MasterCard has certified AEON Bank, a subsidiary of AEON Financial Service, as the first financial institution in Japan to deploy ATMs that support EMV chip card transactions.
The EMV-compliant ATMs offer enhanced security for foreign-issued debit and credit cards.
EMV is the international standard for IC chips used in payment card transactions. It ensures high security by encrypting the card information read and transmitted by ATMs and other terminals.
Eileen Simon, chief franchise integrity officer at MasterCard said: "Aeon quickly recognized the benefits of employing Chip and PIN technology in their ATMs throughout Japan, enabling both Aeon Bank and hundreds of millions of MasterCard and Maestro cardholders access to the newest, most secure method of conducting ATM transactions. We look forward to our continued partnership."
Robert Luton, MasterCard’s division president for Japan, said, "We expect this certification to provide extra momentum for the rapid deployment of EMV chip cards in Japan. MasterCard is committed to developing and promoting advanced technologies that ensure safer transactions and enhance consumer confidence."
AEON Financial Service’s EVP Masao Mizuno said: "We believe foreign visitors will appreciate the convenience, easy access and now the extra security of our ATMs in places such as airports, train stations and especially our AEON shopping malls. We will continue to explore opportunities to offer increasingly secure, convenient and rewarding financial services."