JCB and Nexi in partnership to increase security for international e-commerce spend

Rome & Tokyo, Jul 14, 2020 – (ACN Newswire) – Nexi and JCB have collaborated to reduce the stress of social distancing and travel restrictions caused by the recent healthcare emergency by making it easier for merchants to 'get close' to their customers – specifically Asian-Pacific buyers – by securely facilitating online payments.

J/Secure™ 2.0, which is JCB's payment authentication programme, will enable safe online shopping from a merchant's website, or mobile application and will be live for the first time in Europe. It will be available to JCB's 140+ million cardmembers, while they check out virtually from their favourite Italian brand.

Dirk Pinamonti, Head of ecommerce di Nexi comments, "Introducing J/Secure 2.0 to our platform is yet another step toward furthering our commitment to evolve security measures and further pave the way to enable more innovative measures with payment partners, with an international profile, in Italy. This hi-tech JCB technology will safeguard the global online shopping experience at such a critical time – when travelling into Italy and Europe to purchase luxury items may not otherwise be an option."

J/Secure 2.0 is compliant with the EMV® 3-D Secure Protocol and Core Functions Specification and protects cardmembers from identity deception. It will also act as a major gateway into Asia for high-value Italian merchants wanting to expand their customer base across geographical borders and to 'virtual' tourists.

Mr. Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd., adds, "The payment industry is fulfilling an increasingly important role in the economic development of an uncertain era, where diversifying the way in which we meet customer needs is essential. This partnership with Nexi has enabled JCB to use our advanced technologies to find an innovative way to open the door for the increased exchange of global e-commerce transactions between Europe and our 140+ million cardmembers. Though the SCA compliant deadline was postponed to June 2021 by EU authorities, the secured e-commerce is consumer demand and emerging in the current age. This initiative with NEXI, a European scale payment leader, can drive Asian consumer spending, including mobile payment, at Italian merchants, which will be followed by European merchants. We are proud to commence it together with NEXI, and overcome challenges under the recent severe situation."

About EMV®

EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo.

About NEXI

Nexi is the leading PayTech company in Italy, listed on MTA of Borsa Italiana. They operate in strong partnership with 150 partner banks. Nexi's integrated end-to-end omni-channel technology connects banks, merchants and consumers enabling digital payments. They help simplify payments for their clients and digitalise the Italian economy. Nexi operates in three market areas: Merchant Services & Solutions, Cards & Digital Payments and Digital Banking Solutions.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 34 million merchants and over a million cash advance locations in the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and Cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information: www.global.jcb/en/

Press Contacts:

JCB International/Europe
Contact: India Stone
Email: istone@jcbeurope.eu
Phone: +44 020 7087 4754

JCB (Head Office in Japan)
Contact: Kumiko Kida, Ayaka Nakajima
Email: jcb-pr@jcb.co.jp
Phone: +81 3 5778 8353

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

VIET CAPITAL BANK and 7-ELEVEN VIETNAM Launch JCB CARD

Ho Chi Minh and Tokyo, Jul 6, 2020 – (ACN Newswire) – Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), a major commercial bank in Vietnam, Seven System Viet Nam Jsc (7-Eleven Viet Nam), a worldwide convenient supermarket, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co.,Ltd., today announced the launch of Viet Capital Bank JCB 7-Eleven Credit Card.

Viet Capital Bank JCB 7-Eleven Credit Card

A great population of more than 90 million people, Vietnam is considered an attractive market for consumer goods. Vietnamese people likely change the habit in purchasing consumer goods, need to be convinced and purchase all the time 24/7. That's causing the rapidly opening of convenience store.

7-Eleven Vietnam is evaluated as a reputation convenience store, in which developing utilities especially in diversifying the payment, and increasing the loyalty of customer, the co-branded card is launched.

As Viet Capital Bank and 7-Eleven Vietnam exploring,
– 7-Eleven Vietnam expect to operate 1000 stores by 2027.
– This is the first co-branded card of convenience store in Viet Nam.
– With the first step of the campaign, Viet Capital Bank and 7-Eleven Vietnam will prioritize and specifically focus on those group customers are currently member of 7-Eleven Vietnam.

The cardholders can access the JCB acceptance network with about 34 million merchants around the world, special privileges at selected merchants, and customer service at JCB Plaza, an overseas service counter.

