The epidemic is already being seen as a watershed moment in the history of banking, owing to the convergence of dynamics changing the sector. COVID-19 has prompted banks to be more proactive, to re-examine long-held beliefs, and to be more adaptable and inventive. Rather than looking back on their accomplishments, people are more prone to […]
If you have an online business, you probably should have opened a merchant account. This type of account allows customers to pay for the goods purchased on the store’s website through a bank card, which simplifies the purchase process for both the client and the seller. However, the process of opening a merchant account is […]
It is good to have a bank account on the Internet, as well as money on it. After all, in this case, using the best online bank, you can quickly send any payment, even without leaving the territory of your own home. Today, it is no longer possible to meet a person who would not […]
Online gambling has already become not only fun, but also a global business, that encompasses all the world. For 2021, the global online gambling market is estimated at $ 72.02 billion and is forecasted to grow by 12% by 2025. Growing urbanization and the digitalization of technologies around the world are the main drivers of […]
Every year our life is getting faster and faster. The speed of financial operations stands on the top of the business mountain. That is why instant payments are so popular today. Suppose the creation of a single euro payments area (SEPA) previously seemed distant today. In that case, the largest financial institutions are working to […]
With the introduction of the global international bank account number (IBAN), which was implemented based on EC Regulation 2560/2001 and the European Committee on Banking Standards (ECBS), all banks and other companies providing financial services to individuals and businesses were obliged to make changes in how payments were made and processed. It was a question […]
Proof of account ownership is an official letter from a bank or other financial institution stating that your bank account is registered in your name, along with the relevant banking information. Why do you need to have proof of account ownership? When a merchant opens an e-commerce store or changes bank details for an existing […]
The process of processing a transaction seems very simple and fast to buyers. From their perspective, it is enough to press a few buttons, and the goods will be paid for. All they have to do is pick them up after delivery. However, processing payments is a whole art, a mechanism consisting of many elements. […]
Although back in 2019, online banking was becoming increasingly popular, many users still used to visit banks out of habit and solve all financial issues directly in branches. However, online banking trends began to interest millions of people in 2020 during the pandemic, when people were forced to sit at home, and traditional banks were […]
There is probably not a single person on the Earth who would not like to send money online to other people or transfer it to the account of a company. It is not surprising, because few people will decide to break away from important matters to go to the other end of the city and […]