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| Thursday, 16 August 2012, 16:00 HKT/SGT | |
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Source: JCB | |
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Tokyo/Cologne, Aug 16, 2012 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, the only global payment brand based in Japan and Bank-Verlag GmbH (Bank-Verlag), a subsidiary of Bundesverband deutscher Banken e.V. (BdB) in Germany, today announced the execution of a Master Issuing License Agreement.
Bank-Verlag provides card processing services for German private and commercial banks under Bundesverband deutscher Banken e.V. (BdB) and key managing services to all German banks and European project partners. With the Master Issuing License Agreement in place, Bank-Verlag is now able to offer the banks the ability to issue girocard - JCB co-badged cards.
Since 1981, JCB and JCBI have been expanding JCB card acceptance locations across Europe to increase convenience for JCB cardmembers. Currently, JCB is accepted at 22 million merchants worldwide including a few million merchants in Europe developed through alliances with European partner banks and financial institutions for merchant acquiring.
"This is a firm step toward launch of the girocard - JCB co-badged card in the German market, following our frame agreement with the German Banking Industry Committee executed in October last year", said Mr. Kimihisa Imada, Deputy President of JCBI. "We are pleased to have the opportunity to provide value to German consumers in the form of another choice of payment and to offer JCB business partners much larger business opportunities with volumes generated by German cardmembers."
"Signing the Master License Agreement with JCB has paved the way for an easy and efficient issuing of girocard-JCB co-badged cards in Germany", added Mr. Henrik Langen, Managing Director of Bank-Verlag GmbH. "We are pleased that with this agreement we will be able to offer private and commercial banks in Germany the entire infrastructure to issue JCB card products."
As a next step, JCB and Bank-Verlag are planning a pilot project for girocard-JCB co-badged card issuing in early 2013. JCB is looking forward to building new alliances with leading banks and business partners to further expand both the JCB cardmember base and card acceptance network across Europe, providing better convenience and services to JCB customers around the world.
About Bank Verlag
Bank-Verlag is a subsidiary of Bundesverband deutscher Banken e.V. (BdB) and offers specialized banking services aimed at private and commercial banks; with its broad portfolio of IT services, such as card issuing and processing services, electronic banking and clearing services, Bank-Verlag offers customized solutions that meet the highest security standards and are based on state-of-the-art technology. Bank-Verlag is furthermore a central European switch and gateway with connections to international players.
About JCB
JCB is a major global payment brand and leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 22 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 16 countries and territories, with more than 77 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, visit: www.jcbcorporate.com/english .
Note: JCB statistics included in About JCB are as of the end of March 2012.
Contact:
JCB International Co., Ltd.
Corporate Planning Department
Ms. Ayako Tanaka
Ayako.tanaka@jcb.co.jp
Mr. Masayasu Okada
Masayasu.okada@jcb.co.jp
+81-3-5778-8390
Bank-Verlag GmbH
Wendelinstrae 1
50935 Kln
Germany
Mr. Christoph Tht
Christoph.Thoet@Bank-Verlag.de
Ms. Christina Dahl
Christina.Dahl@Bank-Verlag.de
Topic: Press release summary
Source: JCB
Sectors: Cards & Payments
http://www.acnnewswire.com
From the Asia Corporate News Network
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