BCcard

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About

Intelligent Financial Service Company

Korea’s No. 1
Payments Platform

Having started as a credit card association comprised of five banks in 1982, we have become an industry-leading payments platform service provider in South Korea with 41 client companies, 34 million cardholders, and the largest merchants and international brand network.

BC Card is leading
the payments market of Korea

We provide payments convenience through our reliable and seamless payment processing capabilities such as credit card processing including card issuing, transaction approval, and sales slip acquiring, as well as innovative digital payments technologies such as QR and NFC based payment, and big data based services.

We are the only acquirer in Korea that is directly connected to all six global payment brand networks as well as local brand networks in many countries, and we also take the lead in cooperation with overseas financial companies taking our export case of processing technology overseas for the first time in the Korean industry.

Statistics as of 2021

  • Annual Transaction Volume($)
    184B
  • Annual Number of
    Transactions Authorized
    6.3B
  • Annual Card
    Issuance Volume
    32M
  • Clients
    41
  • Cardholders
    34M
  • Acceptance Locations
    3.3M
  • Korea’s First
    EMV QR
    payment service
  • The World’s 4th
    To establish
    EMV-compliant
    Token system (TSP)

Business areas

Card/Processing Business

BC Card provides an end-to-end payments processing service based on our issuing and acquiring operational capabilities and know-hows.

#Issuance #Authorization #Sales slip acquisition/Settlement #Billing

Data/Financial Services Business

BC Card provides innovative financial services based on the industry’s largest merchant and cardholders base, annual payment authorization data, global brand network and AI-based big data technology.

#Big data/AI #MyData #Financial services business

Global Business

In addition to acquiring all six global brand cards in Korea, BC Card is developing overseas payment services, digital payment platform/solutions and local partnerships with influential local partners in each country.

#Global payment processing #Global payment network connection #Global payment solution/platform sales #Overseas expansion

History

2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1991
1989
1988
1987
1986
1985
1984
1983
1982
2021
  • 11.10

    BC Card acquires the No.1 POS terminal supplier in Vietnam, BCVN (formerly Wirecard Vietnam)

  • 07.19

    BC Card launches the industry’s first artist collaborated credit card, ‘BLACKPINK Card’

  • 06.29

    First in the Korea payments industry to acquire Russian national payment brand ‘MIR’ in Korea

2020
  • 12.14

    BC Card wins a Presidential Commendation in recognition of its excellence in anti-money laundering

  • 09.24

    BC Card establishes the first region-based ‘Financial Big Data Platform Laboratory’

  • 09.01

    BC Card becomes a major shareholder of ‘K Bank’, Korea’s first online-only bank

2019
  • 11.26

    BC Card enters a partnership with Discover Financial Service (DFS) on acquiring service in Korea

  • 10.07

    BC Card enters a partnership with LienvietPostBank (LPB) on establishment of a digital payment platform in Vietnam

  • 09.30

    BC Card relocates its headquarters to 170, Eulji-ro, Jung-gu, Seoul

  • 05.09

    BC Card launches overseas QR payment service for BC UnionPay Card

2018
  • 10.22

    BC Card acquires ISO 22301 (International Standard for implementing and maintaining effective business continuity) certification

  • 10.08

    BC Card is selected as a global excellence case for digital biometric authentication technology

  • 10.01

    First in the Korea payments industry to launch ‘QR code’ payment service

2017
  • 08.30

    BC Card enters a MOU for payment network sharing partnership with The National Payment Corporation of Vietnam (NAPAS)

  • 08.22

    BC Card enters a MOU for payment network sharing partnership with National Payments Corporation of India (NPCI)

2016
  • 11.08

    BC Card establishes ‘MTI(PT Mitra Transaksi Indonesia)’, a joint venture between BC Card and Bank Mandiri of Indonesia

  • 03.09

    BC Card won a ‘2016 Korea’s Most Beloved Brand’ award

  • 02.18

    First financial company in Asia to be appointed as a FIDO board member

2015
  • 12.30

    First Korean payments company to issue prepaid card (‘BC Wanzhuan Hanguo Prepaid Card’) in China

  • 12.10

    BC Card enters a partnership agreement with American Express

  • 09.06

    First in the Korea payments industry to apply wearable NFC payment technology

  • 04.16

    BC Card enters a MOU with UnionPay International (UPI) and Bank of China

2014
  • 09.12

    BC Card enters a MOU on the ‘Establishment of Credit Card Processing Joint Venture’ with Bank Mandiri of Indonesia

