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April 26, 2024
 

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CREDIT CARDS

The new V Point reward point program will have a combined number of 154 million subscribers from its two former programs, the largest in Japan.
BUSINESS / Companies
Apr 23, 2024
New 'V Point' program launched after merger
The combined number of subscribers to the two former programs was 154 million, the largest in Japan.
Counterfeit credit cards at the Osaka Prefectural Police Department in November
JAPAN / Crime & Legal
Apr 10, 2024
Illicit credit card use damage hits record high in Japan
The Ministry of Economy, Trade and Industry aims to strengthen measures to prevent such damage.
The antitrust settlement against Visa and Mastercard is one of the largest in U.S. history.
BUSINESS / Companies
Mar 27, 2024
Visa and Mastercard settle for $30 billion over merchant credit card fees
The antitrust settlement is one of the largest in U.S. history, and would resolve most claims in nationwide litigation that began in 2005.
A warning is displayed about a nationwide disruption to credit card services on a ticketing machine at Yurakucho Station in Tokyo on Saturday.
JAPAN / Society
Nov 12, 2023
Credit card transaction disruptions reported nationwide in Japan
Major credit card firm JCB said a subsidiary that handles card settlement data experienced system trouble, apparently causing the disruption.
Rakuten Group plans to consolidate its payments and points businesses and fold them into Rakuten Card, its credit card and loans unit.
BUSINESS / Companies
Aug 10, 2023
Rakuten to combine credit card and mobile payments business
The move could set the struggling e-commerce company up to eventually list its card business.
Japan Times
BUSINESS / Companies
Oct 4, 2022
T-Point to be merged with Sumitomo Mitsui's V Point program
The integrated program will be launched under a new name around spring 2024.
Japan Times
BUSINESS
Mar 10, 2022
UniCredit and BNP Paribas detail hefty Russian exposures as markets rebound
BNP Paribas is believed to be the first major bank to have excluded staff in Moscow from its IT networks.
Japan Times
JAPAN
Nov 26, 2019
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.
Japan Times
BUSINESS / Companies
Nov 12, 2019
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.
Japan Times
BUSINESS / Companies
Oct 18, 2019
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.
Japan Times
BUSINESS
Aug 28, 2019
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.
Japan Times
BUSINESS / Companies
Aug 9, 2019
Apple and Goldman Sachs roll out virtual credit card
Apple Inc. and Goldman Sachs Group Inc. rolled out a virtual credit card on Tuesday, which will help the iPhone-maker diversify from device sales and also build out the Wall Street bank's new consumer business.
Japan Times
JAPAN / Crime & Legal
May 9, 2019
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.
BUSINESS / Economy
Jan 1, 2019
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 data look "benign to slightly improved" compared to a year ago, according to Compass Point.
Japan Times
JAPAN / EXPLAINER
Dec 3, 2018
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.
Japan Times
BUSINESS
Nov 22, 2018
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.
Japan Times
JAPAN / YEN FOR LIVING
Nov 9, 2018
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 affect consumption. The last consumption tax increase, in 2014, sparked a recession, and reportedly there is still a chance that Abe might postpone the hike once again if economic indicators show a similar scenario. Consequently, the prime minister said the government would do its "utmost to minimize a negative impact on the economy by implementing all sorts of policies."
Japan Times
BUSINESS / Companies
Mar 13, 2018
Amazon looks to secure office-supply dominance with new credit card
Amazon.com Inc. is planning to offer a credit card to U.S. small-business customers, according to people with knowledge of the matter, furthering its push to supply companies with everything from reams of paper to factory parts.
Japan Times
JAPAN
Dec 7, 2017
Japan's tourism trade embraces portable credit card terminals
Restaurants, souvenir shops and even temples and shrines are hoping to cater to foreign guests with an international custom yet to be fully adopted in Japan: letting customers pay their bills with credit cards at portable terminals instead of paying at cash registers.
Japan Times
BUSINESS
Jun 23, 2017
Fintech firm uses credit card data to fix holes in Japan's consumption figures
Private consumption is 56 percent of Japan's GDP, so understanding where people are spending and what they're buying is essential to have a clear picture of what's going on in the world's third-biggest economy. That's true not just for the government, but also for businesses and people.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
Yen inches closer to intervention point as BOJ meeting starts
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Tokyo's Koto Ward by-election a race unlike any other
Natsumi Sakai, the Constitutional Democratic Party of Japan’s candidate and one of four female candidates running in the by-election, touts her experience as a cancer survivor and midwife as having prepared her to tackle issues that women currently face.
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.

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