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Japan Post Bank to scrap its cashless payment service over security flaws

Business Jan 9, 2021

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

Business Dec 25, 2020

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.

Business Nov 20, 2020

Japanese companies team up to test private digital currency

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

Business / Corporate Nov 12, 2020

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

National / Crime & Legal Nov 5, 2020

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

Business / Economy Oct 18, 2020

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 ...

National / Crime & Legal Sep 24, 2020

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 ...

E-money service scam expands to five other operators

Business Sep 16, 2020

E-money service scam expands to five other operators

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.

NTT Docomo failed to notify banks of deposit theft

Business / Corporate Sep 14, 2020

NTT Docomo failed to notify banks of deposit theft

NTT Docomo said Thursday that fraudulent money withdrawals using its payment service had occurred in May last year at accounts at Resona Bank and Saitama Resona Bank.

More NTT Docomo e-money thefts confirmed, with ¥25 million stolen

Business / Corporate Sep 14, 2020

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

Business / Corporate Sep 10, 2020

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.

Bank accounts breached via NTT Docomo e-money service

Business / Corporate Sep 9, 2020

Bank accounts breached via NTT Docomo e-money service

Japan Post Bank said it will stop customers from making new registrations or changing back accounts to use the e-money service by NTT Docomo for a while.

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