BC Card announced the launch of its shared payment service, 'Family Pay,' on September 7.
This service allows family members or friends to use a single payment method together.
The operation is straightforward. A designated representative registers a credit or debit card or Paybook money as the payment method. When an invited member requests a payment, the representative must approve it.
When a member chooses 'Family Pay' while making a purchase on an online shopping site using Paybook, a request for approval is sent to the representative. Once the representative verifies and approves the request, the payment is completed using the registered payment method. The representative can manage member invitations and accounts, as well as approve or decline individual payment requests.
Previously, to facilitate online payments for children or parents, it was necessary to share card numbers or make payments on their behalf each time. With Family Pay, members can request payments from their Paybook without sharing physical cards or payment information, while the representative can approve the requests.
Eligibility for the service requires that the representative be a Paybook member aged 19 or older, who invites other members to join. Paybook members aged 14 and older can accept invitations to participate as family members.
Considering regulations that prohibit card transfer and lending, BC Card has implemented a system where the representative directly approves each payment. This approach aims to share payment methods while preventing exposure of card information.
Ha Hyun-nam, Executive Director of BC Card and head of the Paybook division, stated, "We launched this service to create an environment where family or friends can safely and conveniently share payment methods without sharing or lending card information. We will continue to strengthen our position as a daily financial platform that enhances customer convenience in their everyday lives."
This service allows family members or friends to use a single payment method together.
The operation is straightforward. A designated representative registers a credit or debit card or Paybook money as the payment method. When an invited member requests a payment, the representative must approve it.
When a member chooses 'Family Pay' while making a purchase on an online shopping site using Paybook, a request for approval is sent to the representative. Once the representative verifies and approves the request, the payment is completed using the registered payment method. The representative can manage member invitations and accounts, as well as approve or decline individual payment requests.
Previously, to facilitate online payments for children or parents, it was necessary to share card numbers or make payments on their behalf each time. With Family Pay, members can request payments from their Paybook without sharing physical cards or payment information, while the representative can approve the requests.
Eligibility for the service requires that the representative be a Paybook member aged 19 or older, who invites other members to join. Paybook members aged 14 and older can accept invitations to participate as family members.
Considering regulations that prohibit card transfer and lending, BC Card has implemented a system where the representative directly approves each payment. This approach aims to share payment methods while preventing exposure of card information.
Ha Hyun-nam, Executive Director of BC Card and head of the Paybook division, stated, "We launched this service to create an environment where family or friends can safely and conveniently share payment methods without sharing or lending card information. We will continue to strengthen our position as a daily financial platform that enhances customer convenience in their everyday lives."
* This article has been translated by AI.
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