News stories featuring BC Card:
June 28th, 2016
Bankcard association UnionPay International has launched its host card emulation (HCE) and tokenization based mobile payment service in South Korea, enabling its cardholders to pay by tapping their mobile phones. The launch of UnionPay HCE mobile QuickPass is supported by mobile network operator KT and its subsidiary BCcard.
February 21st, 2016
Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year.
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.”
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.
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.
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.
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.
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.
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…
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)…
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.
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.
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.
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