Yucheng Technologies has executed an agreement with China Construction Bank in Guangdong province to provide outsourced Point of Sale (POS) merchant acquiring services targeting merchants across the Guangdong province excluding the city of Shenzhen. This is Yucheng’s second acquiring partnership with banks following the deal with China Merchants Bank (CMB) in 2007 where it deployed 8,900 terminals in less than one year.

Yucheng’s POS merchant acquiring services for CCB Guangdong include merchant acquisition, deployment of POS terminals, installation and maintenance, transaction reporting, training and ongoing technical support. As part of the agreement, Yucheng will bear the initial cost of POS terminals deployed to merchants and also maintain them on an ongoing basis, while fees generated from transactions occurred through the installed POS terminals will be shared with CCB Guangdong. The POS terminals are designed to accept all major credit and debit cards in China, including China UnionPay, and all major foreign cards such as VISA, MasterCard and JCB.

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