Genome Blog
Business services
Payment descriptors explained: what customers see on their statement and why it matters for chargebacks
Security
Business email compromise: how invoice redirection scams work and how to stop them
Business services
Merchant category codes (MCC) explained: how your MCC affects approval and fees
Product news
Month in review: October 2026
Business services
Card processing fees explained: Interchange, scheme fees, and MDR
Good payment processing feels invisible to customers, and it is best when it goes silent for a business too. In fact, to make a simple purchase on a website, payment providers and card networks have built enormous infrastructure to reach even an average level. This apparently makes it costly for them. For merchants, card processing fees can feel complicated, and they should. They are rarely a single, unified price, because of a wide range of services. Nevertheless, your average card payment processing fee structure consists of three distinct parts that combine to create your total rate. We’re here to help
Business services
Payment descriptors explained: what customers see on their statement and why it matters for chargebacks
Have you ever opened a banking app and been confused by an unfamiliar transaction? Many people do. It is hard to calculate an exact number. Still, Mastercard conducted research in 2024 and found that 50% of customers questioned a purchase they made in the last 12 months, and 24% did not recognize a transaction at all. How is this possible? Real-life examples: In 2022, NortonLifeLock merged with Avast. The combined company subsequently became Gen Digital. So, they also merged billing systems. But in Japan, specifically, customers who purchased Avast or AVG products began seeing Norton or NortonLifeLock on their bank
Security
Business email compromise: how invoice redirection scams work and how to stop them
A regular vendor sends their monthly invoice. The logo, items, and payment terms look completely normal. Your team schedules the transfer and pays it on time. Weeks later, the vendor calls to ask where their money is. You check your bank account. The money left your account weeks ago, but the vendor never got paid. This is the classic sign of business email compromise (BEC). Fraudsters do not always need complex malware to steal your money. Instead, they use simple deception to run invoice redirection scams. They slip into normal email chats, change bank details, and quietly steal company funds.
Business services
Merchant category codes (MCC) explained: how your MCC affects approval and fees
As our team has established in a previous article, a lot of processes happen behind the scenes when you accept card payments on your website. Within seconds, payment networks identify the buyer, verify available funds, and evaluate the transaction. During this instant exchange, card networks do not identify your business solely by your legal brand name. Instead, they identify you through a simple four-digit number known as an MCC code. This merchant category code shapes how financial institutions view your business risk, sets baseline transaction costs, and directly affects whether an acquiring bank approves your application to accept payments. Understanding
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Business services
What is SME in business? Understanding small and medium enterprises
How to's
Genome cards, part one: card order, limits, contactless payments
Business services
What is an instant bank payment? A complete guide for businesses
Product news
Virtual card PINs: withdraw cash from ATMs using a virtual card!
Product news
Take your business payments worldwide with international transfers!
Is your company ready to majorly improve its financial operations and expand its money transfer capabilities? Genome has paramount news for you! Our business wallet users can send and receive international payments across 161 countries and territories! They can also receive Faster Payments, BACS, and CHAPS within the UK and benefit from the reliability and security of TARGET2 payments. We are talking about all major destinations, such as the US, Japan, Canada, Australia, and dozens of European countries. With our easy-to-use, seamless transfer feature, you can make and schedule international transfers to your business partners, employees, contractors, etc. The SWIFT payments
Business services
What is SME in business? Understanding small and medium enterprises
The SME definition is pretty simple: it stands for small and medium enterprises – the kind of businesses that make the world go round, literally. According to the World Bank, the SME sector represents 95% of registered businesses globally and accounts for over 50% of total employment. From micro businesses, like local coffee shops and family-run bakeries, to growing tech startups and medium-sized companies in the manufacturing industry, SMEs play the biggest role in the economy on a global scale. Medium-sized enterprises keep local communities alive and make up the vast majority of jobs there, providing opportunities where large corporations
How to's
Genome cards, part one: card order, limits, contactless payments
