Payments networks around the work are working closely to provide convenience to international travelers. The latest example is that NYCE has just announced an agreement with Korea Financial Telecommunications Clearings Institute (KFTC) to allow their cardholders to use each other’s ATM networks in the U.S. and S. Korea. According to the press release:
This milestone agreement is in alignment with NYCE’s overall strategic plan to further expand its international presence and provide financial institutions and their cardholders with additional options for real-time access to their funds through the NYCE Payments Network. NYCE also has a reciprocal agreement with the Armed Forces Financial Network (AFFN) for ATM and point-of-sale transactions, with locations at most major military locations in the U.S., overseas and many off-base/post locations.
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