Tag - credit-cards

 
 

CREDIT CARDS

Every year, an amount equivalent to roughly 15% of the world's economy flows through Visa's networks, and bad actors are constantly trying to siphon off some of that.
BUSINESS / Tech
Jul 7, 2025
Visa's 24/7 war room takes on global cybercriminals
The payments giant has invested $12 billion over the past five years building artificial intelligence-powered cyber fraud detection capabilities.
In addition to prepaid transportation integrated circuit (IC) cards, such as Suica and Pasmo, a growing number of railway operators are introducing contactless credit card payments.
BUSINESS
Jun 29, 2025
Railway firms diversify ticket gate access methods
A growing number of railway operators are introducing contactless credit card payments.
Forged My Number cards and other ID cards seized by police are shown at a police station in Tokyo in December 2023.
JAPAN / Crime & Legal
Jun 20, 2025
Japan to require IC chip ID verification for online bank accounts in 2027
The new rule is designed to prevent fraudulent accounts from being opened under stolen identities.
Tokyo police arrested five people on suspicion of buying some 2,800 boxes of heated tobacco products, worth about ¥1.64 million, at a convenience store using the Apple Pay iD contactless payment service over 167 times from Nov. 8 to 10 last year.
JAPAN / Crime & Legal
May 15, 2025
Five arrested for alleged credit card fraud over tobacco purchases
Offline payment, whose inappropriate use is unstoppable when smartphone signals are cut, was used for the crime.
Marui Group's Museum Epos Cards — where donations are made to art museums based on the amount spent on the card — sit on display in Tokyo's Taito Ward on Friday.
BUSINESS / Companies
Mar 23, 2025
Marui launches museum-supporting credit card
The company has partnered with the National Museum of Art, the National Institutes for Cultural Heritage and the National Museum of Nature and Science.
"We sincerely apologize for our failure to promptly stop the spread of unauthorized credit card use and act quickly in our response to customers who suffered damage," President Shunsuke Shirakawa told a news conference on Thursday in Tokyo's Chuo Ward.
JAPAN / Crime & Legal
Mar 14, 2025
Damage from Aeon card fraud in Japan reaches ¥9.9 billion
Such fraudulent transactions have been on the rise since last spring, affecting tens of thousands of Aeon card users.
The computers and smartphones seized by the Metropolitan Police Department on Thursday in Tokyo's Bunkyo Ward
JAPAN / Crime & Legal
Feb 28, 2025
Three teens arrested over fraudulent subscriptions to Rakuten Mobile
Police believe the suspects obtained at least about 2,500 subscriptions and sold them for a total of about ¥7.5 million in crypto assets.
A 17-year-old student from Kanagawa Prefecture has been arrested for allegedly creating a program that purported to verify the validity of credit cards and using it to illegally obtain their details.
JAPAN / Crime & Legal
Jan 22, 2025
Kanagawa high school student arrested for credit card data theft
The 17-year-old male student is accused of creating a program that purported to verify the validity of credit cards and using it to illegally obtain their details.
A Tokyo couple allegedly used credit cards obtained fraudulently using other people's IDs to buy smartphones, luxury clothing and expensive liquor, according to the police.
JAPAN / Crime & Legal
Dec 3, 2024
Tokyo couple held for fraud allegedly bought and resold 200 smartphones
Takaaki Saito, 32, and Chiharu Saito, 33, are accused of exploiting multiple stolen identities to obtain credit cards to make the purchases.
There have been confirmed cases across the country of fraudsters using credit card information stolen through phishing to obtain digital currencies managed by local governments.
JAPAN / Crime & Legal
Nov 21, 2024
Japan's local digital currencies increasingly exploited by fraudsters
The fraudsters are believed to be targeting such currencies for the rewards that come with purchasing or making payments in the currencies.
Rakuten's sale of 15% stake in its credit card arm to Mizuho Financial Group would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter.
BUSINESS / Companies
Nov 14, 2024
Rakuten sells Mizuho 15% of credit card arm for ¥165 billion
The sale would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter, Rakuten said in a statement Wednesday.
Infcurion offers technology powering a range of payments services such as digital wallets and credit cards.
BUSINESS / Companies
Oct 11, 2024
Japanese payments company Infcurion says planning IPO in 2025
Infcurion, founded in 2006, offers technology powering a range of payments services such as digital wallets and credit cards.
Takaaki Saito enters the Metropolitan Police Department's Fukagawa Police Station in Koto Ward, Tokyo, on Tuesday.
JAPAN / Crime & Legal
Sep 4, 2024
Trio trying to pay off supercar debt arrested for alleged fraud
The trio is believed to have created a total of 34 credit cards in the names of nine people using personal information they obtained.
The new V Point program offers a feature allowing members to earn double reward points when making payments with credit cards.
BUSINESS / Companies / FOCUS
Aug 26, 2024
New V Point spurs corporate economic bloc race in Japan
Competition among corporate groups in Japan is intensifying further as they strive to expand their economic influence through shared reward points.
The new V Point reward point program will have a combined number of 154 million subscribers from its two former programs, the largest in Japan.
BUSINESS / Companies
Apr 23, 2024
New 'V Point' program launched after merger
The combined number of subscribers to the two former programs was 154 million, the largest in Japan.
Counterfeit credit cards at the Osaka Prefectural Police Department in November
JAPAN / Crime & Legal
Apr 10, 2024
Illicit credit card use damage hits record high in Japan
The Ministry of Economy, Trade and Industry aims to strengthen measures to prevent such damage.
The antitrust settlement against Visa and Mastercard is one of the largest in U.S. history.
BUSINESS / Companies
Mar 27, 2024
Visa and Mastercard settle for $30 billion over merchant credit card fees
The antitrust settlement is one of the largest in U.S. history, and would resolve most claims in nationwide litigation that began in 2005.
Rakuten Group plans to consolidate its payments and points businesses and fold them into Rakuten Card, its credit card and loans unit.
BUSINESS / Companies
Aug 10, 2023
Rakuten to combine credit card and mobile payments business
The move could set the struggling e-commerce company up to eventually list its card business.
BUSINESS / Companies
Oct 4, 2022
T-Point to be merged with Sumitomo Mitsui's V Point program
The integrated program will be launched under a new name around spring 2024.
Japan Times
BUSINESS
Mar 10, 2022
UniCredit and BNP Paribas detail hefty Russian exposures as markets rebound
BNP Paribas is believed to be the first major bank to have excluded staff in Moscow from its IT networks.

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