is a Japanese

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

. It is a subsidiary of Seven & I Holdings Co., Ltd. (parent company of

7-Eleven 7-Eleven, Inc., stylized as 7-ELEVE, is a multinational chain of retail convenience stores, headquartered in Dallas, Texas. The chain was founded in 1927 as an ice house storefront in Dallas. It was named Tote'm Stores between 1928 and 1946. A ...

Japan and

Ito Yokado is a Japanese general merchandise and department store, originally founded in 1920. In 2005, it was reorganized, as part of a corporate restructuring, as a subsidiary of the Seven & I Holdings Co. As of March 2013, there are 178 Ito-Yokado ...

). Until October 11, 2005, it was , taking its initials from Ito Yokado. Conducting its business primarily through the

Internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...

, IY Bank has

automatic teller machine An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fund ...

s in 7-Eleven convenience stores and Ito Yokado general-merchandise stores in Japan, and on April 27, 2005, opened its first branch with live staff. Customers with accounts at certain banks can process transactions at IY terminals at no cost; IY collects a handling fee from customers at other banks. Seven Bank began accepting foreign-issued ATM and credit cards in June 2007. Cards with

Visa Visa most commonly refers to: *Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Visa Plus, an interbank network *Travel visa, a document that allows ...

Plus Plus may refer to: Mathematics * Addition * +, the mathematical sign Music * ''+'' (Ed Sheeran album), (pronounced "plus"), 2011 * ''Plus'' (Cannonball Adderley Quintet album), 1961 * ''Plus'' (Matt Nathanson EP), 2003 * ''Plus'' (Martin Ga ...

American Express American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...

Discover Discover may refer to: Art, entertainment, and media * ''Discover'' (album), a Cactus Jack album * ''Discover'' (magazine), an American science magazine Businesses and brands * DISCover, the ''Digital Interactive Systems Corporation'' * Di ...

, JCB,

Diners Club A diner is a small, inexpensive restaurant found across the United States, as well as in Canada and parts of Western Europe. Diners offer a wide range of foods, mostly American cuisine, a casual atmosphere, and, characteristically, a comb ...

China UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme ...

logos on them are all accepted to withdraw yen from the machines. In December 2009, Seven Bank discontinued ATM services for MasterCard,

Maestro Maestro (; from the Italian ''wikt:maestro#Italian, maestro'' , meaning "wikt:master, master" or "teacher") is an honorific title of respect (plural: maestros or maestri). The term is most commonly used in the context of Western classical music ...

and

Cirrus Cirrus may refer to: Science *Cirrus (biology), any of various thin, thread-like structures on the body of an animal *Cirrus (botany), a tendril *Infrared cirrus, in astronomy, filamentary structures seen in infrared light *Cirrus cloud, a type ...

cards. Seven Bank said that from their perspective, a revision of the terms and conditions on the part of MasterCard did not "sustain the economic viability of (Mastercard) services". ATM services for MasterCard, Maestro and Cirrus cardholders were restored in August 2010, but were suspended again in April 2013 for similar reasons. On March 22, 2011, Seven Bank and

Western Union The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company chang ...

started the Seven Bank International Money Transfer Service as part of their mobile and internet banking services. On July 19, 2011, the service was expanded to Seven Bank ATMs, which has about 16,000 locations nationwide with English and Japanese telephone customer support. On November 7, 2011, localized telephone support in Chinese, Spanish, Portuguese and Tagalog was started in order to assist customers using the service.

References

External links

* * Seven & I Holdings Banks established in 2001 Banks of Japan Financial services companies based in Tokyo {{Asia-bank-stub