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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 ...

Can the iPhone 12 accelerate 5G's lagging rollout in Japan?

Business / Tech | FOCUS Oct 14, 2020

Can the iPhone 12 accelerate 5G's lagging rollout in Japan?

by Kazuaki Nagata

Currently, there is hardly any content that takes full advantage of 5G’s tech merits and network coverage remains spotty.

Japanese consumers grumble about high mobile phone fees

National Oct 9, 2020

Japanese consumers grumble about high mobile phone fees

In response, the nation's three largest providers have expressed a willingness to consider cutting their rates.

Japan’s NTT eyes asset sales after $40 billion Docomo buyout

Business / Corporate Oct 7, 2020

Japan’s NTT eyes asset sales after $40 billion Docomo buyout

by Reed Stevenson and Grace Huang

The merger will help the Tokyo-based telecommunications giant keep up share buybacks and invest aggressively overseas, CEO Jun Sawada said in an interview Tuesday.

Japan's mobile phone carriers brace for further intervention by Suga

Reference / Business | FYI Oct 1, 2020

Japan's mobile phone carriers brace for further intervention by Suga

by Kazuaki Nagata

Even before becoming prime minister, Suga had intervened in the cell phone market in an attempt to lower fees.

Docomo deal signals more unwinding of 'parent-child' listings in Japan

Business / Corporate Oct 1, 2020

Docomo deal signals more unwinding of 'parent-child' listings in Japan

by Lisa Du and Toshiro Hasegawa

After years of complaints from corporate governance experts, the wave of consolidation or sales of these units is gathering pace.

NTT to take mobile unit Docomo private for ¥4 trillion

Business / Corporate Sep 29, 2020

NTT to take mobile unit Docomo private for ¥4 trillion

by Kazuaki Nagata

The buyout is expected be the largest tender offer in history for a Japanese company.

How to steal ¥28 million: Lessons learned from the Docomo swindle

Business | Q&A Sep 25, 2020

How to steal ¥28 million: Lessons learned from the Docomo swindle

by Osamu Tsukimori

Japan’s largest mobile phone carrier made headlines after its e-money service was used to defraud people who weren't NTT Docomo customers.

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.

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