In addition, Viet Capital Bank and 7-Eleven offers a lot of benefits with cardholders.
1) Free lifetime annual fee for cardholder, grace period up to 55 days.
2) Loyalty program from 7-Eleven: 1 point for each 1,000 VND transaction amount in App 7REWARDS.
3) Loyalty program from Viet Capital Bank: 5 point for each 1,000 VND transaction amount.

About Viet Capital Bank

Viet Capital Commercial Joint Stock Bank was established in 1992. Over 27 years of operation, with many changes, up to now with the right business vision and strategy, Ban Viet Bank is gradually asserting its position on financial and banking market with the ability to flexibly meet the diverse needs of customers' products and services. The Bank has planned and implemented the Development Strategy for the period of 2016-2020 with the message "We started from YOU" to aim to become a modern, versatile, customer-oriented retail bank. especially individual customers and small and medium business customers.

About 7-Eleven Viet Nam

The first 7-Eleven store in Viet Nam opens in 2017, making Viet Nam the 19th country to host the world's largest convenience store chain.

Seven System Viet Nam (SSV) is the Master Franchisee of the 7-Eleven convenience store system in Viet Nam, based in Ho Chi Minh City. SSV is a group of dynamic professionals who relentlessly make great efforts every day to continue the success story of this iconic brand.

Our mission is to always put our customers first – bringing them fresh food, convenient products and essential services compatible with the culture and lifestyle of a modern and dynamic Viet Nam.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
JCB Co., Ltd.
Kumiko Kida, Ayaka Nakajima
Corporate Communications Department
Tel: +81-3-5778-8353
E-Mail: jcb-pr@jcb.co.jp

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB expands its merchant network with 3C Payment in Spain

Madrid / Tokyo, Jun 30, 2020 – (ACN Newswire) – JCB International, Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and 3C Payment, a leading global payment solutions provider, today announce the activation of JCB payment acceptance in over 85 locations of a well-established Hotel Group in Spain.

This partnership strengthens JCB's coverage across Spain and further enhances the payment brand's goal to expand its network of 34 million merchant partners; and to provide a unique and seamless shopping experience to its 140 million global cardmembers.

With over 30 years' experience, 3C Payment provides integrated payment solutions for hotels, Quick Service Restaurants (QSR), retail and parking industries across over 47 countries and territories, providing an effective solution to protecting cardholder data.

Mr. Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd., said: "JCB is happy to collaborate with 3C Payment because we understand the importance of global PSPs for providing excellent service to our cardmembers, as well as to increase acceptance in more international locations. Spain is a key market for JCB's expansion and this collaboration could be introduced to the other European markets, so we have strategically chosen to partner with 3C Payment because of its ability to provide broad-coverage payment solutions in the T&E sector across Europe."

Damien Estrade, General Manager Europe at 3C Payment said: "This partnership will help to encourage increased revenue for our clients who will now be able to cater to JCB card members looking to spend in Spain. The JCB card has a strong presence across the hospitality sector spend which matches well with the aspirations of our client base worldwide. We look forward to being able to widen our collaborations together with JCB in future".

About 3C Payment

3C Payment makes it easy for consumers to pay anyhow, anywhere, using highly secure specialised transaction flows that supports the needs of their clients. 3C Payment cover the full transactional journey from integrated P2PE EMV hardware linked to their hosted infrastructure and payment gateway services, to online and in-app payment acceptance linked to onsite and ERP systems. Their secure 3C Integra hosted platform unifies multiple payment channels allowing merchants to confidently trade in person and online in over 47 countries worldwide with local or centralized reporting accessible from anywhere through 3C Payment's web portal. 3C Payment has agreed to be acquired by payment company, Planet, subject to regulatory approval by the Financial Conduct Authority in the UK.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 34 million merchants and over a million cash advance locations in the world. JCB cards are now issued in 24 countries and territories, with more than 140 million Cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and Cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide.

Press Contacts:

JCB International/Europe
Contact: India Stone
Email: istone@jcbeurope.eu
Phone: +44 020 7087 4754

JCB (Head Office in Japan)
Contact: Kumiko Kida, Ayaka Nakajima
Email: jcb-pr@jcb.co.jp
Phone: +81 3 5778 8353

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Open Banking – the Next Wave of Innovation in Financial Services?

LONDON, Jun 8, 2020 – (ACN Newswire) – Since the adoption of the Payment Services Directive 2 (PSD2) in 2015 by the EU, there has been a movement towards open banking with UK, European and Asian banks adopting the open data initiative. Open banking implies free access to customers' personal data through an Application Programming Interface (API). This access can facilitate automatization of payments and verification of credit worthiness as an example.

