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 […]
Every year, digital payments are becoming more and more popular, both in payments for goods and services by individuals and between businesses. All indications are that the use of paper checks should have long since become a thing of the past. But here’s the paradox, many companies still use them. Why are they still relevant? […]
В современном цифровом мире все больше людей отправляют средства другим пользователям или перечисляют их на счёт компании в режиме онлайн. Это неудивительно, ведь мало кто решит оторваться от важных дел для того, чтобы съездить на другой конец города и лично передать деньги за товар либо услугу, не говоря уже о том, чтобы отправляться в другую […]
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. […]
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 […]
How do I get money from another country, and what do I need to do? First of all, you need to find a person who will send you the money. But that’s not all because you will also need to get an IBAN account online to receive it. Even though an IBAN bank account consists […]
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 […]
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 […]
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 only […]
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 […]