Contact: Deb Montner, 1-203-226-9290, dmontner@montner.com
JCB Cooperates with China Minsheng Bank to Launch
Credit Card with China Eastern Airlines:
Further enhancing JCB co-brand program in China
Tokyo, June 4, 2009 – JCB, the only international payment brand based in Japan, and its international subsidiary JCB International (JCBI) today announced that China Minsheng Banking Corp., Ltd (CMBC) has launched the JCB branded “CMBC - CEA Credit Card” in cooperation with China Eastern Airlines Corporation Limited (China Eastern Airlines).
Since 1982, JCB and JCB International have been expanding JCB card acceptance in China to increase convenience for JCB cardmembers. Currently JCB has alliances with eleven partner banks and financial institutions for merchant acquiring, and approximately 80,000 merchants now accept JCB cards.
JCB card issuing to consumers in China has also been expanding to meet the growing needs of the market for international credit cards. As of June 1, 2009, seven banks (Bank of China, Bank of Shanghai, China Everbright Bank, China Merchants Bank, Shanghai Pudong Development Bank and China Minsheng Banking Corp., Ltd., and Ping An Bank Co. Limited) have already launched JCB brand credit card issuing programs, and the cardmember base is more than two million in the country.
During CMBC’s development of the co-brand credit card with China Eastern Airlines, JCB provided the issuing bank with the expertise it has accumulated in the Japan credit card market, responding to CMBC and China Eastern Airlines’ need to strengthen service to customers through a credit card. JCB and JCBI are expanding partnerships for JCB brand card issuing with Chinese financial institutions by strategically utilizing the knowledge, skills and network built over 40 years in the credit card business, and are committed to developing and providing high-quality service to meet the diverse needs and lifestyles of China’s consumers.
The new CMBC - CEA Credit Card combines CMBC credit card services and the China Eastern Airlines mileage program, and also enables cardmember access to JCB global network and services, for an international card that earns China Eastern Airlines miles when used to purchase air tickets. The CMBC - CEA Credit Card has a lineup of standard, gold, and platinum card types. This is the first JCB branded platinum card to be issued in China.
CMBC - CEA Credit Cards
Platinum ---- Gold ---- Standard
Download from: www.montner.com/JCB/JCB_CMBC_CEA.jpg
About JCB JCB is a major global payment brand and leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding overseas in 1981. Its acceptance network includes 12.76 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 19 countries and territories, with more than
60.2 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, visit: www.jcbcorporate.com/english. Note: JCB statistics included in About JCB are as of the end of September 2008.
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