BC Card(CEO Lee, Jong-ho, www.bccard.com) signed an agreement with SH Suhyup Bank on the 24th for a strategic business tie-up to increase business stability and boost its competitive edge in the card business.

The ceremony of agreement was held at the headquarter of BC Card, located in Seocho Dong, where CEO of BC Card Lee, Jong-ho and President of SH Suhyup Bank Lee, Ju-hyung were present along with the executive employees from both companies.

The details of the agreement are mainly concerned with the conversion of card-issuing service in SH Suhyup Bank, the partnership in the service for issuing newly-launched cards such as Green Union Pay Card and mobile cards, implementation of Internet Secure Payment into e-commerce, sponsoring development of card products and marketing, and service related to member stores, etc.

BC Card and SH Suhyup Bank plan to make up for the deficiencies of each company in the credit card business, to actively cope with the ever-changing, future-oriented environment in the credit card industry, and to cooperate with each other for mutual development as much as possible.

BC Card predicts that with the issuance of next generation BC mobile cards that meet Korean Standard ㉿ and Green Union Pay Card, an eco-friendly card product, it will realize the open platform to make a contribution to expanding the issuance of associated cards.

The relevant staff at BC Card said, “by performing the card-issuing businesses that require an economy of scale, BC Card can help SH Suhyup Bank to focus more on marketing as well as reducing costs. It will boost efficiency in business.” Also, he added that, on the basis of the 30-year know-hows of processing the card business, the company would provide the best card service to SH Suhyup Bank.