UnionPay RMB Cap

According to the requirements of the State Administration of Foreign Exchange, a cap on annual cash withdrawal overseas (including Hong Kong, Macao and Taiwan, the same applies hereinafter) is newly imposed for UnionPay RMB cards issued in mainland China, in addition to the currently cap requirement of ten thousand RMB equivalent on cash withdrawal per card per day.

Diversus & XAC

Ontario-based Diversus Payment Solutions, a unique transaction solutions provider that delivers value-added, cost-effective payment solutions through best-of-breed partnerships, today announced that it has inked a distributor/software integrator agreement with XAC Automation Corporation of Taiwan to distribute XAC products in Canada and the USA.