Japan Post Bank to scrap its cashless payment service over security flaws
Until the launch of a new service, the bank will offer the mijica payment service only with available card functions that have proven to be safe, including its use as a debit card.
Japan Post and Rakuten to forge digital tie-up aimed at boosting efficiency
The companies will try to tackle delivery staff shortages and other challenges by sharing Japan Post's data on postal items and Rakuten's forecasts of online shopping demand.
The lack of interoperability between different cashless payment applications remains a hurdle both for consumers and retailers.
JR East plans to reward off-peak commuters with point program
It will be possible to use the points to pay for train travel as well as purchases at shops inside station buildings and JR East's online stores.
E-money laundering in Japan nearly tripled in 2019, police say
The 3,913 cases reported by nonbank operators of funds transfer services during the year compare to 1,391 in 2018, according to the National Police Agency
FSA to demand banks strengthen ID checks following fraud tied to NTT service
The Financial Services Agency plans to revise its guidelines on regulating the banking sector to demand stricter customer identity checks for account transfers related to electronic payment services, according to sources. The move comes in response to a series of cases at banks across the ...
Stolen money via Japan Post account breaches rises to ¥60 million
Japan Post Bank Co. said Thursday the amount of money stolen from customers' accounts due to a series of security breaches of seven electronic payment services has ballooned to about ¥60 million ($570,000). The bank has asked its 5.5 million clients who use electronic payment ...
Among the five, Z Holdings Corp. said it has found 17 cases of fraudulent money withdrawals totaling ¥1.41 million through its smartphone payment service PayPay.
More NTT Docomo e-money thefts confirmed, with ¥25 million stolen
The company said 120 cases of fraudulent money withdrawals were found at 11 of the 35 banks that NTT Docomo has partnered with.
NTT Docomo admits ¥18 million stolen via its e-money service
The company, which has stopped allowing customers to create new links between the service and bank accounts, has said it will try to compensate victims.
