlement. Direct result of this is that the cardholder may pay 1-2% currency conversion fee. After spending the same time enjoy an interest-free repayment period if, cardholders will bear the risk of exchange rate movements, if U.S. dollar against RMB appreciation, the cardholder at the time of purchase of foreign exchange payments should bear the exchange loss. But if the interest-free period, the RMB against the U.S. dollar so the cardholder can also nike jordan shoes some benefit. Banks are reminded cardholders, 8 months later, such as travel abroad to bring a card with the VISA or MASTERCARD logo bank card.