  • 03.19

    BC Card wins ‘The 2014 CARTES Asian SESAME Awards’ for its mobile card platform

2013
  • 11.15

    BC Card wins a Presidential Commendation in recognition of its environmental efforts, including issuance and operation of BC Green Card

  • 07.19

    BC Card enters an agreement with Hyundai Securities for check card payment processing

2012
  • 09.10

    First in the Korea payments industry to launch mobile prepaid card

  • 05.22

    First in the Korea payments industry to implement paperless receipts service

2011
  • 05.04

    The Ministry of Environment appoints BC Card as the lead operator and issuer of Green Card

  • 04.05

    BC Card launches BC Global Card, Korea’s first local proprietary brand card with global acceptance

2010
  • 10.05

    First in the Korea payments industry to acquire ISO 27001(Standard of Information Security Management) certification

  • 01.22

    BC Card enters a MOU on network alliance with Discover Financial Services (DFS)

2009
  • 12.10

    BC Card acquirers ISO 20000 (International Standard for IT Service Management System) certification

  • 11.30

    First in the Korea payments industry to acquire ISO 27001 (standards about Information privacy solution) certification

  • 03.06

    BC Card opens BC Future Center, a full-service card processing IT center

2008
  • 08.06

    BC Card issues ‘Zhong Guo Tong card’ with China Union Pay

2007
  • 10.22

    BC Card enters an agreement with China Union Pay to issue joint credit cards

2006
  • 04.20

    BC Card launches China UnionPay CD/ATM cash withdrawal service for domestic-only BC cards

2004
  • 09.20

    BC Card closes a joint credit card operation deal with China Union Pay

2003
  • 05.13

    First in the Korea payments industry to build g-CRM

2002
  • 02.15

    BC Card issues RF-enabled cards for public transport

2001
  • 11.05

    Annual credit card transaction amount reaches 100 billion dollars

  • 05.31

    Number of BC Card cardholder reaches 20 million

2000
  • 07.03

    BC Card launches an enterprise exclusive purchase-only card system

1999
  • 07.20

    Number of BC Card merchant acceptance exceeds 1 million

1998
  • 01.03

    BC Card starts multi-issuance by member bank

1997
  • 10.01

    BC Card participates in an Intelligent Transport System (ITS), a project commissioned by the Ministry of Construction and Transportation (Participants include 10 companies including LT, Master Card Korea and BC Card)

1996
  • 09.30

    BC Card implements an integrated card limit system for pay in-full and installment payments

1995
  • 10.01

    BC Card establishes an automatic call center

1994
  • 10.17

    The first prepaid card is issued

1993
  • 09.15

    BC Card launches BC JCB Card (Domestic) and JCB-BC Card (Japan)

1991
  • 08.01

    BC Card launches BC Visa Card

1989
  • 10.02

    BC Card becomes a member of Visa International

1988
  • 05.01

    BC Card expands the headquarter space and relocates to Hyunam Bldg., 1, Janggyo-Dong, Jung-Gu, Seoul

1987
  • 09.18

    Bank Credit Card Association changes the name of the company into BC Card

1986
  • 08.01

    Bank Credit Card Association starts processing for Chungcheong Bank

1985
  • 06.01

    Bank Credit Card Association expands the processing business to 4 additional local banks (Daegu, Busan, Gyeonggi and Gyeongnam Bank)

1984
  • 06.01

    Bank Credit Card Association starts processing for 3 special banks (Nonghyup, Industrial Bank of Korea and Housing Bank)

1983
  • 09.07

    Bank Credit Card Association incorporates BC Card

  • 06.01

    Bank Credit Card Association launches BC Master Card

  • 04.01

    Bank Credit Card Association partners with JCB, Japan

1982
  • 09.01

    Bank Credit Card Association becomes a member of Master Card International

  • 06.07

    Bank Credit Card Association launches credit card business for banks

  • 04.07

    Five member banks(Choheung, Commercial and SC First, Hanil and Seoul Bank) establish Bank Credit Card Association

Global IT certifications
as a leading payments processing company

  • ISO27001

    Standard of Information Security Management

  • ISO/IEC20000

    International Standard for IT Service Management System

  • PCI DSS

    Payment Card Industry Data Security Standard

  • ISO 22301

    International Standard for implementing and maintaining effective business continuity