The service has been rolled out through the International Card ABM Acquiring Service of Acxsys Corporation, whose shareholders are the architects of the Interac network, a Canada’s national debit network..
BMO Bank of Montreal vice-president of Payment Products David Heatherly said that this strategic initiative will help BMO build and sustain the strong banking relationships that bank continue to establish with newcomers to Canada, with the clients in China and with extended family of Diners Club Cardmembers worldwide.
As China’s national bankcard association, China Unionpay plays a pivotal role in China’s bankcard industry. Established in 2002, Unionpay is responsible for operating a unified inter-bank clearing and settlement system in China and developing the international acceptance network for Unionpay cards.
