METI to Convene Study Group for Measures for Preventing Unauthorized Use of Credit Card Information Wrongly Leaked during QR Payment
December 28, 2018
Recently, some businesses that utilize QR payment were the cause of the unauthorized use of customer credit card information. Against this backdrop, the Ministry of Economy, Trade and Industry (METI) will convene a study group under the Payments Japan Association as an opportunity for stakeholders to hold discussions on countermeasures against such unauthorized use. Based on the discussion results, the study group will formulate guidelines for such countermeasures by the end of March 2019.
Recently, unauthorized use of customer credit card information, occurred after they used QR payment services through their smartphones.
As a countermeasure against such unauthorized use, the businesses utilizing QR payments immediately introduced a measure that set an upper limit on the number of times that users may input the security code in registering their credit cards. However, it was found that the unauthorized users in many of the cases registered credit card numbers, expiration dates and security codes that they had illegally acquired on the black market with the QR payment services. This highlighted that such businesses needed to take new measures to prevent the unauthorized use of customer credit card information.
2. Outline of the study group
To hold cross-sectoral discussions on measures for preventing such unauthorized use, METI will convene a study group under the Payments Japan Association, bringing together businesses that utilize QR payment services, credit card companies and other entities as members. The study group will develop security standards that should be observed by businesses that utilize QR payments.
The study group will start its meetings in the beginning of 2019 and will formulate guidelines for such countermeasures by the end of March 2019 in collaboration with the Credit Transaction Security Council.
3. Future release of related information
The study group’s secretariat will release related information on the website below:
Division in Charge
Consumer Affairs, Distribution and Retail Industry Division, Commerce and Service Industry Policy Group