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Discover partners Koreas BC Card to share credit card networks

Monday 25 January 2010 07:50 CET | News

Discover Financial Services has signed a contract with Korean payment network BC Card, under the terms of which BC Card cardholders will be able to utilize the Discover, Diners Club International and PULSE networks for international purchases and cash access outside of Korea.

System interoperability is expected to be active in 2010, when BC Card members will start issuing cards under this deal.

BC Card has over 52 million cards in Korea, issued by 11 financial institutions, providing payment services for institutions ranging from the financial sector through private enterprise and government agencies, on a card business processing platform that encompasses card issuance and delivery, authorization and billing, merchant management, and payment and settlement.
 


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Keywords: Discover, BC Card, credit card, payment network, Discover, Diners Club International, Pulse
Categories: Payments & Commerce
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Countries: World
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