Card Complete to Start JCB Merchant Acquiring in Austria

Wednesday November 14 7:17 PM

"JCBI has been directly acquiring JCB merchants for the convenience of its cardmembers in Austria, most of whom were from Japan", said Mr. Thomas Heigl, General Manager of JCB International (Austria) GmbH. "As tourism demand becomes more multifaceted and the JCB cardmember base outside Japan grows, however, travel destinations have become diversified from major sightseeing areas to provincial cities across the country. To respond to the fast changing tourist trends and customer needs, JCB and JCBI last year began to shift from direct merchant acquiring to licensee partnerships with acquirers in Austria".

Mr. Heigl also commented that Austria is a popular destination for Japanese travelers. "Austria is now expected to greet a large number of visitors from Japan for the year 2009, as we enter the 140th year of diplomatic ties between the two countries. To celebrate this, a lot of special events are scheduled, and cultural and economic interaction between these two are expected to be enhanced".

"In addition to my confidence that this new strategic partnership with card complete, a major player in Austria's acquiring market, will certainly bring our cardmembers greater convenience, I believe card complete's merchants will also benefit from those cardmembers of JCB's solid base in Asia traveling to this country", Mr. Heigl added.

About card complete Service Bank AG

Card complete Service Bank AG is the new name of VISA Service Kreditkarten AG. With more than 1,000,000 card-members and nearly 100,000 merchants, it is a major company on the market. Card complete AG is a full-integrated Austrian complete range service provider, offering all elements of cashless payment from one source, from product development and POS-terminals to payment solutions. With 22 years' experience in a leading market role, card complete is now issuing VISA, MasterCard and Maestro in Austria

About JCB Co., Ltd.

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 overseas in 1981. Its merchant network includes 13.5 million merchants and spans 190 countries and territories. JCB cards are now issued in 19 countries and territories, with more than 55.75 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 .

Source: JCB Co., Ltd.

Contact:

Kazumi KINOSHITA / Tomomi SAKAE
Brand Promotion & Strategic Alliances Group
International Strategy Planning Department
JCB Co., Ltd.
+81-3-5778-8390
kazumi.kinoshita@jcb.co.jp / tomomi.sakae@jcb.co.jp

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