late fee
A late fee represents a charge incurred when payment is not completed by a set due date.
glossary
Glossary of terms commonly used in the Wallet
Terms in Credit/Debit Card Terms
35 Information
phishing
Phishing is a method of stealing personal information, such as credit card numbers, passwords, and account information, by sending an email pretending to be from a financial institution and inducing the recipient to click on a URL on the site, which is then used as a fake site pretending to be from that financial institution.
double card
A double card is a type of credit card issued in partnership between a credit card company and a retailer such as a supermarket, and is also called a co-branded card. The issued double card can be used not only at the affiliated stores, but also at any card participating stores nationwide.
fixed revolving
A method of limiting the amount of payment to a certain amount each month for payments such as credit card payments is called revolving. For example, if the terms of a revolving payment are set at 100,000 yen per month, a purchase of a 300,000 yen product would result in a payment of 100,000 yen for three months.
deposit
A deposit is a bond or security payment. It may be paid at the beginning of the service, or it may be included in the purchase price of the goods. Since it is a deposit, it is refundable at the end of the service or when the goods are returned.
security code
The security code is the last three digits of the seven digit number printed on the signature line on the back of a credit card. The role of the security code is to increase security by preventing unauthorized use or identity theft by third parties.
3D Secure
3D Secure is an authentication system developed by VISA International for secure credit card transactions over the Internet. 3D Secure is used by VISA, MasterCard, and JCB, and is collectively called 3D Secure, although the name differs for each brand.
skimming
Skimming is the act of obtaining unauthorized information from another person’s credit card or cash card and using a counterfeit card made from that information to illegally withdraw cash.
sales on credit
Sales on credit refers to the process of checking a consumer’s credit report and paying for the purchase based on the circumstances. When you apply for a purchase using sale on credit, you then pay the amount in installments.
shopping insurance
Shopping insurance is an insurance policy that provides coverage for items purchased with a credit card if they are damaged or stolen. It is a type of automatic credit card coverage, which means that you are automatically insured when your card is issued.
maximum interest rate
The maximum interest rate is the upper limit of the lending interest rate set by law. The two most common laws that stipulate the maximum interest rate are the Interest Rate Restriction Act and the Capital Subscription Law.
automatic insurance
The insurance service that comes with a credit card when it is issued is called supplementary insurance. The card issuer is the policyholder and the cardholder is the insured, and this service is provided as a benefit when signing up for a credit card.
pre-authorization
Pre-authorization is the act of obtaining permission in advance to use an amount in excess of the credit card’s established limit. Once pre-authorization is obtained, the amount exceeding the credit limit can be used. This is mainly used for high-cost purchases and overseas travel.
surcharge
A surcharge is money that is added to a certain amount. For example, you may be asked to pay a surcharge when you purchase an item with a credit card.
signatureless system
A signatureless system is a system that allows customers to make purchases with credit cards without verification of their identity by signature.
concierge
Concierge is a support service available with Platinum and higher cards. It can respond to many requests such as hotel reception, tourist information, and airline ticket and ticketing arrangements. The service is available 24/7, so you can use it anytime.
gold card
A gold card is a card with a higher grade of service than a regular credit card. The card is called a gold card because of its gold-colored face.
corporate card
A corporate card is a credit card for corporations, especially for large companies. Similarly, corporate credit cards, also called business cards, are for small and medium-sized companies and sole proprietors.
Personal Credit Information Center
The Personal Credit Information Center is an organization that records and manages personal credit information in order to facilitate consumer credit. Personal credit information includes one’s attributes, credit card and cash advance contract status, and transaction status such as borrowing and repayment.
credit history
Credit history is the history of credit card usage registered with credit bureaus. In general, personal identification information such as name and gender, and contract details such as contract date and product name are registered.