Japanese streaming service unext drops mastercard and visa payment
(www.sankakucomplex.com)
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I wonder what the history behind the pull-out was. Legislative or just too far behind Visa/MC to make it worthwhile.
Edit: Apparently AmEx and Discover still have reciprocal agreements with JCB. Anywhere that takes JCB should accept AmEx (https://www.americanexpress.com/jp/services/coverage/). Don't know how well that plays with online retailers.
I've been trying to piece together a timeline, but the closest piece of Federal legislation passed before closing all consumer CC accounts was the FOSTA-SESTA bill but it could be unrelated. As for the "halt issuing new cards", no clue still.