Compilation of an Action Plan for the Strengthening of Measures for Security in Credit Card Transactions(METI)
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Compilation of an Action Plan for the Strengthening of Measures for Security in Credit Card Transactions -Development of an Environment for Credit Card Transactions to Meet Global Standards-

On February 23, 2016, to develop an environment which ensures security in credit card transactions meets global standards, an action plan in which specific goals to be achieved by 2020 and the responsibilities of each relevant entity were set forth gained approval at a meeting of the Council on Measures for Security in Credit Transactions (Secretariat: the Japan Consumer Credit Association (JCA)).

1. Background

Shopping with credit cards plays an extremely important role in modern lives of consumers as it increases the frequency of consumer purchases and facilitates payments. Therefore, it is important to ensure security and peace of mind in credit card transactions.

Leaks of card information and the fraudulent use of credit cards using forged or stolen cards or through impersonation in electronic commerce (EC) harms all of society due to the large number of credit card owners and parties involved in credit card transactions. Therefore, business operators involved in credit transactions need to improve the safety of credit card transactions and consumer confidence by voluntarily working on the aforementioned issues.

Therefore, to develop an environment which ensures security in credit transactions meets global standards in preparation for the 2020 Summer Olympic Games and Paralympic Games in Tokyo, the Council on Measures for Security in Credit Transactions was established, composed of credit card companies and a wide range of business operators involved in credit transactions and the Council has formulated an action plan in which set various matters including specific goals and efforts to be made by each relevant entity.

2. Outline of the action plan

1) Protection of card information

Before 2020, with a view to appropriately protecting card information, measures are to be taken to prevent retailers from storing card information. At the same time, measures to have business operators holding such information conform to the PCI-DSS (Payment Card Industry Data Security Standard) international standard for data security are to proceed.

2) Measures for the prevention of card forgery

The goal is to have all credit cards and point of sale (POS) terminals at member retailers support chip cards by 2020. To achieve this goal, measures including the formulation of operational rules for transactions using chip cards and the reduction of the costs necessary to install POS systems that support chip cards are to proceed.

3) Measures against fraudulent use of credit cards in EC

Multi-faceted and multi-layered measures for the prevention of the fraudulent use of credit cards are to be introduced by member retailers dealing with EC transactions, in order to minimize the damage caused by the fraudulent use of credit cards in EC.

Release date

February 23, 2016

Division in Charge

Commerce Supervisory Division, Commerce, Distribution and Industrial Safety Policy Group, Commerce and Information Policy Bureau

Last updated:2016-02-29
Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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