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 […]
For many companies, payment processing comes down to opening a merchant account and then sending the information received from customers to the processor. Then other participants perform all the actions, and the money ends up in the company’s account. What else needed? However, it is a complex and more complicated process. The company needs to […]
If your company is still offering products to customers after the incredible year 2020, it just means you’re really lucky. Thousands of companies have simply shut down and been forgotten about. And we’re not just talking about small firms, but also very large companies that claimed to be industry leaders back in 2019. The crisis […]
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. […]