- Business Overview
- Service
As the operator of the nation’s largest member merchant network, BC Card offers a full line of services ranging from a data transmission service for card transaction authorization to purchase and settlement of card slips. Our end-to-end acquiring service will soon expand into overseas merchant networks, which will make card use more convenient than ever through our bet efforts.
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Clearing is exchange of full financial transaction data between an acquirer/processor and an issuer. It is based on the clearing data, that an issuer proceeds settlement with the acquirer/processor and posts transactions to cardholders’ accounts. Clearing data contains both full transaction data and fees and is constructed through calculating fees and correcting duplicate/erroneous/reversal data. Settlement is exchange of funds between an acquirer/processor and an issuer. Settlement amount is determined by the clearing data. Instead of settling the fees separately from the funds exchange, net settlement is preferred where issuers deduct their share of fees when exchanging funds.
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BC Card operates merchant management where we oversee all merchant related activities in terms of securing merchants. Three major areas of merchant management are: (1) Merchant Recruitment: includes merchant registration process (2) Account Management: includes merchant payment and reporting (3) Policy Management: includes merchant discount rate policy, merchant regulations, and merchant grading
Once a request for card transaction authorization is made from a domestic merchant, we instantly provide the data transmission service linking merchant, VAN operator, BC Card, and member business
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For domestic card purchases, BC Card transmits such authorization-request data to member businesses or to client firms
Domestic authorization data transmission
The Company provide a comprehensive service involving all the incoming and outgoing transactions between overseas (domestic) merchants, international card company networks, BC Card, and the domestic (overseas) card issuer.
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For overseas credit card purchases using a BC Card, we transmit incoming authorization requests received from the international card company or overseas local processors to member businesses or client firms. For domestic credit card purchases using an international card, we send out outgoing authorization requests received from domestic BC Card merchants to overseas card issuers.
Incoming authorization data transmission ｜ Outgoing authorization data transmission
The Company provide a cash advance data transmission service and performs continuous maintenance and development of network through the cash advance intermediation network process shared by member businesses and financial institutions.
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The Company continue to expand the cash advance network, including shared networks and our proprietary network, to ensure customer convenience.
Domestic cash advance network provision
Domestic cash advance network intermediation processing
This is a service providing a BC Card’s differentiated cash advance network and transmission of processing data, including overseas cash advances by member card issuer customers and domestic cash advances by international cardholders.
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The Company continue to expand overseas cash advance network coverage by integrating our own proprietary network with global networks. The Company provide maximum convenience for our cash advance customers, including member card issuer customers and international cardholders.
Domestic Cash Advance Data Transmission
International cash advance network intermediation processing
This service includes member merchant network development and operations, post-authorization purchase slip buying, and settlement and payment between member businesses.
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Throughout all the regions within the nation, we provide a one-stop service for our member businesses and client firms by buying up purchase slips, advising them how to operate more efficiently, and signing up more merchants within our network.
Domestic merchant network provision ｜ Domestic merchant purchase slip purchase
Domestic merchant payment settlement
Once a card transaction request from overseas merchants has been made, we provide a purchase intermediation service by buying the slips of domestic merchants on behalf of the overseas acquiring agent.
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By managing both a proprietary joint network with overseas purchase slip buyers and the global merchant networks of international card issuers, we can continue to provide a purchase slip intermediation service for our member businesses while offering an effective purchase slip intermediation service, all based on our ever-increasing overseas merchant network coverage.
Overseas merchant network development and operation
Incoming transaction settlement
Outgoing transaction slip purchasing ｜ Outgoing merchant transaction settlement
By taking advantage of payment settlement networks owned by member businesses and international card issuers, we provide services such as payment settlement to non-member merchants on behalf of member businesses, and international wire transfers using card member accounts.
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By leveraging the money deposit network for domestic merchants and the wire network with international card issuers, we expedite payments and wire transfers to non-member merchants.
Speed BC service ｜ Remittance service
The Company provide a buying service (for those purchase slips produced by the respective countries’ domestic member merchants) to member businesses in Asia (e.g., China UnionPay) within the Asian payment settlement processing network.
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As part of the business of buying purchase slips produced by domestic member merchants, we also operate a buying service for those domestic merchants eligible to join the Asian network
China UnionPay Alliance
