China UnionPay Co., Ltd. operates an inter-bank transaction settlement system through which the connection and switch between banking systems and the inter-bank, cross-region, and cross-border usages of bankcards issued by associate banks are realized. The company also offers terminal maintenance, card-issuing data processing, bankcards and terminals testing, Internet security certification, and bankcard points. In addition, it provides professional maintenance services to merchants and POS terminals, and data processing services to card-issuing organizations; issues local currency credit cards; and offers UnionPay cards for domestic cardholders in Hong Kong, Macau, and Singapore. China UnionPay Co., Ltd. was founded in 2002 and is based in Shanghai, China with branches in Guangzhou, Zhengzhou, Haikou, Ningbo, Chengdu, Guiyang, Xi'an, Shenzhen, Dalian, Qingdao, Kunming, Changsha, Shijiazhuang, Chongqing, Hefei, Nanchang, Changchun, Hohhot, Taiyuan, Lhasa, Nanning, Harbin, Lanzhou, Xining, Yinchuan, Urumqi, Jinan, Fuzhou, Xiamen, and Beijing, China.