Through a direct connection between the NYCE and UnionPay networks, the reciprocal agreement will enable participating NYCE ATM cardholders to conduct ATM withdrawals and balance inquiries in China. In addition, more than 2.6 billion UnionPay cards will have access to the more than 360,000 NYCE network ATMs. NYCE and UnionPay will work together to create future opportunities for extended payment services for their respective cardholders.

As an independent, unaffiliated PIN-based debit network, NYCE provides consumers with secure, real-time access to funds through its extensive ATM network and wide acceptance at POS locations throughout the U.S. NYCE delivers its clients real-time fraud monitoring and management, text and mobile banking applications, Internet debit and person-to-person (P2P) payment capabilities.

"UnionPay attaches high value to giving UnionPay cards as many access points to their funds as possible. By enhancing the cooperation with its partners, UnionPay is focusing on building broader acceptance in the U.S.," said Jianbo Cai, First EVP of China UnionPay. "Now more and more ATMs in the U.S. will accept UnionPay cards at key locations that are enabled via the NYCE Payments Network. This new cooperation between UnionPay and NYCE can serve both UnionPay and NYCE cardholders more effectively. We also believe that UnionPay and NYCE will have greater win-win opportunities in the future."

"We are pleased with the benefits that this cooperative arrangement between UnionPay and NYCE brings to our clients," said Neil Marcous, president, NYCE Payments Network. "Providing convenient cash access in China to cardholders of NYCE's 3,000 financial institutions and NYCE ATM access to UnionPay's substantial card base furthers the NYCE strategy of expansion across the globe."