One of the main goals of Genome’s team is to make financial services as accessible and user-friendly as possible. And we commit to this goal completely. That’s why you are now reading this article, as we wanted to clarify some of the questions you might have regarding our cards. This topic is actually pretty vast, and we will break it into several parts. So be on the lookout for part two pretty soon! How to order Genome cards? Genome provides virtual and physical debit Visa cards for personal and business wallet owners. Virtual cards can be used for online and
Business services
What is an instant bank payment? A complete guide for businesses
Do you like the idea of instant transactions, instant payments? If you’ve ever waited a day (or two) for a bank transfer to land, you already know why instant bank payments became such a big deal. Nobody wants to wait to transfer money or listen to “tomorrow morning” or “during regular business hours.” This is where instant bank payments come in. They allow money to move between bank accounts in seconds, giving companies and consumers a faster, safer, and cheaper way to get paid. If the instant payment system is such a big deal, why do many still choose to
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Business services
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Payment descriptors explained: what customers see on their statement and why it matters for chargebacks
Business services
Merchant category codes (MCC) explained: how your MCC affects approval and fees
Business services
Multi-currency settlement for online merchants: optimizing EUR, USD, and GBP transactions
Business services
How real-time pay-in notifications drive growth: benefits and industry use cases
Business services
Card processing fees explained: Interchange, scheme fees, and MDR
Good payment processing feels invisible to customers, and it is best when it goes silent for a business too. In fact, to make a simple purchase on a website, payment providers and card networks have built enormous infrastructure to reach even an average level. This apparently makes it costly for them. For merchants, card processing fees can feel complicated, and they should. They are rarely a single, unified price, because of a wide range of services. Nevertheless, your average card payment processing fee structure consists of three distinct parts that combine to create your total rate. We’re here to help
Business services
Payment descriptors explained: what customers see on their statement and why it matters for chargebacks
Have you ever opened a banking app and been confused by an unfamiliar transaction? Many people do. It is hard to calculate an exact number. Still, Mastercard conducted research in 2024 and found that 50% of customers questioned a purchase they made in the last 12 months, and 24% did not recognize a transaction at all. How is this possible? Real-life examples: In 2022, NortonLifeLock merged with Avast. The combined company subsequently became Gen Digital. So, they also merged billing systems. But in Japan, specifically, customers who purchased Avast or AVG products began seeing Norton or NortonLifeLock on their bank
Business services
Merchant category codes (MCC) explained: how your MCC affects approval and fees
As our team has established in a previous article, a lot of processes happen behind the scenes when you accept card payments on your website. Within seconds, payment networks identify the buyer, verify available funds, and evaluate the transaction. During this instant exchange, card networks do not identify your business solely by your legal brand name. Instead, they identify you through a simple four-digit number known as an MCC code. This merchant category code shapes how financial institutions view your business risk, sets baseline transaction costs, and directly affects whether an acquiring bank approves your application to accept payments. Understanding
Business services
Multi-currency settlement for online merchants: optimizing EUR, USD, and GBP transactions
It is an exciting milestone when your online business goes global. However, as international sales scale, many business owners notice a troubling disconnect on their balance sheet: revenue is growing, but profit margins are shrinking. The culprit is often hidden inside your payment acquiring setup. When your checkout accepts payments in multiple foreign currencies, traditional acquiring channels frequently force those transactions through expensive foreign exchange conversions before the money ever hits your bank account. Switching to multi-currency settlement allows online merchants to hold, manage, and settle revenue in key global currencies like EUR, USD, and GBP. For instance, with a
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Genome named Best All-in-One Business Finance Platform – 2026
Company
Don’t miss out! We host an exclusive iGaming networking mixer during SBC Summit Lisbon
Company
Say goodbye to C2B payment delays thanks to Genome and HUCH’s partnership
Company
We were named Best Financial Services Platform in Lithuania for 2025!
Company
Canadian businesses can start business wallets inside Genome!
