CUP dry for NAB

National Australia Bank won't earn any direct fee revenue from the bank's investment in enabling the “acquiring” of bank card transactions from holders of China Union Pay scheme cards. NAB first began to allow users of CUP cards to withdraw money from automatic teller machines two or so months ago. NAB is also progressively enabling the bank's 80,000 merchant customers in Australia to accept payment with CUP cards, as the merchant receives replacement Eftpos terminals.

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