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Payment Systems

2 GoKawiil briefs on this topic

Ransomware hits Keio Corporation, disrupts hotel payment systems in Japan

Keio Corporation, a Japanese railway and hotel operator, confirmed a ransomware attack detected early Saturday that disrupted business systems, primarily affecting its hospitality division. The company shut down its network, reported the incident to police, and is investigating with external experts whether customer or partner data was accessed. Local media say the attack disrupted payment systems, while train operations appear unaffected.

Report: Manual payment systems pose scaling risk for partner-network businesses

A Tipalti-backed analysis argues that many companies still handle payouts to freelancers, creators, vendors and affiliates using outdated, manual infrastructure built for an earlier era. It cites survey data showing 81% of business leaders consider these partner networks important or critical to revenue, while payment systems supporting them have not scaled accordingly. The piece frames fragmented, non-compliant payout processes as an operational risk as companies expand into new markets with varying tax and regulatory rules.