On the one hand, open banking has a number of advantages such as it facilitates competition and fair pricing, it allows customers to get better deals, it reduces barriers for financial services and most importantly it gives the control of the data to customers who provided the data. John Broxis, managing director of Preta/Open Banking Europe, says: "With this work, we are pleased to continue the mission of Open Banking Europe to describe and standardise Open Banking practices in Europe following the implementation of PSD2."

However, conversely, there are also risks and disadvantages of open banking. First, since it applies only to the financial sector, it creates unequal benefits and unfair practices where non-financial companies that are not subject to open data initiative can benefit from open banking without revealing their private data in return. This would create information asymmetries. Second, the risk of misuse of personal data will rise and this could lead to distabilisation of the banking industry. Third, there are no finalised controls, regulations and rules of the game. Hence, any disputes will be difficult to resolve. Privacy and security aspects of open banking require more attention from regulators.

Once these challenges are overcome, opening banking can become the next wave of innovation in the financial industry. Simon Paris, CEO at Finastra says: "It's encouraging to see Open Banking maturing on a global scale, but it's still seen by many to be in its teenage years, with scope for creating even greater opportunities. We believe it will be the first step towards open finance which will see the next wave of innovation in financial services being created."

Geoffrey Weli-Wosu is an observer of fintech's expanding horizons and co-founder of Voguepay.com, an online payment processing Company. He is also the founder of Domineum.io, a blockchain company making strides in the African markets.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB Enables Cross-Border QR-Code Payments with FIS

TOKYO, Jun 5, 2020 – (ACN Newswire) – FIS(TM) (NYSE: FIS), a global leader in financial services technology, today announced that an international payment scheme, JCB, has selected FIS' Payments One switching and acquiring services[1] to enable cross-border QR-code payments.

As consumers seek greater speed and convenience in their payment transactions, merchants are increasingly adopting QR codes and other digital payment types. The Worldpay from FIS 2020 Global Payments Report found that digital wallets now account for 58 percent of regional eCommerce purchases and are expected to reach almost 70 percent by 2023. Digital wallets also now surpass cash at the point-of-sale, accounting for 36 percent of in-store sales in 2019.

JCB, a leading international payment scheme based in Japan, was looking for a technology provider to help it drive acceptance of QR payments among consumers as part of its quest to be the preferred card brand. JCB chose FIS because of its global footprint, deep network of local acquiring licenses, and for the advanced capabilities of FIS' Payments One switching and acquiring services platform.

The FIS Payments One switching and acquiring services platform is customizable across a range of device and payment types. With this new payment method integrated into the platform, FIS partner banks can quickly and easily enable JCB QR Code Payment for their client base.

JCB plans to first use the Payments One switching and acquiring services platform to handle QR payments between Vietnam and Thailand, with plans to roll out across the APAC region.

"Improving the customer experience across the market is our number one goal," said Kenta Seya, Executive Vice President, Global Network Implementation Department at JCB Co., Ltd. "By creating a cross-border solution, we look forward to creating a more consistent experience for JCB card members as they travel, allowing them to pay using their preferred method, no matter where they go. Working with FIS will give us the broad reach to their partner banks globally to achieve the goal."

"By integrating QR payments for JCB cardholders through our Payments One switching and acquiring services platform, our partner banks will now have a way to deliver QR-based payments faster than before," said Mahesh Ramamoorthy, Managing Director, Banking Solutions, FIS.

Worldpay from FIS has been supporting JCB's merchant acquiring business internationally since the 1990s. In last December, FIS and JCB enabled card acceptance for Worldpay from FIS merchants in Japan, and this announcement further extends the companies' partnership.

[1] FIS' Payments One switching and acquiring services platform is a highly scalable payment processing solution for credit, debit, multicurrency prepaid, virtual card, digital wallets, loyalty programs and other value-added services.

About FIS

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500(R) company and is a member of Standard & Poor's 500(R) Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
for FIS
Kim Snider, +1 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com

for JCB Co., Ltd.
Kumiko Kida
Corporate Communications
Phone: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB Enables Cross-Border QR-Code Payments with FIS

JCB signs a Strategic Partnership Agreement with TECHFUND for Joint Research on Sustainable Payment System Using Blockchain

TOKYO, Jun 1, 2020 – (ACN Newswire) – JCB Co., Ltd., a global payment network and a leading issuer and acquirer in Japan, and TECHFUND Inc., a technology accelerator promoting innovation in startups and leading companies, have signed a strategic partnership agreement to jointly research the construction of a sustainable payment system using blockchain. Based on TECHFUND's blockchain technologies such as STO (Security Token Offering)*1 and staking*2, JCB and TECHFUND jointly research the payment platform that will contribute to solving various issues in the payment field.

