UnionPay: Growth Opportunity for U.S. Merchants

Transcription

1 UnionPay: Growth Opportunity for U.S. Merchants 1

2 1 UnionPay Overview 2

3 UnionPay Established in 2002, headquartered in Shanghai, China A Global Payment Network 150 geographic markets accept UnionPay cards 40 markets issue UnionPay cards 3 Presentation Title Client Name XX Month Year 3

4 UnionPay Cards Issued Worldwide No. 1 in Global Cards in circulation at 5 billion worldwide No. 1 in Purchase Volume by UnionPay Debit No. 2 in Total Purchase Volume processed at $7.7 trillion USD. 4 Presentation Title Client Name XX Month Year 4

5 Products Features Debit Credit Dual Brand Card Number digits 16 digits Start with digits Pin Require 4-6 Digits Pin Not required Not required Signature Not required Signature based Signature based Logo UnionPay UnionPay UnionPay & other brand logo (VISA, MasterCard, etc.) Hologram No Hologram UnionPay Hologram (Temple of Heaven) Other brand hologram (VISA, MasterCard, etc.) Network Pulse or Elavon Discover or Elavon VISA, MasterCard, etc. (Not UnionPay transaction) 5 Presentation Title Client Name XX Month Year 5

6 UnionPay debit card Card number is from 16 to 19 digits. Expiration date and cardholder s Name DO NOT appear on some cards. UnionPay logo Most of UnionPay debit cards are PIN Debit Cards. However, some Debit Products allow PIN or Signature. UnionPay Pin Debit is only accepted at the card terminals with PIN Pad. No Spending limit for UnionPay Debit cards, as long as the funds are on the bank account. Hologram, Expiration date, Cardholder Name do not appear on some debit cards. UnionPay debit cards are accepted on PULSE and Elavon network in the US. 6 Presentation Title Client Name XX Month Year

7 UnionPay Credit Card Hologram Temple of Heaven Card Number starting with 62 for UnionPay UnionPay logo Cardholder s Name Expiration Date The Hologram Temple of Heaven can be on front or back of the card. UnionPay Credit Card number is embossed. UnionPay Credit Card number is 16 digits ONLY. UnionPay Credit Card must have name and expiration date on the card face. UnionPay Credit Cards are now accepted on Discover and Elavon network 7 Presentation Title Client Name XX Month Year 7

8 Dual Brand Card UnionPay logo + Other Brand logo (Visa, MasterCard, etc.) These dual brand credit cards are NOT processed as UnionPay cards in the United States. The transactions of dual brand credit cards in U.S. are processed through other network like Visa, MasterCard, etc., not through UnionPay. 8 Presentation Title Client Name XX Month Year 8

9 UnionPay Card Benefits for Cardholders No foreign transaction fee UnionPay doesn t charge foreign transaction fee for all credit and debit cards transactions. No limit for purchasing in USD China Government limits each person to buy USD up to $50,000 per year. However using UnionPay cards to make purchase in USD is not limited. Worldwide customer support UnionPay provides customer support worldwide by multiple language. 9 Presentation Title Client Name XX Month Year 9

10 2 Opportunities for Merchants 10 Presentation Title Client Name XX Month Year 10

11 Generate new revenue by accepting UnionPay cards Almost every Chinese tourist visiting the US carries UnionPay cards. New 10 Years Visa for Tourism and Business Travel started from Nov The number of tourists from China visited USA reached 2.2 million in 2014, and forecasts 3.6 million in 2017, 5.8 million in 2020*. In 2014, the average amount spent by a tourist from China was $10,864 per trip including Air Transportations*. UnionPay promotes partners and merchants through various marketing channels. * US Department of Commerce/International Trade Administration 11 Presentation Title Client Name XX Month Year 11

12 How UnionPay cards are accepted in the US UnionPay Credit Cards are processed through Discover network and Elavon network. UnionPay Debit Cards are processed through the Pulse (Discover s PIN Debit Network) or Elavon network to accept UnionPay debit cards (PIN- Debit). Credit Cards Debit Cards Credit & Debit Cards 12 Presentation Title Client Name XX Month Year 12

13 How to accept UnionPay cards 1. To accept UnionPay Credit Cards: If the merchant already accepts Discover cards, it should be able to accept UnionPay credit cards too. Consult with your Merchant Service Provider to confirm whether your store accepts Discover cards and UnionPay credit cards. 2. To accept UnionPay Debit Cards: If the merchant has PIN-pad and accepts PIN-debit cards, it should be able to accept UnionPay debit cards. If not, consult with your Merchant Service Provider for further necessary support. 13 Presentation Title Client Name XX Month Year 13

14 Place UnionPay signage UnionPay strongly recommends to place UnionPay signage at your store front, and/or register counter to welcome customers from China. UnionPay on-site acceptance training, complimentary decals, customized brochures and promotional items are available per your request. Store Front Windows Register 14 Presentation Title Client Name XX Month Year 14

15 Thank You Contact: Branden Zhou China UnionPay (USA) LLC Tel: Presentation Title Client Name XX Month Year 15