Engaging in a deferred payment transactions business which entails giving credit to consumers by issuing A business operator which concludes contracts to allow merchants to process credit card numbers, etc. for grained adjustment of insurance premiums based on data, telematics-based insurance, and other use of data to calculate insurance premiums after the insurance policy has been entered into. The use of big data and other data is considered complementary with actuarial calculations, which use statistical data. If a service constitutes an insurance business, an insurance business license is in principle required to offer that service, though if the insurance proceeds are low-value and the insurance term is short, registration as a small amount and short-term insurance business may be possible. credit cards (limited to those for which payment of the amount equal to the price, etc. of goods or services purchased is received from the consumer two months after the purchase or later) requires registration as a Comprehensive Credit Purchase Intermediary (Article 31 of the Installment Sales Act). However, issuing credit cards with a credit limit of no more than 100,000 yen does not require registration as a Comprehensive Credit Purchase Intermediary; registration as a Small-Amount Comprehensive Credit Purchase Intermediary is sufficient (Article 35-2-3(1) of the said Act). The registered Small-Amount Comprehensive Credit Purchase Intermediary category was created with the registration of business operators providing frequent small-amount deferred payment services in mind, reflecting an increase in consumers' use of credit cards for daily shopping, etc., and the requirements that need to be satisfied by a registered Comprehensive Credit Purchase Intermediary have been revised for this category (stated capital and net asset requirements). Further, a registered Small-Amount Comprehensive Credit Purchase Intermediary is allowed to conduct credit screening by methods it has devised for itself, but in order to prevent it from granting excessive credit, a registered Small-Amount Comprehensive Credit Purchase Intermediary is required to manage the delinquency rate resulting from such screening. credit card payments (including those for which payment of the amount equal to the price, etc. of goods or services purchased is received from the consumer within two months of the purchase) is required to register as a Business Operator which Concludes Contracts to Process Credit Card Numbers, etc. (Article 35-17-2 of the Installment Sales Act). Basically, such business operators are the issuer/acquirer in an on-us transaction and the acquirer in an off-us transaction. However, in the case where the payment service provider in an on-us or off-us transaction is granted rights related to the merchant contract by the acquirer, and effectively has the authority to make final decisions regarding the execution and termination of the contract, then such payment service provider, rather than the acquirer, is required to register as a Business Operator which Concludes Contracts to Process Credit Card Numbers, etc. These registered business operators are under an obligation to investigate their merchants, and to manage their merchants based on the results thereof, etc. (Article 35-17-8, etc. of the said Act). These regulations are intended to require registered business operators to fulfill the functions of screening and monitoring their merchants against a backdrop of increased leakage and unauthorized use of information by merchants and issues with consumers caused by merchants. Insurance Business k. FinTech has become common in the insurance industry (where it is called InsurTech). This includes fine-l. Registered Comprehensive Credit Purchase Intermediary/Registered Small-Amount Comprehensive Credit Purchase Intermediary m. Business Operator which Concludes Contracts to Process Credit Card Numbers, etc. 52
元のページ ../index.html#58