Korea Financial Telecommunications & Clearings Institute

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

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Quick facts Native name, Company type ...

Korea Financial Telecommunications and Clearings Institute

Native name	금융결제원
Company type	Non-profit organization
Industry	Finance
Founded	1986
Headquarters	Seoul, South Korea
Website	http://www.kftc.or.kr/

Quick facts Hangul, Hanja ...

Korean name
Hangul	금융결제원
Hanja	金融決濟院
Revised Romanization	Geumyung gyeoljewon
McCune–Reischauer	Kŭmyung kyŏlchewŏn

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

Korea Financial Telecommunications & Clearings Institute

Business

External links

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