*1 STO: A method of raising funds through tokenized securities issued on the blockchain.
*2 Staking: Earning a reward by continuously holding crypto currencies and contributing to the stability of the system.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit https://www.global.jcb/en/

About TECHFUND

TECHFUND, a TECHNOLOGY ACCELERATOR, was launched on October 9, 2014 with a vision, "BE AN ENTREPRENEUR". As the world's first technology accelerator to support startups by investing "technology" instead of money, we have been involved in more than 300 teams of mentoring and due diligence, and have invested in 10 companies. At the same time, we provide an intrapreneur program, "ACCEL PROGRAM for BIZ", for major companies and contributed to 30 leading companies' innovations. We also develop scoring algorithms to assess the growth potential of startups and new businesses. TECHFUND is currently focusing on supporting blockchain and STO projects, as well as developing and providing ACCEL BaaS (Blockchain as a Service) to "accelerate" the development of blockchain applications for startups and enterprises. Among the supported startups is EtherSecurity, a company in the staking business.

Contact
JCB
Kumiko Kida, Ayaka Nakajima
Corporate Communications
Phone: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

TECHFUND Inc.
Peaske.Kawahara
Communication Strategy Div
Email: press@techfund.jp (Cc: peaske@techfund.jp)

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HDBank joins Contour Network to improve Letter of Credit issuance

HO CHI MINH CITY, VIETNAM, May 6, 2020 – (ACN Newswire) – HDBank, the Vietnamese-based financial institution, has today joined Contour, the open trade finance network, to increase its ability to extend trade financing to more corporates. This addition to Contour's blockchain-based network further strengthens its offering to the trade finance industry.

HDBank is the latest financial institution to join Contour and marks the first bank in Vietnam to be part of the Contour's trade finance network. This offers an opportunity for Vietnamese corporates to take advantage of the online negotiation and streamlined management of Letters of Credit with counterparties in Asia, Europe, the Middle East, and the USA.

Built on R3's Corda, Contour's network is focused on overhauling the Letter of Credit (LC) issuance process. LCs are traditionally paper-based, time consuming to process and costly to deal with. By digitising LCs on a blockchain network, the processing time and cost involved will be significantly reduced. With the current socio-economic climate, the need for further efficiency in the market has grown even more apparent.

Carl Wegner, CEO, Contour said: "The focus with our network has always been to establish a neutral platform that all different types of banks and corporates can use for trade finance transactions. To fully unlock the potential of what enterprise blockchain can bring to trade finance, banks and corporates need to be able to collaborate and forge new connections. That is the ultimate aim of Contour, and it's something we're continuing to see as we welcome HDBank into the network."

Pham Quoc Thanh, CEO at HDBank, added: "We saw the potential for Contour to revolutionise how we issue LCs and knew it was an opportunity like no other. From working with Carl and his team, we hope to change that, providing increased flexibility with LCs, streamlining the process and providing funds to corporates in a far more efficient manner than ever before. In due course, we look forward to sharing news of transactions taking place on this network."

About Contour

Contour is building the world's open trade finance network. With industry-wide collaboration and blockchain technology, we are dissolving barriers to create seamless trade. Our network of Banks, Corporates and Partners enable the instant flow of trusted data across the world's trade routes and fragmented ecosystems, creating a streamlined future for businesses. Visit www.contour.network.

Media contact:
HDBank
trangntt18@hdbank.com.vn

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB Introduces Tap on Mobile Solution for JCB Contactless Payments on Android Smartphones

TOKYO, Apr 28, 2020 – (ACN Newswire) – JCB Co. Ltd. ("JCB"), Japan's only international payment brand, is leveraging Asia's leading fintech player, Soft Space Sdn. Bhd.'s ("Soft Space") technological expertise to develop the Tap on Mobile programme that capitalises on the wide availability of Android smartphones equipped with NFC (near-field communication).

JCB Contactless card or mobile device can be used at any merchants that support JCB Contactless. Aimed at driving greater contactless acceptance among JCB acquirers worldwide, JCB has developed the Tap on Mobile programme which will be used to govern all aspects of contactless payment transactions securely made on NFC-enabled Android smartphones, off the shelf. This programme is secure and interoperable based on EMV and PCI standards.

