Industry Finance Headquarters Seoul | Founded 1986 | |
Type Non-profit organization | ||
Korea Financial Telecommunications and Clearings Institute(KFTC, in Korean 금융결제원) is a non-profit organization which manages several inter-bank payment systems in South Korea.
Business
Cashier's Check Truncation
Local L/C Clearing
Corporate Purchasing Fund Bill Truncation
Electronic Bonds
Management of Dishnored Bills
Paper based Giro(Bill)
Electronic Giro(Direct Debit / Direct Credit)(Similar to Automatic Clearing House)
Internet Giro(Electronic Bill Payment)
CD/ATM Network
IFT Network(Inter-bank Fund Transfer Network)
HOFINET(Inter-bank Home/Firm Banking Network)
K-Cash Network(Electronic Money Network)
CLS Network(and SWIFT Representative Office in Korea)
Accredited Certification for Internet/mobile banking(PKI based)
KF-ISAC(Information Sharing and Analysis Center)
Retirement Pension Record Keeping