PT JCB International Indonesia, subsidiary of JCB International Co., Ltd., the international operations arm of JCB Co., Ltd. (hereinafter collectively “JCB”), and Bank Negara Indonesia (“BNI”) are pleased to announce the launch of the Kartu Kredit BNI JCB Platinum card. BNI was the first bank in Indonesia, established by the government in 1946, and now has a nationwide network of 1,694 outlets spread throughout 34 provinces and 384 counties in Indonesia and 11,175 ATMs serving the Indonesian people. BNI is one of the top ranked in the credit industry as well, having issued 1.7 million cards to consumers and acquiring credit transactions at 40,000 merchants. JCB cards are today issued in 16 countries with 83 million cardmembers and accepted at 24 million merchants in 190 countries and territories around the world. JCB entered into the Indonesian market in 1983 to expand JCB card acceptance and JCB card issuing to residents of Indonesia was launched in 1996. JCB and BNI signed an issuing and acquiring license agreement in May 2013, culminating in the launch of the new Platinum card.
FICO announced that PermataBank, with 1.9 million retail banking clients across 55 cities, is adopting FICO “Falcon” Fraud Manager to control fraud in its debit and credit card portfolios. The FICO “Falcon” Fraud Manager will help the bank combat the USD 33 million annual industry loss faced by Indonesian banks. It supports PermataBank’s goals to improve fraud prevention, detection, investigation, recovery and remediation. PermataBank will use Falcon’s real-time fraud capabilities to score debit and credit card transactions as they occur. Based on these scores, PermataBank will be able to stop the highest-risk transactions if needed, without slowing down transaction speeds for legitimate transactions. This approach has been demonstrated to be a powerful deterrent to fraudsters, who can literally be stopped at the point of sale.
Bank Danamon Syariah and Baznas Dompet Dhuafa have signed agreements
for the generation of zakat, an obligatory tax required of Muslims, and
for charity from the syariah credit card, “Dirham Card”. The card requires
its holders to maintain a goodwill investment and manages a charity fund,
“Qardhul Hasan”, supported by card fees. Other goals are to educate and
encourage customers to save through the goodwill investment which is 10%
card limit. ‘Akad’, consists of 3 contracts; Ijarah, Kafalah and Qardh. The
Ijarah scheme requires that the card issuer acts as the provider of payment
and service system for the card holder by charging a membership fee.
transaction scheme requires that the issuer acts as the guarantor
merchants and the Qardh scheme requires the issuer to act as a lender
the cash withdrawals from the bank and is, therefore, obliged to return
PT Bank, with MasterCard, has launched the “Dirham Card”, the first
of its kind to be offered in Indonesia. Making the card unique is its
adherence to Islamic principle. In doing so, the card issuer abides by
what are known as the three contracts, or ‘akad’. Akad consists of the
Ijarah scheme, which provides that the card issuer acts as the provider of
payment and service system for the card holder for which the card holder
is charged a membership fee. The Kafalah transaction scheme, also
composing of akad, holds that the bank acts as the guarantor for card
holders against merchants. Finally, the Qardh akad scheme stipulates that
the card issuer acts as the lender to the card holder through the cash
withdrawal from the bank and is obliged to return the same amount of funds
he withdrew. The “Dirham Card” does not implement interest, employs a fee
calculation which appreciates partial payment, funds charity with
and is accepted around the world. Bank Danamon Syariah has a presence in
cities including Jakarta, Bukit Tinggi, Banda Aceh, Surabaya, Martapura,
and Makassar, third party funds of Rp 337 billion and total
syariah schemes of Rp 220 billion.
PT Bank International Indonesia (BII), with more than 700 ATMs, has
connected to ATM BERSAMA network of Artajasa, making it a network
of 11,900 ATMs from 68 different banks. This partnership is part of an
effort to improve BII customer service as well as to other banks’ customers. As a result, all BII debit cards can be used in the ATM Bersama network and cardholders can now get discounts at thousands of merchants throughout the country and given the ability to do online transfers. BII has 230 branches and 700 ATMs with a total customer deposit base of more than IDR 37 trillion. The Bank also has IDR 53 trillion in assets.
The first unembossed MasterCard card program is being launched by PT. Bank Rakyat Indonesia. The new “BritAma PrimeCard MasterCard” is being launched as a debit card and will be initially made available to all existing BritAma ATM cardholders. The unembossed card can be used for signature or PIN-based purchases at merchant locations accepting the MasterCard and Maestro brands globally. The card can also be used at MasterCard/Maestro/Cirrus ATMs globally and offers domestic acceptance at more than 500 Bank BRI ATM machines and all ATMs belonging to the Link and ATM Bersama networks. Bank BRI is launching three types of “BritAma PrimeCards” – “Classic,” “Gold” and “Platinum.” Each card will be distinguished through the amount for opening deposit, minimum balance and ATM and POS transactions limits per day. The “Platinum” card offers preferential treatment at all Bank BRI branches and access to the executive airport lounges in selected cities in Indonesia. Currently, MasterCard has 2.9 million cards-in-force in Indonesia, producing $1.3 billion in gross dollar volume. In March, Croatia’s Hypo Alpe-Adria Bank launched an unembossed “MasterCard Electronic BusinessCard.”