Payment Service
> Easy Payment APIs
> COATM
Launched Life Convenience Services
Through COOCON API’s, Toss, a Bigtech company in Korea, developed a service that enables immediate ATM cash withdrawal by typing an authorization code created on the mobile app.
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NICE Total Cash Management, Lotte PS Net, Hyosung TNS, Hannet
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Provides ATM Cash Deposit/withdrawal, its user guide, location of ATMs
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Toss
Initial Set-up costs
Monthly fee
Additional fee
(per transaction)
Payment Service
> Easy Payment APIs
> Account Holder Inquiry
Provides Non-Contact Car Financial Services
Volkswagen Financial Services Korea, the capital brand of Volkswagen Group, developed non-contact car-related financial services; installment purchase, lease, and rental, by automating process of receiving payments through COOCON API’s.
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All banks in Korea
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Provide Account-holder verification result when processing services related with purchase, lease, rental of a car
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Volkswagen Financial Services
Initial Set-up costs
Monthly fee
Additional fee
(per transaction)
Payment Service
> Easy Payment APIs
> Account Based Easy Payment
Provides 24-hour ‘Direct Payment’ Service
GS Home Shopping (GS SHOP), Korea’s first TV home shopping channel, developed a Bank Account based Debit Payment service, which enables 24-hour payment through COOCON APIs, especially for nighttime customers who have difficulties with payments due to internal inspections of banks.
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All banks in Korea
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Provides Bank Account based
Debit Payment -
GS Home Shopping
Initial set-up costs
Monthly fee
Additional fee
(per transaction)
Payment Service
> Easy Payment APIs
> Account-Verify 1₩(KRW) Deposit
Developed a Non-contact Real-name Verification Process
For the Non-contact Real-name Verification, KB Kookmin Card adopted the Account-Verify 1₩(KRW) Deposit API of COOCON which allows to reduce its costs of customer service and system monitoring.
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All banks in Korea
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Provides an authorization code
when KRW 1 is transferred to
a customer’s account of KB Kookmin Card -
KB Kookmin Card
Initial set-up costs
Monthly fee
Additional fee
(per transaction)
Payment Service
> E-Banking APIs
> Virtual Account
Confirms the Accuracy on Receiving Payments
KT, the largest telecommunications company in Korea, adopted COOCON’s virtual account to automate the process of receiving payments and prevent errors in it.
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All banks in Korea
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Provides virtual account and
its deposit details -
KT
Initial set-up costs
Monthly fee
Additional fee
(per transaction)
Payment Service > E-Banking APIs
> Direct Deposit
implemented real-time easy transfer
Hanpass, a Global Forex Financial Platform, implements the real time domestic easy transfer
for its customers through COOCON API
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hanpass
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Deposit from the corporate account
to the designated account -
All banks, online banks and
securities firms in Korea
Initial set-up costs
Monthly fee
Additional fee
(per transaction)
Payment Service > E-Banking APIs
> Direct Debit
Automated the Process of Collecting
Insurance Premiums
LINA Life Insurance, a Korean affiliate of a global financial group, Cigna, developed insurance premium transfer service through COOCON. They collect insurance premiums regularly from registered accounts of customers.
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All banks, online banks and
securities firms in Korea -
Withdraw insurance premiums from
customers’ accounts and
transfer them to its account -
LINA Life Insurance
Initial set-up costs
Monthly fee
Additional fee
(per transaction)
Payment Service > E-Banking APIs
> Transaction Details Notification
Simplified Account Management
Korea Student Aid Foundation, the organization exclusively responsible for scholarship projects in Korea, is managing its accounts of loan, scholarship and donation projects conveniently with data of financial transaction details through COOCON API.
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All banks, online banks and
securities firms in Korea -
Provides transaction details of
accounts real-time -
Korea Student Aid Foundation
Initial Set-up costs
Monthly fee
Additional fee
(per transaction)