BC Card (Mun-whan Lee, President and CEO, www.bccard.com) announced on July 21 that it will further expand the ‘365-day Deposit Service for Merchants’ to lead the co-prosperity with small and medium sized merchants.

‘365-day Deposit Service for Merchants’, as a service introduced by BC Card for small and medium-sized merchants for the first time among the card companies, enables merchants to deposit money 365 days regardless of holidays and public holidays. It means that BC Card will actively support small and medium-sized merchants with the 365-day deposit system, which is not a temporary benefit of helping on holidays or at the end of the year.

Notably, the sales revenue generated during the holiday season (Feb. 2~6, 5 days) can be deposited on holidays, so it is expected to be a great help for small and medium-sized merchants. This service can be applied through the BC Card merchant site (Partners)¹

Currently small and medium sized merchants² that receive proceeds of sales from Woori Bank and IBK bank accounts are eligible and it is planned for expansion into other financial institutions and merchants in the future.

Gang-hyuk Lee, Vice-president of BC Card Business Infrastructure Division, said, "We are very pleased to be able to offer services that provide real benefits to merchants along with partner banks that issue BC cards before the nation's biggest holiday. We will continuously put efforts to provide various benefits for mutual prosperity with our merchants. "

Meanwhile, BC Card is striving to build a win-win environment with its merchants by launching a service that can further reduce merchant fees through the introduction of 'QR Scan Payment' of MPM method in early January.

¹Partners (partners.bccard.com) : Exclusive site for BC Card Merchants

²Small and medium-sized merchants' examination and operation standard of '365-days Deposit Service' differ according to affiliated financial institution