Creation of lifestyle through new financial services

As the society changes and technology evolves, values and lifestyle of customers diversify, requiring financial services that are even closer and more convenient. Seven Bank believes that innovation in financial services that are not influenced by prevailing concepts and equal opportunity is necessary.

Seven Bank will build new financial services that are not influenced by prevailing concepts while reflecting the diversifying lifestyles and the spread of sharing economy and offer new values conforming to the changes of time in daily life.

Seven Bank ATMs, people can also apply for the 2nd additional Individual Number Card Points on application for the use of Individual Number Card as a health insurance card and the registration of public money receiving account, which started in June 2022.

An Individual Number Card and device equipped with card reader capabilities (such as a smartphone or a personal computer and electronic card reader) are needed in order to apply for Individual Number Card Points. Seven Bank ATMs, however, are equipped to read Individual Number Cards, and have proven to be popular because they can be easily used even by people who have difficulty using a smartphone or personal computer to apply.

An application is required in order to use an Individual Number Card as a health insurance card. Since March 2021, Seven Bank ATMs have been able to be used to make the required application.

All a user needs to do is to press the “マイナンバーカ ードでの手続き”(Individual Number Card procedures) on the ATM screen and follow the provided on-screen instructions. The application can be completed by entering one’s four-digit Individual Number Card PIN.

To further expand the number of our ATM users, we aggressively promoted new partnerships with fund transfer businesses other than just financial institutions as a new business category.

Smartphone ATM services allow customers to deposit and withdraw money without a card, using only their smartphones, by using an app to scan a QR code displayed on the ATM.We are working to offer this service by further increasing our partner companies so that more companies, not only our existing partner companies, but also settlement service providers that do not issue cash cards and/or those who provide settlement through smartphones can make use of Seven Bank ATMs.

The “ATM Receipt (cash receipt service)” allows customers to receive cash without having an account, meeting the needs of companies making payments to their customers in growing areas like e-commerce and the sharing economy.
After receiving a number by email or other method from the company, the customer can receive the cash at any time by simply entering that number into a Seven Bank ATM. Because the payment does not pass through a bank account, the company does not need to collect and manage customers’ account information, adding a level of convenience for both the company and the customer.

Going forward, Seven Bank will continue to aim to provide new value in people’s daily lives that keeps pace with changes in the new age.

In addition to account services, Seven Bank creates new financial services that are not bound by conventional concepts, incorporating elements like responses to lifestyle diversification and the growth of the sharing economy. The “real-time money transfer function” supports the diversification of work styles in terms of finances, allowing companies to make a variety of remittances immediately, in cooperation with an outside service operator like an application programming interface (API) connection. For example, with the diversification of work styles, companies can use an immediate compensation service tied to the real-time money transfer function to pay employees for the work done on a specific day, allowing employees to receive the payment on the same day in the amount they want.