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Payments, Banking Technologies, Capital Markets...
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| December 24, 2007 | in: Cards |
China UnionPay Data Services Co., Ltd., the TSYS’ joint venture with China UnionPay(CUP), has recently completed a bankcard conversion for Shanghai Pudong Development Bank (SPDB) by moving the bank’s card portfolio to its domestic data center in Shanghai. SPDB issued its first dual-currency credit card from an overseas data center in 2004.
In the Chinese bankcard industry, this event is the first successful conversion from an overseas data center; the first Chinese conversion from a mainframe to an open platform; and the first Chinese conversion of more than a million accounts, according to TSYS.
“It’s indeed another milestone event in CUP Data’s history. Within a compact timeframe, CUP Data has completed a first-class conversion from both a technology and an implementation perspective, with no impacts or interruptions,” said Mr. David E. Duncan, managing director of TSYS Asia-Pacific, based in Shanghai.