New regulations

Registered Electronic Settlement Agency Service

The discussions and initiatives laid out here were undertaken by Japan's financial industry, these were compiled and fed into Act for Revision of the Banking Act, in May 2017. Definition of Electronic Settlement Agency Service (ESAS) in the Banking Act At the direct or indirect request of a person who holds a deposit account at a bank (account holder), instructing or intermediating the request to transfer funds via an electronic data processing system; or At the direct or indirect request of an account holder (including those who hold an installment saving account), acquiring information ...
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