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Mizuho Bank moves up IC chip checks against fraudulent accounts

Original: みずほ銀行

Japanese financial institutions, including Mizuho Bank, are moving forward the introduction of IC chip verification when opening accounts, in an effort to prevent fraudulent account openings. NHK reports banks are accelerating plans to require chip-embedded cash cards at account creation, a step aimed at stopping criminals from opening accounts with fake or stolen identities.

Why now: Banks pulling forward IC chip verification reflects growing concern over fraud accounts and scams in Japan.

Mizuho BankNHKJapanese banks

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