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JCB Adopts "MiMORiTH™," a Credit Card Fraud Countermeasure Platform Provided by NTT DATA

NQ Score 50/100

AI Summary (NQ-processed)

JCB and NTT DATA have partnered to prevent credit card fraud, with JCB becoming the first user of NTT DATA's new "MiMORiTH™" platform. Launched on March 23, 2026, the service enables financial institutions to identify fraud risks early and proactively mitigate potential losses.

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Frequently Asked Questions

Q: What is the name of the fraud prevention platform launched by NTT DATA on March 23, 2026?
A: The fraud prevention platform launched by NTT DATA on March 23, 2026, is called MiMORiTH™, pronounced Mimoris, designed to proactively counter credit card fraud.
Q: Which company became the first user of NTT DATA's MiMORiTH™ platform and why?
A: JCB Co., Ltd. became the first user of NTT DATA's MiMORiTH™ platform to enhance its ability to detect early signs of fraud and reduce risk before damage occurs.
Q: What percentage of credit card fraud cases in Japan involve unauthorized use of card numbers according to the Japan Credit Association?
A: According to the Japan Credit Association, unauthorized use of card numbers accounts for 90% of credit card fraud cases in Japan since 2023.
Q: How much financial damage has credit card fraud caused annually in Japan since 2023?
A: Credit card fraud has caused over 50 billion yen in annual financial damage in Japan since 2023, according to data from the Japan Credit Association.
Q: What types of existing fraud countermeasures has JCB implemented prior to adopting MiMORiTH™?
A: Before adopting MiMORiTH™, JCB implemented identity verification during payments, system-based fraud monitoring, stopping shipments after fraud detection, and card suspension or reissuance.