Finance
IBK Industrial Bank of Korea revamps instant card sales deposit service for small merchants
IBK Industrial Bank of Korea said on Tuesday it will officially operate an improved \"instant card sales deposit service\" from March 3 to help small merchants boost liquidity. The service deposits card payment proceeds to merchants immediately without extra fees, instead of the usual 2 to 5 days. The bank simplified applications by scrapping seal certificate submissions. It also added a daily batch deposit option at 10:30 p.m., while keeping real-time deposits within an average of 10 seconds.
