Chinese Men: Cashless Transactions and Cigarette Cartridges

chinese men: The ministry has judged that Seven & I did not take sufficient measures to prevent access by people using someone else's ID, according to the ministry, according to The Japan Times. The guidelines, formulated by the Payments Japan Association, a body that promotes cashless transactions, requires the operators of mobile payment services to confirm the linkage between the devices of users and apps downloaded on them to prevent unauthorized access. One of two Chinese men arrested on suspicion of attempted fraud paid 730,000 6,750 to buy 146 cartons of electronic cigarette cartridges at a Seven-Eleven outlet in Tokyo using stolen IDs for the new smartphone payment service 7pay, police said Friday. ; The Ministry of Economy, Trade and Industry has determined the operator, Seven & I Holdings Co., failed to strictly follow guidelines to prevent unauthorized access and warned providers of similar services to ensure they confirm the identity of users. The police arrested Chinese nationals Zhang Sheng, 22, and Wang Yunfei, 25, on Thursday and sent them to prosecutors Friday. Wang was responsible for driving the vehicle used by the pair, in which 19 more cartons of e-cigarettes were found, with police suspecting these, too, had been fraudulently obtained by the same means at another store. On Thursday, Seven & I said some 900 customers using the cashless payment service may have lost a total of 55 million after their accounts were hacked. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.