Heads of Mizuho Financial and Mizuho Bank to quit over glitches
Mizuho Financial Group, one of Japan's major banking groups, seeks to recover public trust by management taking responsibility through Sakai's resignation.
Japan's banking regulator to oversee computer system at Mizuho
The administrative measure comes after seven system failures have occurred at the Japanese megabank this year.
Brazil police kill 11 heavily armed suspects out of 25 who tried to blow up two banks' ATMs
Police in Sao Paulo state shot and killed 11 assailants who were preparing to blow up automated bank teller machines simultaneously at two branches early on Thursday, authorities said. Sao Paulo state's Public Security Secretariat said in a statement that about 25 suspects were involved ...
Seven Bank to use facial recognition to let people open accounts at ATMs across Japan
Seven Bank will equip its ATMs with facial recognition technology, possibly starting this fall, as a way to identify customers and let people open bank accounts on the spot, sources said Monday. The new ATM operated by Seven Bank, a unit of retailer Seven & ...
ATM manufacturers in Japan see silver lining in industry's woes in India
Even as India's ATM industry struggles to cope with the rising cost of tightened compliance requirements aimed at boosting security standards, manufacturers expect demand for new machines meeting the latest regulatory norms to go up in the country. The Confederation of ATM Industry, or CATMi, ...
Days are numbered for ATMs in Japan's banking system
On May 2, Shinsei Bank announced that starting from October it will impose fees for automatic teller machine (ATM) transactions. Shinsei's main sales point has always been its lack of ATM fees, but the bank will start charging ¥108 per ATM withdrawal unless the ...
Three mega-banks consider sharing ATMs to boost profitability
Japan's three megabanks are considering the joint management and development of ATMs to cut costs and boost profitability, as they are currently struggling in the extremely low interest rate environment, a source close to the matter said Friday. MUFG Bank Ltd., Mizuho Bank Ltd. and ...
The Osaka Prefectural Police have deployed 900 officers to about 400 unmanned bank branches on Monday to combat transfer scams targeting the elderly. Operations of this size are rare in any prefecture, and the police did not say when it would end. The deployment is aimed ...
Millions of yen possibly withdrawn using fake UnionPay cards in Japan
At least several hundred million yen may have been withdrawn from ATMs in Japan using counterfeit Chinese UnionPay cards, with four Taiwanese men arrested in connection with the fraud over the past six months, a source at a major Japanese bank said Thursday. UnionPay cards ...
Japan's biggest bank to launch ATMs that use smartphone validation
The high level of security now available on smartphones has led Bank of Tokyo-Mitsubishi UFJ to plan ATMs that use validation by phone rather than card and PIN, sources said Tuesday. It will be the first major Japanese bank to offer a service that does ...
