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Introduction of the integrated consultation service at the card point
Available by installing the Credit Association ‘Card Points Search’
Financial Clearinghouse Account Information App
By installing an app, you can view and collect card points distributed across multiple card companies at the same time. The procedure for canceling regular card payments, such as communication charges or changing payment card companies, has also been simplified.
On the 5th, the Financial Services Commission announced on the 5th that it will introduce the ‘Integrated Card Point Account Consultation and Transfer’ and ‘Integrated Card Automatic Payment Change and Termination’ to promote the use of card points along with the Association for Credit Financing and Trading Card Rights.
Card dots scattered all over the place ‘cash coins’ at once
Previously, to collect scattered card points here and there, you had to install all the apps from individual card companies and go through a complicated payment process. However, with the introduction of this system, if you download one of the Credit Finance Association’s ‘Integrated Inquiry App’ from the Credit Finance Association or the KFTC’s ‘Account Information App’, you can search all the points card at the same time and transfer them to the desired account at the same time to withdraw money. .
Eligible cards are Shinhan, Samsung, Hyundai, Lotte, Woori, KB Kookmin, Hana, BC, etc., with 8 full-time card companies and 3 card companies operating simultaneously, including Nonghyup, Citi, and Post Office. Individual members can use credit and debit cards.
Both Koreans and foreigners can check the integrated card point, but the account information can only be used by Koreans. The minimum withdrawal / transfer unit is 1 point (1 won).
The automatic transfer of communication charges can also be changed “at once” in the app
Automatic card payment change and cancellation procedures are also simplified. In the KFTC Account Info application or on the PayInfo website, it is possible to change or cancel the payment method by automatic card transfer, such as communication charges to another card.
Previously, to switch automatic card payment, such as communication charges, to another card, it was inconvenient to cancel the existing automatic transfer (payment) one by one for each billing institution and request a new one.
Cards eligible for use are 8 full-time card companies, including Shinhan, Samsung, Hyundai, Lotte, Woori, KB Kookmin, Hana, and BC, and a total of 5 combined card companies, including Suhyup, NH Nonghyup, Gwangju , Jeju and Jeonbuk Bank. Credit and debit cardholders can use it, but corporate cards cannot be changed or canceled by direct debit.
The Financial Services Commission said: “Currently, only telecommunications charges can be changed or canceled, but by the end of this year, we plan to expand to electricity bills, school banking, four major insurances and administrative expenses.”
Jeonghyun Kim reporter [email protected]
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