JCB – history and milestones
JCB CO – one of the world’s largest and most reliable payment systems – based in Japan. The company founded almost 60 years ago (in 1961) and quickly achieved a leading position in the credit card market thanks to its integration with the credit institution Osaka Credit Bureau. By 1973, the number of cards issued by the company already exceeded 1 million. At present, JCB issues cards (usually together with affiliated structures) in 23 countries, and they are widely accepted in 190 countries of the world. JCB’s expansion led it to start issuing card in the U.S. in 1989 and in Europe only a year and a half later. After a recent signing of an agreement with several Russian and Belarusian banks, the total number of cards is approaching 107 million.
JCB – operations scale
JCB carries out all its international operations through its subsidiary International Credit Card Co. and its Ltd. network. JCB credit cards are accepted by hotels, airlines, car rentals, and Apple stores. JCB card owners can also use it to pay in supermarkets, at gas stations, and in retail stores; withdraw money in ATMs and cash counters in banks, as long as they carry the JCB or Cirrus log. Tourists in the Americas, Europe, and Asia can get free wifi access using their JCB cards.
JCB – international partnerships
While based in Tokyo, JCB is actively seeking to enter markets in various countries, where it successfully competes with such well-known systems as Visa, Discover, MasterCard, and American Express. An official partnership between JCB and American Express starts since 2000.
This alliance has allowed both JCB and American Express expand their respective networks, especially in popular vacation hubs. At the same time, JCB pursued a reduction in operational costs. Even though its consumer card program – JCB USA – discontinued in spring’2018, its foreign-issued credit cards still circulate across the country thanks to the long-term partnership with Discover Network.
According to the partnership terms, JCB cards accepted wherever Discover is active, and vice versa. Over 7 million stores and venues in the US currently accept JCB cards.
In 2003, JCB starts working with the Chinese alliance China UnionPay Co., and two years later, the two companies signed an agreement to establish and ATM chain accepting Chinese cards in Japan.
In Russia, JCB was unable to issue its cards there until 2015 due to a lack of license. Alfa-bank became the first member of the JCB payment system on Russian soil, and once the Tokyo-based company obtained a license from the Central Bank of Russia, several credit organizations embarked on emitting its cards. At present, holders of MIR-JCB cards have full access to the JCB infrastructure, which ensures the processing of Russian MIR cards abroad.
JCB brand – special features
Several types of MIR-JCB cards are issued by the Russian Gazprom bank. Apart from the standard client card, they include:
- Student cards (JCB J-1);
- Cards aimed at the female clientele (JCB Ladies Card);
- Traveller cards (JCB Grande), which allow access to free medical services across the coverage area;
- Premium cards (JCB Gold, JCB Class, JCB Nexus), that provide discounts, extras, and other benefits.
According to statistical data, JCB card holders spend over $200 billion annually on goods and services. JCB cards are accepted by 33 million venues in over 200 countries, which places JCB third among all payment systems in terms of its global network size. These figures are a good reason to use JCB services and use your card to top up your account in the Win Rate casino!