TSYS has announced that China UnionPay Data Services Co., Ltd. (CUP Data), TSYS’ joint venture with China UnionPay (CUP), has signed five new long-term bankcard processing agreements, and won several major domestic and international awards during the last six months.

The new agreements include credit card processing contracts with Yaodu Credit Cooperative; Shandong Provincial City Commercial Banks Alliance, an alliance of 14 city commercial banks; Yunan Rural Credit Union and Guangxi Beibu Gulf Bank. The new agreements also include a prepaid processing contract with KargoCard, a Malaysia-based retail marketing company that will be introducing innovative stored-value and reloadable gift card programs to retail brands and merchants in Asia.

In February of this year, three systems owned by CUP Data were all recognized as “Most Excellent Software Products” by the Shanghai Software Industry Association. Systems mentioned in the awards included CUP Data Issuing System Software V1.0, CUP Front-end Interface System V1.0 and the CUP Data Customer Services System V1.0. In May, the debit card project CUP Data implemented for Citibank won “Best Retail Payment Project Award 2009″ from Asian Banker for its outstanding integration of the bank’s debit card technology infrastructure with the processing system of CUP Data.

“CUP Data has signed ninety-six percent of the banks in China that have outsourced the processing of their credit cards, including three of China’s largest banks, China Minsheng Bank, Industrial Bank of China, and China Postal Savings Bank,” said Gaylon Jowers, president of TSYS International. “CUP Data also processes for Bank of East Asia, the first foreign bank to issue credit cards in China.”