Japanese electronic settlement and other agency industries (API/EPS) with EPIESP license

This is the registration system for electronic settlement and other agents under the Banking Law., Mainly involves the transfer of payment instructions and account information services between banks and users, Not a transfer of funds, A general license for stablecoins or general financial services.

Can refer toJapan(API/EPS)Supervision and application information from competent authorities, Check corresponding systems and processing information.

API service passes user instructions to the bank, The corresponding payment is processed by the bank; Receiving funds and executing remittances on your own may involve other systems such as the funds movement industry, Should be judged based on actual capital flow.

For specific rules, please refer toJapan Financial Services Agency’s Guidelines for Supervision of Electronic Payment and Other Agent Industries.

Obtaining bank account information and providing users with important business types belonging to this system. Whether it constitutes an agency industry such as electronic settlement, should be combined with the contract, Information acquisition methods and actual service judgment.

The basic business feature of this system is that it does not receive user funds. If the design involves payment collection, Escrow or Remittance, Other licenses should be re-evaluated, API registration is not used as a basis for holding client funds.

The Financial Services Agency’s guidelines for this category indicate that the financial basis requires a net asset value that is not negative., Investment advisory margin cannot be copied, Capital requirements for capital movement business preservation or other licenses. Specific financial certificates are confirmed based on application and actual business.

This type of guidance clearly does not have the same personnel requirements as some other financial systems.. Applicants must still have reliable system and user protection capabilities, Fixed years and CAMS cannot be written as general statutory qualifications.

You cannot judge based on nationality alone. Should be by subject, Business arrangements, supervise, System security and bank cooperation to confirm qualifications, The overseas technical team cannot replace the applicant's actual responsibility for the Japanese business..

The connection range should be, Responsibility allocation, User protection, Accident contact and loss compensation written clearly, and verify the actual security controls of banks and service providers.. Registration does not guarantee that any bank will have to open the API.

APIs for new banks should be re-evaluated, Certification and risk sharing. The security measures undertaken by the original bank may not be provided by the new bank, Financial Services Agency guidelines require attention to this difference in cooperation.

One-time consent cannot be regarded as unlimited authorization. The third party should be clearly identified, Information Categories and Purpose; When the recipient is changed or the original purpose is exceeded, Should be reprocessed in accordance with applicable personal data rules.

Sensitive information such as passwords and tokens should be identified, Use encryption commensurate with risk, Permissions, Logging and retention/destroy controls, Not making full employee access the default configuration.

Assessable outsourcing arrangements, But supplier selection should be implemented, Responsibilities, audit, Redelegation and ongoing supervision. Service providers must be responsible for actual system and user protection, Don’t put all the blame on the cloud provider.

No. This category guides the differentiation of system disorders, Improper money transfer, Miscommunication and information leakage, etc.; Timely reporting and follow-up instructions should be provided based on specific incidents., Do not copy the unified 72-hour numbers of other systems.

Users may still be able to use banking channels directly. Alternate channel reminders should be included in contingency plans, consult, Failure investigation and recovery, All API outages cannot be equated to a complete cessation of banking services.

This derivation is not allowed. Businesses related to electronic settlement methods have independent systems, should be issued, Transactions or processing activities are separately verified, Similar names cannot be considered the same license.

No. Digital wages involve labor authorities specifying and applicable payment/money movement requirements, API registration itself does not replace these procedures. Service providers should be confirmed separately, Fund flow and salary payment arrangements.

No. Registration and subsidies, Visa and investment incentives are under different regimes, Need to meet the conditions respectively. English windows or subsidies for other market access projects cannot be automatically applied to this registration.

Prepare, Bank cooperation, System description, The total time affected by acceptance and replacement. It should be planned according to the specific procedures of the competent financial bureau., There is no guarantee of unification within three to six months or the launch date of a certain bank interface..

You can select "electronic decision-making and other agents" from the Financial Services Agency's list of financial institutions., Compare entity names and registration information. Electronic settlement means and other trading operators are another column, Should not be confused.

Financial Services Agency guidance focuses on system and user protection arrangements as business expands. New services, When certification changes or bank cooperation, Risk assessment should be redone, test, Responsibility assignment and information update.