CLS Vendors
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KFTC
Korea Financial Telecommunications & Clearings Institute (KFTC) is a payment services provider operating a variety of payment systems for financial institutions in Korea. The payment systems operated by KFTC cover check clearings, Giro payments, interbank funds transfers and a wide range of electronic payments. Since its foundation in 1986, KFTC has been playing a leading role in the growth of the payment industry in Korea. Around 41 financial institutions, including 25 securities companies, are currently offering cutting-edge payment services to their customers through the payment system infrastructure of KFTC. In addition, KFTC products include the Uniway for CLS, a straight-through processing solution for CLS Settlement Members.
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