Liu Tinghuan chairman of China UnionPay holds up a China UnionPay bankcard and the tie he purchased with...
Liu Tinghuan (2nd R) chairman of China UnionPay holds up a China UnionPay bankcard and the tie he purchased with it at Macy's in New York, in this December 5, 2005 handout photo. Joining Tinghuan are; David Nelms, chairman and CEO of Discover Financial Services (C) Su Ning, Deputy Governor of the People's Bank of China, (R) and Wan Jianhua, president and CEO of China UnionPay (2nd L). The transaction marked the first-ever acceptance of a China UnionPay bankcard in the US on Discover's PULSE network. Beginning today, Chinese CUP cardholders will be able to use their cards on Discover's PULSE network while traveling in the US. REUTERS/Jim Sulley/Discover