Organization that provides information to merchants or other businesses concerning the creditworthiness of their customers. Credit bureaus may be private enterprises or may be operated on a cooperative basis by the merchants in one locality. Users of the service pay a fee and receive information from various sources, including businesses that have granted the customer credit in the past, public records, newspapers, the customer's employment record, and direct investigation.
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Japan Credit Bureau, usually abbreviated as JCB, is a credit card company based in Tokyo, Japan. Its English name is JCB Co., Ltd. (株式会社ジェーシービー). The abbreviation is sometimes thought to stand for Japan Commerce Bank, but this is incorrect.
Founded in 1961, JCB established dominance over the Japanese credit card market when it purchased Osaka Credit Bureau in 1968 and its cards are now issued in 20 different countries. Fifty-nine million JCB cardmembers worldwide use their cards to purchase over of goods and services annually in 190 countries worldwide. JCB also operates a network of membership lounges targeting Japanese, Chinese, and Korean travelers in Europe, Asia, and North America.
In the United States, JCB is accepted primarily at businesses concerned with travel and hospitality (such as airlines, car rental companies, and hotels), but increasingly also at businesses such as department stores, gas stations, and Japanese specialty retailers such as Mitsuwa and Marukai. JCB accounts in the U.S. are issued by JCBUSA.
Additionally, on August 23, 2006, JCB announced an alliance with the Discover Network. The two companies have signed a long-term agreement that will lead to acceptance of Discover Network brand cards at JCB point-of-sale terminals in Japan and of JCB cards on the Discover and PULSE networks in the U.S. This partnership is expected to be fully operational by 2008. As of October 12, 2007, JCB Cards will be accepted anywhere Discover Network Cards are accepted in the United States, Puerto Rico, Guam, and the Northern Mariana Islands.