Korea Financial Telecommunications & Clearings Institute
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.
| Non-profit organization | |
| Industry | Finance |
| Founded | 1986 |
| Headquarters | Seoul, South Korea |
| Website | http://www.kftc.or.kr/ |
| Korean name | |
| Hangul | |
|---|---|
| Hanja | |
| Revised Romanization | Keumyung gyeoljewon |
| McCune–Reischauer | Kŭmnyung gyŏljewŏn |
Business
- Check Clearing
Cashier's Check Truncation
Local L/C Clearing
Corporate Purchasing Fund Bill Truncation
Electronic Bonds
Management of Dishnored Bills
- Giro
Paper based Giro(Bill)
Electronic Giro(Direct Debit / Direct Credit)(Similar to 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