IC switching devices with existing business operators backlash

[Korea financial newspapers around the lower cervical reporter] IC device with a switch and a business card fees has raised the issue three existing members. We have added three to four operators selected disadvantage is the position that you need assistance.

Park Chan for Democratic uiwonsil along with the Small Business Association held the last 28 days' long term cut card fees and emergency meetings of the IC device switching project. The conference announced the Finance Committee, the Credit Finance Association, Van (VAN) providers, small business associations, including officials entry to the IC card terminal switch business and participates fees.

IC switching device business is a small business to replace it with a free merchant IC devices to 100 billion won fund to embellish their card issuer after the spill. This supports the small merchant IC device and it was a business purpose to induce a lowered commission van 100 original levels by 40-53 won level. FSC in June 2015, but the selection of the Korea Smart Card, Credit Card Network Korea, KFTC operators to lower the conversion rate was recruited new players. FSC in the process was assigned a quota of 30% for vans fee of 75 won third place instead of participating collectively applied.

Korea Financial Telecommunications and Clearings Institute, Korea Smart Card, Credit Card Network Korea was forced to argue that the existing participants endure a deficit as large as baensa selection switch IC terminal operators. Three companies asserted that accommodate vans fee cuts for public service was the Credit Finance Association, while putting a lot of money in the van dealer registered for the proposal not project participation conditions, baensa've got to secure the merchant no additional cost advantage only baensa .

Korea Credit Card network, "a large baensa is advantageous in Cash promotion and distribution network dominance" and "existing operators to transition to the existing structure baensa favorable in that it does not retain its franchisees transition destination state," he said.

Korea explained that credit card network, while also building completion committed funding of 6 billion won van system for businesses involved difficulties in management.

A large backlash baensa 75 won the commission pointed out that there is likely to be rather impressive.

Korea Smart Card, argued that "large baensa general fee is likely to return rather than the existing contract fee when opposition with 95 original levels" and "may be contrary to the public spirit of small merchant card fee cuts."

KFTC explained that IC terminal has an annual deficit of 2.5 billion won last year generated based on a conversion price contract.

Three companies said, "We need to expand the IC device can be installed merchants and enhanced support."