Genome continues to expand access to business financial services for companies operating internationally. And we are happy to share a new update: Canada is now available for business client onboarding! Eligible Canada-registered companies can now apply for a Genome business wallet and use our financial services to manage company funds, send international transfers, and support cross-border operations from one online dashboard. Start your onboarding online to access dedicated IBAN accounts and multi-currency accounts in 12 currencies to help you run your business smoothly. Benefit from SWIFT business transfers to and from Canada We have recently expanded our SWIFT business transfers
Company
Genome named Best All-in-One Business Finance Platform – 2026
We are proud to announce that Genome has been named the Best All-in-One Business Finance Platform – 2026 in the Global Excellence Awards by Acquisition International. This recognition highlights Genome’s commitment to helping modern businesses simplify financial operations through innovative payment infrastructure, international transfer solutions, and flexible business finance tools. As companies continue expanding globally, businesses increasingly require more than just traditional banking services. They need fast onboarding, seamless international payments, integrated merchant solutions, and financial tools that support growth across multiple markets. That is exactly what Genome was built for. About the Global Excellence Awards by Acquisition International The
Company
Don’t miss out! We host an exclusive iGaming networking mixer during SBC Summit Lisbon
Heading to the SBC Summit in Lisbon? We have some exciting news! Not only will you take part in one of the most important iGaming conferences of 2025, but you will also get an exclusive opportunity! This year, Genome is hosting an exclusive invite-only networking mixer in Lisbon on September 16, right before the official opening party of the SBC Summit Lisbon. It’s a unique chance for the iGaming community members to meet informally, connect, and share ideas before the summit begins. Operators, affiliate platforms, gambling and betting companies, and technology providers will all come together in one place, making
Company
Say goodbye to C2B payment delays thanks to Genome and HUCH’s partnership
In today’s fast-moving digital world, speed isn’t just a competitive edge – it’s a necessity for your company’s growth. We at Genome know it firsthand, as we can see the successful results of our business clients. And, of course, our team constantly works on improving these services, as well as comes up with new features to boost the speed of client payments and notifications about them. Just recently, we partnered with fintech provider HUCH to bring real-time SEPA payment alerts to businesses across Europe. With the new integration, companies that use Genome and Huch services can now receive notifications the
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The importance of 2FA: why the biometric authentication is preferable to the SMS one
How to's
Money transfers at Genome: options, fees, transfer execution times
How to's
Genome cards, part two: card features
How to's
Genome cards, part one: card order, limits, contactless payments
How to's
Genome expands with 4 more currencies – 12 total for your use! How to benefit from them?
In October 2024, Genome introduced Polish zloty (PLN), Swiss franc (CHF), Japanese yen (JPY), and Canadian dollar (CAD) as new currencies for your accounts and other services. Then we thought – why stop there? And thus, later on, we introduced 4 more new currencies: Czech koruna (CZK), Hungarian forint (HUF), Swedish krona (SEK), and Australian dollar (AUD). This brings the total number of currencies in which you can open an account to 11, including our originals: euro (EUR), US dollar (USD), and British pound (GBP). And later, we expanded even further, adding Danish Krone (DKK) as the 12th currency. So,
How to's
The importance of 2FA: why the biometric authentication is preferable to the SMS one
The article was updated on 18.09.2024 Did you know that Genome offers one of the quickest and most secure authentication methods for your log-ins – biometric authentication? To enable biometric authentication, you just need to: If you don’t have the Genome app, don’t worry. You can easily download it for free for your iOS or Android-based device, giving you instant access to its powerful security features. You might wonder – what is a big deal about additional authentication steps when managing finances online? Unfortunately, even with multiple advanced security solutions, the internet still remains a place where fraudulent scams and
How to's
Money transfers at Genome: options, fees, transfer execution times
Article was last updated on May 8th, 2024 Money transfers are one of the first features you look for when choosing a financial provider. So, it was crucial for our team at Genome to design and offer you the most essential and convenient options for sending funds. Let’s go over our money-transferring services and answer your questions about our features. Where to find Genome’s transfers? You can access all Genome’s transfer options from the main dashboard. If you use the web version, the Transfers section will be in the left-side menu. And for the app users, the Transfers section is
How to's
Genome cards, part two: card features
Not so long ago, the Genome team published a blog dedicated to our virtual and physical cards and contactless payment features. And, as promised, it’s time for part two of the topic. This time, we will focus more on the card features within Genome. Learn what you can do with your cards in this blog. Card activation Now, before using the card’s services, note that your virtual card is activated within 5 minutes after you order it. The same applies to your physical card if you want to use it for online payments. To activate your physical card for contactless
Money and you
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Money and you
Open Banking vs. traditional banking for businesses
Money and you
AI in finance: Benefits, use cases, and trends
Money and you
Electronic money institution vs bank: key differences explained
Money and you
SEPA vs. SWIFT transfers: key differences explained
Money and you
Money transfers in Europe: which option is better?