The initiative to develop Tap on Mobile programme is a significant milestone for JCB because it believes that the Tap on Mobile solution is the future of payments, and is poised to help JCB significantly grow its acceptance business globally going forward.

"We are pleased to be working with Soft Space on this Tap on Mobile programme," said Tac Watanabe, the Executive Vice President for JCB's Brand Infrastructure and Technologies Department. "The Tap on Mobile is secure yet convenient for our customers, and given the growth of contactless payment transaction and consumer smartphones worldwide, we believe that the Tap on Mobile will be the key initiative for JCB to drive our contactless agenda to grow globally."

"We are privileged to be working on JCB's Tap on Mobile programme," said Joel Tay, Chief Executive Officer of Soft Space. "With businesses being constantly challenged by changing global economic scenarios, Tap on Mobile is a tool that can aid them through such times by offering them an innovative, cost-effective and secure payment solution."

The Tap on Mobile programme builds on the expertise gained through Soft Space's development of "Fasstap", world's first NFC-enabled payment solution with PIN verification, certified by card brands in 2018[1] and subsequently 2019[2].

Tap on Mobile solution has been developed by incorporating JCB's contactless kernel – the engine that powers contactless payment transactions. Engaging Soft Space's technological expertise, the solution has met JCB's necessary standards and approvals. This ensures that payment data transmitted is secured from potential leakage, thus reducing the risk of fraudulent activities.

With Tap on Mobile programme in place, JCB can offer its acquirers a new, innovative cashless payment option who will in turn, adopt and deploy as a cost-effective payment solution to their merchants.

[1] Businesses can Accept MyDebit Card Payments Using Only Mobile Phones https://paynet.my/press-release/2018/PayNet-Fasstap-Pilot-Launch.pdf
[2] Maybank Tap2Phone offers greater mobility for merchant mobile payments https://www.maybank.com/en/news-support/news.page

About Soft Space

Founded in 2012, Soft Space is a leading Fintech player in the APAC region headquartered in Kuala Lumpur, Malaysia. Soft Space simplifies the complexity of financial infrastructure and creates value-added features for businesses to expand their business growth. With over 20 financial institutions in 11 countries adopting its payment solutions, Soft Space is supported by MDEC's Global Acceleration and Innovation Network (GAIN) programme and received financial support through MIDA's Domestic Investment Strategic Fund in 2012. In 2018, Soft Space ranked 66th out of 1000 companies in the Financial Times 'FT 1000: High Growth Companies in Asia Pacific' Special Report. For more information, please visit https://www.softspace.com.my/

Brenda Lim
Communications Executive
Tel: +603 7494 1222
Email: brenda.lim@softspace.com.my

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 33 million merchants and over a million cash advance locations in the world. JCB cards are now issued in 24 countries and territories, with more than 136 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit https://www.global.jcb/en/

Kumiko Kida
Assistant Vice President, Corporate Communications Department
Tel: +81 3 5778 8353
Email: jcb-pr@jcb.co.jp

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Japan Railways starts to accept Discover Card from April 2020

TOKYO, Mar 31, 2020 – (ACN Newswire) – JCB announces that Discover Card will be accepted from 1 April 2020 for purchase of tickets at station ticket offices and ticket vending machines(*) operated by Japan Railways (JR Hokkaido, JR East, JR Central, JR West, JR Shikoku and JR Kyushu).

The majority of Japan's railway network is owned and operated by Japan Railways. The JR Group is made up of six regional passenger railway companies, which are JR Hokkaido, JR East, JR Central, JR West, JR Shikoku and JR Kyushu. The group operates a nationwide network of urban, regional and interregional train lines and the shinkansen (bullet trains). As Discover Card issued around the world (mainly issued in the USA) will be accepted by Japan Railways, it will enhance convenience for international travelers visiting Japan.

JCB partners with Discover for mutual acceptance of both merchant networks in multiple countries including Japan and the USA. This partnership enables acceptance of JCB Card at Discover merchants in Discover acceptance countries including the USA and Discover Card at JCB merchants in JCB acceptance countries including Japan.

*The cards are not accepted at some ticket vending machine.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. https://www.discover.com/

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 33 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 130 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
JCB Co., Ltd.
Kumiko Kida
Corporate Communications
Phone: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com