Japanese banks raise guard after ¥1.8 billion taken from ATMs

Jun 8, 2016

Japanese banks raise guard after ¥1.8 billion taken from ATMs

Japanese banks that lost some ¥1.8 billion ($16.5 million) when fake overseas cards were used at convenience store ATMs are scrambling to combat such fraud. Seven Bank, which operates ATMs in the 7-Eleven convenience store chain, halved its withdrawal limit to ¥50,000 from ¥100,000 for ...