BC Card

BC Card (Korean: 비씨카드) is a South Korean financial services company headquartered in Seoul. 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 cards 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.

BC Card
Native name
비씨카드 주식회사
Company typeSubsidiary
IndustryFinancial services
Founded1982 (1982)
Headquarters
Seoul
,
South Korea
Area served
Korea
Key people
Dongmyun, Lee, CEO
ProductsCredit cards
Payment systems
256,104,000,000 won
18,165,000,000 won
ParentKT (69.5%)
Woori Bank (7.65%)
Websitewww.bccard.com

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."[1] 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 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 [2] include an end-to-end credit card business processing platform, covering credit card insurance, delivery, authorization, reimbursement, merchant management, payment and settlement. In other words, BC Card provides a complete set of credit card services. Customized market research and analysis, risk management, brand management, product development and marketing.

Member companies
  • Busan Bank
  • Citibank Korea
  • 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 (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 (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 outside Korea, credit card (all issuers), check card (Issued by Wooricard, SC Bank only))
  • BC Visa
  • BC Master/Maestro
  • BC JCB (Credit card only)
  • BC CUP
  • BC AMEX[3](Credit card only)

References
  1. Seo, Ji-eun (February 4, 2008). "BC Card sets its sights on markets in China". Korea JoongAng Daily.
  2. "BC Card | LinkedIn". kr.linkedin.com (in Korean). Retrieved 2024-03-25.
  3. "BC카드, 프리미엄 브랜드 아멕스와 핵심업무 제휴·실행 계약 체결" (in Korean). Retrieved 2022-11-20.


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