TOKYO - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd. ("JCB"), will open an office in Silicon Valley under its subsidiary in the United States, JCB International Credit Card Co., Ltd. ("JCB USA") on November 1. Opening an office in a location which is one of the origins of next-generation infrastructure technologies will enable JCB to keep up with the trends and develop strategic direction in cooperation with the world's largest high-tech corporations.
World payment markets are undergoing major changes in consumer lifestyle and payment scenarios with the rapid spread of information technology and mobile devices. Leading information technology companies and ventures are developing an increasing number of revolutionary new technologies and services that creating dramatic changes in the payment card business environment on a global scale, including the spread of cashless payment and the commercialization of leading edge technologies.
Jun-ichi Minowa, Executive Vice President, Business Design & Development of JCB commented, "JCB does ongoing surveys of leading edge technologies to build infrastructure that enables people to use convenient and secure payment services. In addition to research and development in the newest infrastructure technologies, we are also aiming to look at infrastructure even further ahead. Our new Silicon Valley office will enable us to incorporate the latest technology and develop new services in cooperation with enterprises in America and strengthen our existing business".
JCB is a global payment brand and a 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 about 29 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 19 countries and territories, with more than 89 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 card-member base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. More information about JCB is also available on the website: www.jcbcorporate.com/english
Note: JCB statistics are as of the end of March 2015.
JCB International Co., Ltd.
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