Rakuten exposes 1.48 million sets of data to access from outside
Japanese online shopping mall operator Rakuten Inc. said Friday that a computer security problem at the group exposed 1,486,291 sets of personal and corporate information to access from the outside. Of the affected data, managed by Rakuten, credit card subsidiary Rakuten Card Co. and e-money ...
Japan points program to mitigate consumption fall ends Tuesday
The government's shopping point reward program for promoting cashless payments, which appears to have had only a limited impact on consumption, is ending Tuesday. The program was introduced last year to mitigate the impact on spending of the October consumption tax hike from 8 percent ...
Tokyo's Shinjuku Gyoen National Park to start selling tickets online
Shinjuku Gyoen National Garden, one of Tokyo's largest and most popular parks, will start selling entrance tickets online later this week ahead of next year's Olympics with an eye on cutting queuing times, the government said Tuesday. With tickets currently only available at park gates, ...
Apple under fire for new credit card's apparent unequal treatment of women
Apple Inc. pitches its new card as a model of simplicity and transparency, upending everything consumers think about credit cards. But for the card's overseers at Goldman Sachs Group Inc., it is creating the same headaches that have bedeviled an industry the companies had hoped ...
JCB and Singapore's Socash to tie up for cardless cash advance service in Southeast Asia
Major Japanese credit card issuer JCB Co. will partner with Singaporean fintech startup Socash Pte. Ltd. to launch its first cardless cash advance service in Southeast Asia after spring 2020. The two are in discussion on the new service, which will in effect see cash ...
Japan credit card firms may apply discounts to monthly payments to ease impact of tax hike
Major credit card companies are considering deducting points earned during purchases from the balance requiring payment, under a government rebate program intended to cushion the impact of the consumption tax hike planned for October, it was learned Tuesday. Observers have suggested such a move would ...
Credit card data of up to 15,000 shoppers may have been stolen from Japan-based online stores
In the scam, personal information was stolen after customers typed in data necessary to make payments on fake settlement screens that they believed were genuine.
Credit card trends aren't signaling a U.S. recession, analysts assure
November data reported by credit card issuers like American Express Co. and Capital One Financial Corp. may soothe some concerns about an impending recession and credit deterioration, analysts said. Those worries have been contributing to stock market swings in recent weeks, but the latest ...
Japan hesitantly moves toward a cashless society
Taking out a wallet loaded with cash, receipts and loyalty cards and searching for coins in front of a cashier is a familiar scene at stores in Japan. But the country wants more consumers to kick that habit and engage in cashless transactions using credit ...
Government plans 5% rebates for some cashless payments after 2019 tax hike
The move is among steps the government plans to take to ensure that raising the consumption tax will not put the brakes on economic activity.
Effort to nudge Japan to go cashless with offsets to sales tax hike faces many hurdles
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. The tax hike has already been postponed twice owing to jitters over how it might ...
