Misplaced Pages

Korea Financial Telecommunications & Clearings Institute

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
You can help expand this article with text translated from the corresponding article in Korean. (March 2021) Click for important translation instructions.
  • View a machine-translated version of the Korean article.
  • Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Misplaced Pages.
  • Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article.
  • You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Korean Misplaced Pages article at ]; see its history for attribution.
  • You may also add the template {{Translated|ko|금융결제원}} to the talk page.
  • For more guidance, see Misplaced Pages:Translation.
This article may need to be rewritten to comply with Misplaced Pages's quality standards. You can help. The talk page may contain suggestions. (March 2021)
Korea Financial Telecommunications and Clearings Institute
Native name금융결제원
Company typeNon-profit organization
IndustryFinance
Founded1986
HeadquartersSeoul, South Korea
Websitehttp://www.kftc.or.kr/
Korean name
Hangul금융결제원
Hanja金融決濟院
Revised RomanizationGeumyung gyeoljewon
McCune–ReischauerKŭmyung kyŏlchewŏn

Korea Financial Telecommunications and Clearings Institute (Korean: 금융결제원, KFTC) is a non-profit organization which manages several inter-bank payment systems in South Korea.

Business

  • Check clearing
    • Cashier's check truncation
    • Local L/C clearing
    • Corporate purchasing fund bill truncation
    • Electronic bonds
    • Management of dishonored bills
  • Giro
    • Paper based giro (bill)
    • Electronic giro (Direct Debit / Direct Credit), similar to an automatic clearing house
    • Internet giro (electronic bill payment)
  • Inter-bank network
    • 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)
  • Bank Joint Electronic Services
    • Accredited certification for internet/mobile banking (PKI-based)
    • KF-ISAC (Information Sharing and Analysis Center)
    • Retirement pension record-keeping

External links

Categories: