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Visa to Upgrade Its Visa Token Service to Protect Consumer Account Information

Visa to Upgrade Its Visa Token Service to Protect Consumer Account Information

 FOSTER CITY, Calif., Feb. 13 (Korea Bizwire) –Visa Inc. (NYSE:V), the global leader in payments, today announced that it is expanding the use of new security technology that replaces the traditional 16-digit Visa account number with a unique series of numbers, helping to prevent exposure of sensitive consumer account information in online and mobile payments. [...]

Competition Increasingly Fierce among E-commerce Payment Service Providers

Competition Increasingly Fierce among E-commerce Payment Service Providers

SEOUL, Sep. 23 (Korea Bizwire) — Competition between e-commerce payment service providers is dramatically increasing as KakaoTalk, a multi-platform texting application provider, launched its new mobile payment service KakaoPay. According to the leading app company on September 21, more than 130,000 users have joined the service only in about 20 days right after the launch. [...]

E-commerce Transactions Are Available Only with Username and Password Soon

E-commerce Transactions Are Available Only with Username and Password Soon

SEOUL, Aug. 31 (Korea Bizwire) – It was reported that e-commerce transactions is possible only by typing in one’s username and password as early as late September or as late as early October, as currently available with two e-commerce platform providers: PayPal, an international e-commerce business allowing Internet payments and money transfers, and Alipay, a [...]

Alipay Planning a Big Push in Korean Online Payment Market

Alipay Planning a Big Push in Korean Online Payment Market

SEOUL, July 19 (Korea Bizwire) – Alipay, the e-payment arm of China’s e-commerce giant Alibaba, wants to make inroads in South Korean market — a move to create a seismic change across South Korea’s online payment service industry, according to local sources and reports.  China’s leading e-payment brand held a seminar on July 18 to [...]

CJ O Shopping Begins its ‘Toss Service’ for Payment

CJ O Shopping Begins its ‘Toss Service’ for Payment

Seoul, S. Korea, August 05 (Korea Biz Wire) — With TV shows based on the military gaining popularity, public interest is growing on the military and goods intended for the military. Also, as interest in various military supplies such as ready-to-eat meals and military clothing are increasing, some manufacturers are trying to enter the military market. [...]