JR East, NTT DoCoMo, and NTT DATA to Jointly Promote Suica e-Money Service

Jul 28, 2005

East Japan Railway Company (JR East), NTT DoCoMo, Inc. (DoCoMo) and NTT DATA Corporation (NTT DATA) announced today that they have agreed to jointly promote JR East's Suica® e-money service.

The three companies are considering forming a limited liability partnership (LLP) around autumn this year to provide the initial costs for any company wishing to join the Suica e-money service. In return, the LLP would receive a commission based on the amount of e-money used. Initial costs include the purchase of compatible terminals and modification of IT systems.

Through this joint venture, JR East aims to expand the number of retail shops and companies accepting Suica e-money, which will make it more convenient and attract more users. For DoCoMo, the expansion of the Suica e-money service will encourage use of its "Osaifu-Keitai" mobile phones equipped with contactless IC cards. JR East is planning to launch Mobile Suica service in January 2006 in which DoCoMo's Osaifu-Keitai will contain Suica, JR East's IC card for railway travel and shopping.
NTT DATA, which provides settlement infrastructure such as INFOX®, aims to supply IT infrastructure to the companies joining the Suica e-money service.

The three companies are considering investing 400 million yen each to establish the LLP. A committee comprising of representatives from the three companies would make major decisions regarding the LLP, whose offices would be located at the JR East IT Business Division.


Explore further: Winners and losers of the demise of the big Comcast deal

Related Stories

European physicist discusses Higgs boson at Brown University

1 hour ago

The head of the European Organization for Nuclear Research says the historic 2012 discovery of the Higgs boson particle and the particle accelerator that detected it are getting scientists closer to understanding the creation ...

IBM earnings dip as sales fall again

1 hour ago

Technology heavyweight IBM reported Monday lower profits in the first quarter following another drop in revenues, this time partly due to the strong dollar.

Recommended for you

'Map spam' puts Google in awkward place

9 hours ago

Google was re-evaluating its user-edited online map system Friday after the latest embarrassing incident—an image of an Android mascot urinating on an Apple logo.

Team develops faster, higher quality 3-D camera

9 hours ago

When Microsoft released the Kinect for Xbox in November 2010, it transformed the video game industry. The most inexpensive 3-D camera to date, the Kinect bypassed the need for joysticks and controllers by ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.