Thu, Dec 04, 2014 - Page 4 News List

Use of combined credit card/EasyCards increases

By Abraham Gerber  /  Staff reporter

Usage of joint credit card/EasyCards is up 28 percent this year, with more banks offering the cards, EasyCard Corp announced yesterday.

Credit cards combining EasyCard function can be used on public transportation or to make small cash purchases wherever EasyCards are accepted, with the money in the card’s EasyCard account automatically recharged when funds run low.

More than 12 million of the combined cards are now in circulation, equal to one-fifth of all credit cards nationally, the company said.

The joint cards’ automatic recharge function was used 7.3 million times between September and last month, a 28 percent increase over the same period last year, the company added.

The company yesterday announced an agreement with three new banks — Taichung Bank, Shin Kong Bank and Far Eastern International Bank — to offer joint credit credit/EasyCards.

Including those three, there would be 18 banks offering the cards next year, encompassing most of the nation’s major banks, EasyCard Corp said.

The firm also announced a cooperation agreement with the Japan Credit Bureau (JCB), Japan’s dominant credit card company.

Under the agreement, JCB credit card with EasyCard functions would provide an automatic 10 percent refund of any automatic recharges on cards registered online. The refund amount is limited to NT$100 per card for the 10,000 cards which use the function each month.

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