The story
In 1997, UPC was established as a processing center providing processing services of debit and credit cards for banks. UPC was the first Ukrainian company that received the status of Member Service Provider Mastercard и Third Party Processor Visa, and processed first ATM transaction on Eurocard MasterCard on 23 April 1997 in 1997. UPC is a member of Ukrainian Interbank Payment Systems Member Association EMA. UPC's client base consists of largest Ukrainian banks and bank organizations which are issuers or acquirers of payment cards. In 2005, UPC became a part of Raiffeisen Bank International. In 2007, UPC started to provide services on the international market. Now UPC processes payment cards, provides ATM and POS acquiring services in Hungary, Albania and Kosovo, and supports electronic commerce in Croatia. Since 2011, UPC processes contactless payments for an Austrian acquiring company.
From Wikipedia’s article on Ukrainian Processing Center, shared under CC BY-SA 4.0.3