Korea Financial Telecommunications & Clearings Institute

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

Business

 * 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