BC Card () is a South Korean

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

company headquartered in

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

. South Korea's largest payment processing company, it provides end-to-end payment services, primarily to financial institutions, as well as to local merchants through its subsidiary company Smartro; credit cards,

debit card A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...

s and prepaid cards; local brand network operation under the brand of "BC"; card issuing BPO (Business Process Outsourcing) to financial institutions; as well as Internet commerce and mobile payment solutions.

Global Payment Services

BC Card is a leading company in the Korean card industry and is growing into a global payment company. In 2008, when it established a local subsidiary in China, it launched a partnership with China Union, a Chinese credit card company, and launched the "China Series Card." Currently, BC Card is in charge of buying tickets (inbound) of foreign-issued Union Card in South Korea, so if you use a Union Card issued in China, the buyer will be stamped with BC Card on the receipt.

Scope of use

BC cards are mainly accepted in South Korea, but since all currently issued cards are dual-label cards, they can be used globally through the network of another card organization. In mainland China, only

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

Pudong Development Bank's teller machines can accept all types of BC cards directly through the BC card network.

Feature introduction

The services provided by BC Card include an end-to-end credit card business processing platform, covering credit card insurance, delivery, authorization,

reimbursement Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent. Companies, governments and nonprofit organizations may compensate their employees or officers for necessary ...

, merchant management,

payment A payment is the tender of something of value, such as money or its equivalent, by one party (such as a person or company) to another in exchange for goods or services provided by them, or to fulfill a legal obligation or philanthropy desir ...

and settlement. In other words, BC Card provides a complete set of credit card services. Customized market research and analysis,

risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

brand management In marketing, brand management refers to the process of controlling how a brand is perceived in the market (economics), market. Tangible elements of brand management include the look, price, and packaging of the product itself; intangible element ...

product development New product development (NPD) or product development in business and engineering covers the complete process of launching a new product to the market. Product development also includes the renewal of an existing product and introducing a product ...

and

marketing Marketing is the act of acquiring, satisfying and retaining customers. It is one of the primary components of Business administration, business management and commerce. Marketing is usually conducted by the seller, typically a retailer or ma ...

Member companies

* Busan Bank *

Citibank Korea Citibank Korea () is a South Korean subsidiary of Citigroup. Its core is the Korean-American Bank or KorAm Bank, founded in 1983 and acquired by Citi two decades later. Citibank Korea was named the worst bank in terms of consumer complaints by t ...

* Daegu Bank * KEB Hana Card * Industrial Bank of Korea * KB Kookmin Card * Kyongnam Bank * Kwangju Bank * Jeju Bank * Nonghyup * Suhyup * Shinhan Card * Standard Chartered Korea * Woori Card *

Korea Development Bank Korea Development Bank (KDB Bank) is a South Korean state-owned development bank which aims to encourage the industrial development of South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage ...

(not member, but issuer) * K Bank (not member, but issuer) *Korea Credit Union (not member, but issuer) *Korea Federation of Community Credit Cooperatives (not member, but issuer) *

Korea Post Korea Post is the national postal service of South Korea, under the authority of the Ministry of Science and ICT, formerly Ministry of Knowledge Economy until 2013. Korea Post is in charge of postal service, postal banking, E-commerce and Parc ...

(not member, but issuer) *National Forestry Cooperative Federation (not member, but issuer) *Korean Federation of Savings Banks (not member, but issuer)

Brand

BC Cards are branded credit cards and check cards (aka debit cards). *BC South Korean domestic card **BC Global (treated as Diners Club/

Discover Discover may refer to: Art, entertainment, and media * ''Discover'' (album), a Cactus Jack album * ''Discover'' (magazine), an American science magazine * "Discover", a song by Chris Brown from his 2015 album ''Royalty'' Businesses and bran ...

outside Korea, credit card (all issuers), check card (Issued by Wooricard, SC Bank only)) *BC Visa *BC

Master Master, master's or masters may refer to: Ranks or titles In education: *Master (college), head of a college *Master's degree, a postgraduate or sometimes undergraduate degree in the specified discipline *Schoolmaster or master, presiding office ...

Maestro Maestro (; from the Italian '' maestro'' , meaning " master" or "teacher," plural: maestros or maestri) is an honorific title of respect, sometimes abbreviated Mo. The term is most commonly used in the context of Western classical music and oper ...

*BC JCB (Credit card only) *BC

CUP A cup is an open-top vessel (container) used to hold liquids for drinking, typically with a flattened hemispherical shape, and often with a capacity of about . Cups may be made of pottery (including porcelain), glass, metal, wood, stone, pol ...

*BC AMEX(Credit card only)

References

External links

* Credit cards Financial services companies established in 1982 Financial services companies of South Korea 1982 establishments in South Korea {{SouthKorea-company-stub