CUP Data, TSYS’ joint venture with China UnionPay(CUP) has signed a long-term credit card processing agreement with the Bank of East Asia (BEA). BEA is the first foreign bank to independently launch its own credit card program in China.

CUP Data was established in 2003, and has signed more than 61 credit, debit and prepaid processing client banks at year-end 2008. The company provides transaction processing, disaster recovery and other services for issuing banks in China.