In today’s CardFlash News Que: B2 (Chase); JCB (Malaysia); FIT PAY (wearables); and WIRECASH (Cuallix).
The 14th JCB World Conference held in Bali this week was a smash hit. Approximately 510 people from about 200 partner companies and financial institutions in 32 countries and territories participated in the conference.
Pakistan’s Bank of Khyber (BOK) and JCB have inked an agreement for the issuance of JCB Debit Cards. The Bank of Khyber is a provincial government bank owned by Government of Khyber Pukhtunkhwa and based in Peshawar, Pakistan, presently with 119 branches all over the country.
Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData. Forecaster RAM Research’s CAGR Corner computes JCB’s compound annual growth rate (CAGR) at 18.01%
Hanoi-based Bank for Investment and Development of Vietnam Joint Stock Company (BIDV) has started accepting JCB card in Vietnam. BIDV becomes JCBI’s 10th partner financial institution and provides card acceptance at their 15,000 accepting locations to all JCB cardmembers issued in Vietnam as well as 16 other countries out of Vietnam.
Yangon-based Myanmar Payment Union (“MPU”), the national payment network of the Republic of the Union of Myanmar has inked a deal for MPU member banks in Myanmar to issue MPU/JCB co-branded cards linking to their customers’ saving bank accounts.
Tokyo-based JCB is entering the prepaid world after signing onto a joint development program with Austin, TX-based Rev Worldwide. JCB has issued cards in 17 countries and regions, and has partnered with more than 350 domestic and foreign banks.
China Construction Bank (CCB), a major commercial bank in China, is launching Japan Traveling Credit Card with JCBI targeting Chinese who travel to Japan. CCB will start issuing the new card later this month.
FIME secure-chip testing locations are now accredited to deliver testing services for JCB’s J/Speedy mobile, and contact and contactless, products. FIME’s Global test tool is available for purchase as an off-the-shelf product for in-house pre-certification testing. Using FIME’s services to test JCB’s J/Speedy products enables mobile handset, USIM and dual interface card manufacturers to confirm that the application layer of their products meets the requirements laid out by the payments system for all forms of contactless payment.
Centre Des Monuments Nationaux (CMN), which conserves and restores historic monuments in France has inked a deal with JCB International (JCBI). The partnership will support the CMN’s development of digital tools for the iconic World Heritage sites such as the Arc de Triomphe and Villa Cavrois, which will open its doors in June 2015.
Former top executive of Mitsubishi UFJ Financial Group joins JCB and is named President and CEO. Ichiro Hamakawa joined JCB in an advisory capacity in May 2014 and was named President and CEO on June 26. He was also named Vice Chairman of JCBI the international operations subsidiary of JCB.
The Bangladeshi people are getting two new credit cards. Prime Bank and JCB International have partnered to launch the first JCB card in Bangladesh. Prime Bank will now issue the JCB credit and debit card to the Bangladeshi people who can enjoy JCB’s global merchant network with over 26 million acceptance locations.