You may have heard of these terms and wonder the exact meaning of SWIFT or IBAN, and the essence put in simple words. In fact, the main difference between these terms are as follows: within the European Union area SEPA is translated as “single euro payment area” allows you to make payments without limits in […]
What is BIC/SWIFT code? The abbreviation SWIFT carries the meaning “Society for Worldwide Interbank Financial Telecommunications” – the name is long and from this, it becomes clear why the whole world knows it in abbreviated form. Thanks to this system, more than 10,000 banks and other financial institutions in the world have established standards and […]
Previously, when there was no such international account number (IBAN) for banks, there were a lot of errors and confusion during the identification of accounts of different banks in countries of multiple parts of the world. There were different standards, which became a source of errors in transactions. After the appearance of IBAN, in those […]
Traditional banks have been and will continue to exist on the market – at least three-quarters of the population still turn to them for services. But in recent years, in front of long-established traditional banks, a new competitor, fintech, has been growing. The fact that people began to massively switch to more innovative technologies is […]
Phishing is a hacking method that tricks people into extorting their sensitive information or downloading software that harms a device. This effective and simple method appeared a long time ago – one of the oldest types of cybercrime and at the same time one of the most innovative. Phishing never ceases to evolve and hackers […]
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 […]
Each company has its own specific operating environment, and each company’s needs are unique. However, there is one thing that both small private businesses and large corporations have in common. We are talking about the need to accept payments from their clients. Installing POS and credit card terminals seems like a universal solution, but that’s […]
Accepting credit cards has a positive effect on sales. Now you only need to choose a company that will ensure smooth processing of online payments. But it is not that simple, because you will have to pay a commission for it. How to calculate it? Which company will offer the best conditions? Unfortunately, it will […]
The year 2020 has been a real test for many sectors of the economy. When it comes to online payments, they have only become more popular. Yet, in the future, online payments will undergo serious changes. This will not happen in 10 or 30 years but 2021. We offer you a short online payment industry […]
If you have been using the services of banks for a long time, you probably remember the times when you had to visit one of the bank branches to make even the smallest transaction. Such a connection to the physical location of the bank took a lot of effort and time. This is true not […]