Korea Financial Telecommunications & Clearings Institute
 | You can help expand this article with text translated from the corresponding article in Korean. (March 2021) Click [show] for important translation instructions.
|
 | This article may need to be rewritten to comply with Wikipedia's quality standards. (March 2021) |
 | |
Native name | 금융결제원 |
|---|---|
| Company type | Non-profit organization |
| Industry | Finance |
| Founded | 1986 |
| Headquarters | Seoul, South Korea |
| Website | http://www.kftc.or.kr/ |
| Korean name | |
| Hangul | 금융결제원 |
|---|---|
| Hanja | 金融決濟院 |
| Revised Romanization | Geumyung gyeoljewon |
| McCune–Reischauer | Kŭmyung 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
[edit]- 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