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Companies

Seven-Eleven Japan to scrap hacked mobile pay service in September

Convenience giant says it faces insurmountable security and brand hurdles

The 7-Eleven chain's big push to go cashless was stymied almost as soon as it began. (Photo by Takayuki Yao)

TOKYO -- Seven & i Holdings' new mobile payment service, hacked days after its July launch, will be terminated at the end of September.

The company on Thursday announced it has decided to withdraw the service due to the amount of time it would need to implement security measures and restore consumer trust.

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