ATM Archives | Be Korea-savvy
Allpoint Network and Visa Partner on Convenient Cash Access for Southeast Asian Cardholders Traveling to the United States

Allpoint Network and Visa Partner on Convenient Cash Access for Southeast Asian Cardholders Traveling to the United States

HOUSTON, May 29 (Korea Bizwire) — Visa and Allpoint Network have partnered to make it easier for travelers visiting the United States from Southeast Asia to access their money without paying ATM fees. Under terms of the agreement, enrolled cardholders traveling with Visa travel prepaid cards and debit cards from select financial institutions will enjoy [...]

ATM to Offer Services that Verify Customers Based on “Vein Matchmaking”

ATM to Offer Services that Verify Customers Based on “Vein Matchmaking”

SEOUL, Oct. 25 (Korea Bizwire) – Suhyup Bank announced yesterday that it was adopting a new service that allows customers to access their bank accounts via ATM by merely having the machines scan the veins in their palms. The banking service dubbed “Hands Up banking” is possible when customers are verified simply by presenting their [...]

Ondot’s Mobile Card Controls Provide Protection to Thousands of Banks from ATM Heist Threat

Ondot’s Mobile Card Controls Provide Protection to Thousands of Banks from ATM Heist Threat

Santa Clara, Calif., Aug. 17 (Korea Bizwire) — US mainstream media is reporting on a FBI warning to banks of an impending cybercrime wave targeting ATMs in which thieves seek to steal millions of dollars by using cloned cards for fraudulent withdrawals. Ondot, the global leader in mobile payments services, provides consumers a simple protection [...]

Phone Subscribers Able to Initiate Thrifty Phone Services at ATMs

Phone Subscribers Able to Initiate Thrifty Phone Services at ATMs

SEOUL, Jul. 18 (Korea Bizwire) — New subscribers to budget phones known as “thrifty phones” in Korea will be able to have their phone services initiated at ATMs installed near convenience stores and subway stations. KT M Mobile, a subsidiary of KT Corp., and Annex Telecom have teamed up with Hyosung TNS to allow users [...]

Samsung Pay Expanding into Mobile Banking Service

Samsung Pay Expanding into Mobile Banking Service

SEOUL, Dec. 10 (Korea Bizwire) — Samsung Electronics Co.’s mobile payment system is moving to expand into the banking sector to offer more diverse services to users, the South Korean tech giant said Sunday. The company said that starting Thursday, the payment system installed on some of its newer smartphones can be used to carry [...]

FSS Publishes Financial Guidebook for English, Indonesian Speakers

FSS Publishes Financial Guidebook for English, Indonesian Speakers

SEOUL, Aug. 22 (Korea Bizwire) – The Financial Supervisory Service (FSS) said Monday it has published a guidebook on local finance for English and Indonesian speakers so that they can use full and reliable services in South Korea. The Foreign Residents’ Guide to Personal Banking and Finance in Korea contains information on banking, currency exchange, [...]

Euronet Worldwide Acquires UK-based ATM Network, YourCash

Euronet Worldwide Acquires UK-based ATM Network, YourCash

LEAWOOD, Kan., Oct. 10 (Korea Bizwire) — Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading global electronic payments provider, today announced it has completed the acquisition of U.K.-based ATM operator, YourCash Europe Limited.  The acquisition includes approximately 5,000 ATMs across the U.K., Netherlands, Belgium and Ireland.  With the addition of YourCash, the combined businesses will operate independent [...]

Korea Introduces Debit Card Cashback for the First Time

Korea Introduces Debit Card Cashback for the First Time

SEOUL, Sept. 7 (Korea Bizwire) – Starting October 5, Korea will launch its first debit card cashback service at convenience stores. Although a popular practice in a number of western countries, the service has not yet been introduced to Korean consumers.  In a nutshell, the service is offered to customers who wish to add a certain [...]