Bank of America credit card issuers were forced to reduce the volume of China UnionPay Denmark Open Market

Loan-to-time by the financial crisis triggered by the tsunami has spread to the bank's credit card business. Economic recession brought about by rising unemployment, many people unable to pay the overdraft credit card debt, which makes the already tight budget, the banking industry had to reduce the amount of credit card issuers, cardholders can also reduce the overdraft limit. As the number of U.S. credit card breach of contract, credit card issuing institutions in the first half of this year have been forced to write-off of about 21,000,000,000 U.S. dollars of credit card bad debts. Currently, the credit card industry in the United States for breach of contract resulting from the loss of outstanding credit card debt accounted for 5.5% of the total, the proportion is expected to also likely to exceed the 2001 Internet bubble burst after 7.9 percent. U.S. credit card breach of the increase is due to intensify as the financial crisis and its impact on the real economy, rising unemployment, credit card holders to increase economic pressure. As a response, the U.S. credit card issuing institutions, such as American Express Company (American Express), Bank of America (Bank of America), Citibank (Citigroup), and even some retailers, have increased the application card. Banks also have to avoid debt payment record of the applicant's credit card, and reduces the user's existing overdraft limit. Although these measures are there to protect the banks, but to make cardholders spend money in a lingering fear, cautious spending their credit score lower, interest rates have been increased to repay the loan more difficult. In recent days, China UnionPay and the official opening of Denmark's PBS UnionPay card business in Denmark accepted the business to fill the UnionPay cards in the Nordic region accepted the regional gap. The opening of PBS's Bank of Denmark cards accepted more than 20,000 businesses, Denmark around the main business district, tourist attractions, hotels and other airport visitors to visit often. In recent years, Sino-Danish economic and trade exchanges between the two countries has been continuously strengthened, the Chinese official to visit Denmark, the number of tourists is increasing rapidly. Denmark's 2007 entry of citizens in mainland China more than 100,000 people. China UnionPay official said, China Union Pay Bank Card launched in Denmark accepted the business operations will help meet the UnionPay Card cardholders in Denmark with the payment card needs, will further promote the Sino-Danish bilateral personnel exchanges and Economic and trade exchanges. Cai Jianbo, executive vice president of Bank said it would expand the Bank's business card in Denmark accepted on the basis of business as soon as possible to open ATM accepted, and with PBS and other agencies to strengthen cooperation and further promote UnionPay cards in the other Nordic countries The admissibility of business