[LayerX] Bakuraku Business Card has released a function that allows you to limit the transaction partners that can be used for payment. Significantly strengthened security functions, making it an even safer corporate card
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Press release: April 12, 2024
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Bakraku Business Card releases a function that allows you to limit the customers that can be used for payment. Significantly strengthened security functions, making it an even safer corporate card
LayerX Co., Ltd., which aims to digitize all economic activities, has released a “payment destination restriction function” for the “Bakuraku Business Card”. By restricting the merchants that can be used to make payments for each issued card, fraudulent use and unintended payments can be prevented, allowing you to use Bakraku Business Cards more safely than ever before.
https://bakuraku.jp/card/
Release summary
This function prevents unauthorized use and unintended payments by restricting the business partners that can be used to make payments for each card in advance.
The business partners to be restricted can be selected from those that customers often use, such as e-commerce/mail order, advertising, cloud, software services, etc. If there is any unauthorized or unintended use, the payment will fail and you will be notified with a payment failure notification.
As of April 12, 2024, it is available as a beta version and is only available to customers who have applied. Availability to all customers is scheduled for May 2024.
Release background
In order to prevent unauthorized use and unintentional payments, conventional Bakraku Business Cards had a payment period and upper limit for each card. However, when paying for high-value web services such as cloud services or advertising usage fees, it was necessary to set a high limit on the card amount. This could allow for unintended payments. Another issue was that it was difficult to set an upper limit when the usage amount might increase due to fluctuations in foreign currency rates.
To address these issues, Bakraku Business Card has released a “payment destination restriction function” that prevents
unauthorized use and unintended payments by restricting the payment partners for each card. This makes it possible to use Bakraku Business Cards more safely than ever before, and improve business efficiency by distributing cards to employees.
What is Bakraku Business Card?
A next-generation corporate business card that makes the tasks before and after using it easier. Free usage fee, same-day additional issuance, flexible credit limit that allows payments of up to 100 million yen. Internal controls and evidence management have also been streamlined, and any number of vouchers can be issued to employees for each purpose.
https://bakuraku.jp/card
What is Bakraku?
Bakaku is a service that smoothly unifies expense management such as invoice processing, expense settlement, approval application, corporate card, etc. It also supports the Electronic Bookkeeping Act and the invoice system, achieving both operational efficiency and legal compliance. Installed by over 10,000 companies in total. https://bakuraku.jp/
LayerX Co., Ltd. Overview
LayerX is a SaaS+FinTech startup whose mission is to “digitize all economic activities.”
Mitsui & Co. Digital Asset Management, a joint venture that aims to become a digitally native asset management company centered on the corporate expenditure management service “Bakurak,” utilizes large-scale language model (LLM) related technology to improve business efficiency and efficiency in companies and governments. We develop and operate “AI/LLM businesses” that support data utilization.
Established: August 2018
Representative: Representative Director and CEO Yoshinori Fukushima / Representative Director and CTO Yuki Matsumoto
Location: 2nd floor, Ningyocho PREX, 1-9-8 Nihonbashihoridomecho, Chuo-ku, Tokyo Capital (including reserves): 13.26 billion yen
Corporate site: https://layerx.co.jp/
Recruitment site: https://jobs.layerx.co.jp/
Contact: https://layerx.co.jp/contact
Business site:
・Bakuraku: https://bakuraku.jp/
・Mitsui & Co. Digital Asset Management: https://corp.mitsui-x.com/ ・Alterna: https://alterna-z.com/
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