Tokyo, Japan and Paris, France on September 14, 2016 - JCB International (JCBI) and Caisse Fédérale de Crédit Mutuel (CFCM) announced today the successful deployment of JCB card acceptance for the merchant portfolio of Credit Mutuel-CM11 group and CIC in France.
The inaugural event between the two companies has been kindly welcomed by the Petit Bateau store located in the Avenue des Champs Elysées in Paris.
Beginning from July 2016, merchants who have a payment acceptance agreement with CIC or Credit Mutuel-CM11 group can now choose to participate in the opportunity to develop their cross-border turnover, principally derived via customers coming from Japan, Asia-Pacific (including China, S. Korea, Taiwan), and Russia. Many such merchants have already expressed a high interest in the newly offered service, with more than 90% of proposed merchants opting to accept JCB cards.
In adding the acceptance of JCB cards at Credit Mutuel-CM11 group and CIC merchants throughout France, CFCM is reinforcing its position as the leading French acquirer by volume of transactions. Credit Mutuel-CM11 group and CIC benefit from a SEPA-wide acquiring license, which allows JCB to become a method of payment inside France and in the euro zone. The number of Asian tourists in France is expected to grow exponentially, and merchants will therefore benefit from the strong purchasing power of JCB cardmembers; supported by the unique services and advantages JCB provides.
JCBI has been increasing its presence in Europe through merchant network expansion and has established a solid card acceptance network in France for the past 30 years. It also operates the JCB PLAZA and JCB PLAZA Lounge customer service desks in the center of Paris, which jointly provide JCB cardmembers with multiple services, including reservation and sightseeing information. The partnership with CFCM significantly broadens JCB card acceptance in France for both tourists and business customers, making cardmembers feel more comfortable in using their cards.
Mr. Toru Yamaguchi, EVP, JCBI Head of Sales and Marketing HQ / Americas & EMEA commented, “We are pleased at the launch of JCB card acceptance at merchants of CFCM, one of the most prestigious French acquirers. As the number one tourist country in the world, France has been and continues to be a strategically important country for JCBI. Enhanced card acceptance will bring more benefits and convenience to JCB cardmembers. We look forward to working closely together to better serve our cardmembers, merchants and business partners”.
Mr. Claude Brun, Director of Payment Solutions at Crédit Mutuel – CIC Group declared, "The deployment of JCB Card acceptance strengthens our position as the leading acquirer in Europe. We are proud to allow all Credit Mutuel-CM11 group and CIC merchants to develop their business by accepting every major international payment card. This will enable our merchants to attract more and more foreign tourists with high purchasing power in France”.
JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes approximately 30 million merchants and over 1 million cash advance locations in 190 countries and territories. JCB cards are now issued in 21 countries and territories, with more than 95 million card members. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality services and products to all customers worldwide.
For more information, please visit: www.jcbeurope.eu
Caisse Fédérale de Crédit Mutuel is a leading European bank, acknowledged for its financial strength and the quality of its ratios. Retail banking is the heart of its business. It brings together the branches affiliated to Fédérations de Crédit Mutuel Centre Est Europe, Sud-Est, Ile-de-France, Savoie-Mont Blanc, Midi-Atlantique, Loire-Atlantique et Centre-Ouest, Centre, Normandie, Dauphiné-Vivarais, Méditerranéen and Anjou.
As a Mutual bank, it turned to bank assurance in the early 1970's and has diversified to other activities (e.g. telephony, remote surveillance etc.). Technological expertise has always been central to its development strategy and has sustained Crédit Mutuel-CIC Group as a leading European player in the payment solutions sector.
For more information, please visit: www.creditmutuel.fr
Holding and network bank in the Paris region, CIC federates five regional banks and specialized subsidiaries in all financial trading operations - retail banking, corporate banking, market activities, private banking and capital development and insurance. Present in France and abroad, it benefits from the strength of its parent company, Crédit Mutuel, and strongly connects with its customers, individuals and professionals by building trustful relationships based on the quality of its products and services. With its commitment to the service of the economy, the society and the environment via strong corporate governance, CIC acts as a responsible bank, serving and respecting human beings.
For more information, please visit: www.cic.fr