21 February 2018
Visit www.avoka.com

JCB issues over three million EMV smart cards

07 August 2002  |  3769 views  |  0 JCB issues over three million EMV smart cards

Japanese credit card company JCB is reporting it has issued over three million branded EMV IC cards in Japan since December 2001.

JCB began issuing smart cards featuring its EMV credit payment application J/Smart to cardmembers commercially in December 2001 after undergoing several pilot projects. These include the Postal Savings project in Omiya City, near Tokyo, and the Electronic Toll Collection systems for highways in Japan.

By the end of March 2003, JCB expects to have issued more than ten million smart cards, representing 20 per cent of all JCB members. JCB plans for EMV-based JCB IC migration to be complete by the end of 2006.

As well as incorporating the regular advantages of smart cards such as improved security, JCB's J/Smart IC cards will also feature multiple applications to improve user functionality for even better customer satisfaction, including contactless applications for transport and ticketing systems, loyalty applications and electronic money.

The card issuer is also pushing forward with plans to extend its EMV-compliant JCB brand network outside of Japan. In March, 2002, the first JCB IC transaction at a point-of-sale located in the UK was processed.

JCB plans to expand EMV acceptance to other countries by the end of this year, and also expects to have J/Smart- based JCB cards issued outside of Japan very soon.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

DaimlerChrysler Bank issues EMV chip card

DaimlerChrysler Bank issues EMV chip card

31 July 2002  |  5540 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register for the webinarvisit www.nextgenbanking.co.ukvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10124 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9718 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8481 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7154 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6869 views 0 | 7 tweets | 5 linkedin

Featured job

to £100K base, double OTE, benefits
London, UK

Find your next job