Seven & i Chief to Face Pay Cut over 7pay Hack

Seven & i Chief to Face Pay Cut over 7pay Hack

   Tokyo, Oct. 10 (Jiji Press)--Seven & i Holdings Co. <3382> said Thursday that President Ryuichi Isaka will have his pay cut to take responsibility for a series of security breach cases in the major Japanese retail group's 7pay smartphone-based cashless payment service.
   Seven & i also said that Tsuyoshi Kobayashi resigned as president of Seven Pay Co., the operator of the now-defunct service, on the same day, with board director Tatsuya Mizuochi promoted as new president.

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