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BC Card to Adopt Blockchain Technology for Improved Productivity

BC Card to Adopt Blockchain Technology for Improved Productivity

SEOUL, Jul. 5 (Korea Bizwire) — South Korean credit card company BC Card is adopting KT’s blockchain-based electronic signature capture system (ESC), a world’s first, which could slash the time spent processing electronic signatures by up to 70 percent. The collaboration between the South Korean telecom giant and BC Card will see the blockchain technology, which [...]

Card Firms’ Q1 Net Soars 60 % on One-Off Gains

Card Firms’ Q1 Net Soars 60 % on One-Off Gains

SEOUL, May 16 (Korea Bizwire) – The first-quarter earnings of credit card companies in South Korea jumped 59.9 percent from a year earlier due mainly to one-off factors, the country’s financial regulator said Monday. The combined net profit of eight credit card firms, including Shinhan Card Co. and Lotte Card Co., came to 803.7 billion won (US$718.5 million) in the January-March period, compared to 502.5 billion won the previous year, [...]

“Mania or Middle Age”, Two Keywords for Consumption Trends next Year

“Mania or Middle Age”, Two Keywords for Consumption Trends next Year

SEOUL, Nov. 30 (Korea Bizwire) – A local credit card company, BC Card, is predicting that those in their 40s to 50s who share personal interests with Deokhu (mania) or the younger generation will stand out as big players in terms of consumption next year.   On November 29, BC Card announced its report of predicted consumption [...]

Card Industry Busy Preparing for Full-fledged Use of Samsung Pay

Card Industry Busy Preparing for Full-fledged Use of Samsung Pay

SEOUL, Aug. 4 (Korea Bizwire) – Prior to the official launch of Samsung Pay, Samsung Electronics‘ simple on and offline payment solution, Korean card companies are busy preparing for the service. According to credit card industry representatives, Samsung Card, Samsung Group’s card company, and BC Card are now offering a trial run of Samsung Pay [...]

S. Korean Financial Firms Set to Adopt Biometric Identification

S. Korean Financial Firms Set to Adopt Biometric Identification

SEOUL, Aug. 4 (Korea Bizwire) – In the mega-hit movie “Minority Report,” buildings, shops and streets are full of electronic biometric systems that use red flashes and lights to scan the irises of all passers-by and identify them in order to send them custom-tailored services and advertisements. Before entering a security agency, Tom Cruise, who [...]

BC Card Introduces Beacon-based ZEP Payment Service

BC Card Introduces Beacon-based ZEP Payment Service

SEOUL, Dec. 3 (Korea Bizwire) – BC Card, Korea’s biggest credit card company, said on December 2 that it has launched the “ZEP Service,” a simple smartphone-based payment solution that can be used in merchant establishments without online capability, in partnership with the state-run Electronics and Telecommunications Research Institute. The ZEP, short for zero-effort payment, service allows [...]

BC Card Makes Available Smartphone App for Chinese Visitors

BC Card Makes Available Smartphone App for Chinese Visitors

SEOUL, Nov. 9 (Korea Bizwire) — BC Card, Korea’s major credit card company, said on November 7 that it has launched a new mobile app called “Wanzhuan Hanguo” (meaning “smart Korea” in Chinese) for Chinese tourists visiting Korea. The app provides useful information for the tourists including Chinese-language maps and GPS services, tourism information, and KT phone [...]