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DISPUTE OVER CREDIT CARD FEES WORSENS IN S.KOREA.
SEOUL, Sept 1 Asia Pulse - The dispute between credit card issuers and retailers over credit card fees took a turn for the worse on Wednesday after BC Card raised its commission fee as planned.
In response, E-Mart, the country's biggest discounter, immediately banned consumers from using BC Card's credit cards in its stores.
The credit card company said it raised the fee from the current 1.5 per cent to 2 per cent-2.35 per cent at the chain store's 65 branches nationwide.
BC Card's action comes after a series of negotiations failed with E-Mart, which is adamant against higher fees.
A BC Card official said, however, that the company will open a window of opportunity to continue talks ...
- Homegrown buyout fund Vogo eyes BC Card.
- News wire article from: YON - Yonhap News Agency of Korea March 17, 2006 700+ words
...their stake in the credit card company. After a...due diligence on BC Card's assets and liabilities...in mind to get the credit card company listed on...stock market." BC Card, which manages the credit card business with 11...
- Vogo Fund seeking to buy BC Card.
- News wire article from: YON - Yonhap News Agency of Korea May 28, 2009 700+ words
...is again seeking to take over BC Card Co. three years after it failed...combined 31.7 percent stake in BC Card, which manages the credit card businesses of 11 local banks...hold price negotiations with BC Card after conducting a due diligence...
- S KOREAN EQUITY GROUP VOGO FUND SEEKING TO BUY BC CARD.
- News wire article from: AsiaPulse News May 27, 2009 700+ words
...is again seeking to take over BC Card Co. three years after it failed...combined 31.7 per cent stake in BC Card, which manages the credit card businesses of 11 local banks...hold price negotiations with BC Card after conducting a due diligence...
- BC Card joins with U.S. company to offer ATM service in U.S.
- News wire article from: YON - Yonhap News Agency of Korea November 19, 2009 700+ words
...Nov. 18 (Yonhap) -- BC Card Co., South Korea's leading...alliance between the South Korean credit card firm and Star Network enables BC Card customers to get card services...Under the arrangement, BC Card holders will not have to pay...
- S.KOREA'S BC CARD JOINS WITH U.S. CO TO OFFER ATMS IN U.S.
- News wire article from: AsiaPulse News November 18, 2009 700+ words
...SEOUL, Nov 18 Asia Pulse - BC Card Co., South Korea's leading...alliance between the South Korean credit card firm and Star Network enables BC Card customers to get card services...Under the arrangement, BC Card holders will not have to pay...
- Credit Card Companies All-Out for e-Business.
- Newspaper article from: Korea Times (Seoul, Korea) March 23, 2000 700+ words
...in September to give its credit card subscribers all the details...the Internet. Meanwhile, BC Card began offering its credit card holders a 14-16 percent...nonsubscribers download BC Card's credit card program and use it exclusively...
- Vogo Fund buys BC Card stakes from Hana, SC First Banks.
- Magazine article from: Global Banking News (GBN) August 31, 2009 700+ words
...to Standard Chartered, BC Card's total gross assets...trying to buy a stake in BC Card since 2006, is an independent...of committed capital. BC Card was established in 1982...South Korea and processes credit card transactions. [Editorial...
- 7 Credit Card Firms Cited for Collusion.
- Newspaper article from: Korea Times (Seoul, Korea) January 3, 2000 700+ words
Seven credit card companies were caught colluding...service charges. The seven include BC Card, Diners Card and credit card affiliates belonging to the Korea...According to FTC officials, the credit card companies had allegedly consulted...
Source: HighBeam Research, DISPUTE OVER CREDIT CARD FEES WORSENS IN S.KOREA.