Misplaced Pages

JCB (credit card company)

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
International credit card company based in Japan This article is about the credit card company. For the construction equipment company, see JCB (heavy equipment manufacturer).
This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources.
Find sources: "JCB" credit card company – news · newspapers · books · scholar · JSTOR (June 2019) (Learn how and when to remove this message)
JCB Co., Ltd.
JCB Headquarters (Aoyama Rise Square, Minato-ku, Tokyo)
Native name株式会社ジェーシービー
Company typePrivate
IndustryFinancial services
Founded1961; 64 years ago (1961)
HeadquartersMinato, Tokyo, Japan
Area servedWorldwide (select regions)
Key peopleIchiro Hamakawa (浜川 一郎)
(Executive director)
ProductsPayment systems
Credit cards
Number of employees4,389 (2022)
Websitewww.global.jcb/en/

JCB Co., Ltd. (株式会社ジェーシービー, Kabushiki gaisha jē shī bī), formerly Japan Credit Bureau, is a credit card company based in Tokyo, Japan.

History

Japan Credit Bureau was founded in 1961 by Sanwa Bank (now MUFG Bank) and Nippon Shinpan (now Mitsubishi UFJ NICOS), as the country's second credit card issuer and payment network after the Japanese branch of Diners Club International. JCB firmly established itself in the Japanese credit card market after purchasing, and then absorbing, Hokkaido Credit Bureau and Osaka Credit Bureau in 1968. As of 2020 its cards are issued to 130 million customers in 23 countries. JCB also operates a network of membership airport lounges for holders of their Platinum Cards issued outside Japan.

JCB cards are issued in 24 countries. In most of these, JCB is affiliated with financial institutions to issue JCB-branded cards.

In the United States, JCB is not a primary credit card network such as Visa or MasterCard. While the brand was primarily accepted by tourism-related businesses such as airlines and car rental companies, it gained wider acceptance in 2006 when JCB announced an alliance with Discover Network. The two companies signed a long-term agreement that led to the acceptance of Discover Network brand cards at JCB point-of-sale terminals in Japan and of JCB cards on the Discover network in the U.S. This partnership became operational in 2011.

Local JCB accounts in the United States were issued by JCB USA, and offered to residents of California, Connecticut, Illinois, New York, New Jersey, Oregon, Washington and Hawaii. JCB USA stopped issuing JCB cards in the American market on January 8, 2018, and closed all current consumer credit card accounts on April 30, 2018. Foreign JCB cards continue to work through the Discover network partnership.

References

  1. "Corporate overview". JCB. Retrieved 5 June 2020.
  2. "Why JCB?". JCB. Retrieved 5 June 2020.
  3. "JCB Platinum Airport Lounge Service". JCB. Retrieved 5 June 2020.
  4. "Using Your Discover card in Asia". Discover. Archived from the original on April 4, 2015.
  5. "Apply for a JCB card". JCB USA. Archived from the original on January 17, 2013.
  6. "FAQs for Service Discontinuation of JCB Card" (PDF). JCB USA. Archived from the original (PDF) on September 6, 2018.

External links

Credit, charge and debit cards
Major cards
Regional and
specialty cards
Defunct cards
Accounts
Debt
Interest
Payment
Interchange
Interbank networks
Security
Technology
Banking
Categories: