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BC Card

News stories featuring BC Card:

Korean card issuers cleared for biometrics

August 10th, 2015

Korean card issuers will adopt biometric recognition solutions from September following clearing from the Financial Services Commission. “BC Card is the first local financial institution to launch a biometric recognition and settlement service next month using a fingerprint scanning system,” Korea Bizwire reports. “Shinhan Bank is preparing to introduce a vein pattern recognition system, while Industrial Bank of Korea (IBK) is focusing on iris technology.”

Samsung Pay to start second beta testing round

August 4th, 2015

Samsung Pay is reportedly set to start a second round of beta testing in Korea with Samsung Card this Friday. BC Card is also expected to test the service from August 20. “They both will receive feedback from the participants of the test runs and share the results with the tech giant to improve the payment system,” The Korea Herald reports. Samsung kicked off its first beta testing round in Korea last month.

Naver Pay to go live in June

March 18th, 2015

Korean internet portal Naver is to introduce a mobile payments platform from June that will let users verify themselves using fingerprint recognition and make payments using their Naver ID, a password, the mobile number of the recipient and either a credit or debit card. “It has tied up with five credit card firms, including BC Card Co and Samsung Card Co, and is in talks with five major local banks to forge the partnership to provide Naver Pay,” Yonhap reports.

Sixty banks and retailers sign up for new Korean mobile wallet service

December 12th, 2012

KT’s MoCa combines payment cards, coupons and offers stored in the cloud with a mobile wallet app that allows consumers to make payments at merchants via traditional barcodes, QR codes or NFC — providing retailers with the flexibility to use their prefered choice of POS hardware to close the “last inch” at the point-of-sale. More

NFC shopping zone opens in Seoul

December 18th, 2011

Korea’s leading mobile network operators, card networks, phone manufacturers and government agencies have joined forces to provide shoppers in Seoul’s busiest shopping district with a wide range of NFC services including payments, couponing, smart posters and digital receipts. More

Korea to eliminate paper receipts with NFC

December 6th, 2011

Telecoms research institute ETRI has established a standard way for Korean merchants to deliver receipts to NFC mobile phones, allowing stores to cut out the need to print paper sales slips. More

SK Telecom to open NFC Zone in Seoul

June 30th, 2011

Korean mobile network operator SK Telecom is to open an ‘NFC Zone’ in Seoul, the company’s head of global partnerships has told delegates attending the GSMA’s Mobile Money Summit in Singapore. The NFC Zone will… More

Korea drives ahead with plans for NFC leadership

June 13th, 2011

Up to 300,000 NFC-enabled points of sale are set to be installed in South Korea and all smartphones must include NFC capabilities by the end of 2011, Reuters has reported. The Korea Communications Commission (KCC)… More

Korean national NFC alliance aims to create a billion dollar business opportunity

June 6th, 2011

Korean mobile network operators, card issuers, consumer electronics manufacturers and government organisations have formed the Grand NFC Korea Alliance with the aim of creating a US$1bn business opportunity and more than 5,000 jobs. More

SK Telecom buys stake in Korean card issuer, will launch mobile credit card services in 2010

SK Telecom buys stake in Korean card issuer, will launch mobile credit card services in 2010

December 16th, 2009

Korean consumers will be able to use their mobile phones to make contactless credit card payments and pay for transport tickets from the second half of 2010, following SK Telecom’s purchase of a 49% stake in Hana Card.  More

Korean card issuers plan MVNOs in bid to control mobile wallets

Korean card issuers plan MVNOs in bid to control mobile wallets

September 18th, 2009

Two of Korea’s leading card issuers are seeking to launch their own Mobile Virtual Network Operator (MVNO) services, in a bid to ensure they are in control of their customers’ mobile wallets. More

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