Imagine a scenario: you’re trying to pay your rent in Berlin or send money to Europe for a birthday gift. While doing it, you see a screen asking if you want to use the “SWIFT” or “SEPA” option. This is where knowing the difference matters, especially if you want to avoid unnecessary fees. Money transfers in Europe can be a complicated subject. Because, despite the EU’s best efforts, the continent is still a patchwork of different “rails.” The Eurozone uses SEPA, the UK relies on its own Faster Payments system, and everything else is often routed through the global SWIFT
Money and you
Open Banking vs. traditional banking for businesses
The choice between Open Banking and traditional banking has become one of the most important decisions in the modern business world. These approaches have different ways of working that affect your cash flow management and handling of financial data. We’ll take a look at how they differ and everything else you need to know. What is traditional banking? It is the way of opening and operating bank accounts that has been around for centuries. This established financial model has dominated global banking for many years, with relatively few changes until recently. Physical branch model One of the most important aspects
Money and you
AI in finance: Benefits, use cases, and trends
Artificial Intelligence (AI) has been introduced into many aspects of our lives, with the finance industry among them. AI in finance can be used in various ways, such as analyzing large amounts of data or automating time-consuming processes. It can also be used to recreate the human-style decision-making process. We’ll look at how financial institutions are now using AI systems to streamline their processes. Find out how AI finance applications are quietly revolutionizing the financial service industry. What is AI in finance? To understand the use of AI in the financial industry, we can look at a few of the
Money and you
Electronic money institution vs bank: key differences explained
An electronic money institution (EMI) is similar to traditional banks in many ways. However, they operate under different legal frameworks that determine how they hold client funds. EMIs focus on enabling easy digital transfers worldwide, while banks use a more traditional approach. Rising fintech adoption and the changing face of global commerce have led to demands for new types of payment institutions and banking services. It is why we are seeing electronic payment services from EMIs becoming ever more popular. Genome operates as a licensed EU electronic money institution EMI. It means that you get a range of e-money options
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Product news
Month in review: September 2026
Product news
Month in review: August 2026
Product news
Month in review: July 2026
Product news
Month in review: June 2026
Product news
Month in review: October 2026
October brought a fresh set of practical guides to help your business grow, improve checkout conversions, and protect your hard-earned money. From explaining merchant setups for different businesses to moving money across borders with fewer fees, here is a quick look at everything we published on the Genome blog in October. European payment methods at checkout When you sell across Europe, relying only on credit and debit cards can hold your sales back. Online shoppers in different countries have unique habits. Many prefer paying through local payment apps or direct bank transfers. Thus, one of the best approaches is to
Product news
Month in review: September 2026
September at Genome was all about making business payments easier to understand. We covered checkout options, card security, settlement times, and the best way to send euro payments across Europe. Read on to find out more. What should you check before choosing a European payment provider? When you’re looking for a provider, a low transaction fee can look appealing. But before you commit, check what else comes with it: supported payment methods, currencies, settlement times, security, and the cost of integrating the service. Our guide to choosing a European payment provider gives you practical questions to ask before your team
Product news
Month in review: August 2026
We made August all about smart payment scaling at Genome! Our team shared practical guides to help companies handle cross-border payments in different currencies, manage high-risk chargebacks, and choose between SWIFT and SEPA Instant Transfers. Whether you operate a travel agency, an iGaming platform, or a growing online business, read on to discover our main insights! Merchant accounts and payment gateways: getting both right Merchant accounts and payment gateways work together, but each has its own job. The gateway sends payment details for approval, while the merchant account receives the money from approved transactions. Our guide that compares merchant accounts
Product news
Month in review: July 2026
We made July feel international at Genome! Our team has provided many practical guides on various financial topics for companies that conduct operations abroad. For instance, how they can manage payments more efficiently and support growth across new markets. We shared practical guides for online platforms, SaaS companies, digital agencies, and other businesses. Read on to discover the main insights! Choosing a business account for international transfers International companies need more than a basic account for receiving and sending money. We are talking about multi-currency support, destination-appropriate payment networks, and transfer destinations required for the company’s everyday operations. Our guide
Security
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Security
Deepfake and AI voice-cloning fraud: how it works and how to protect your finances
Security
What is Verification of Payee (VoP)? EU Mandate, fraud prevention, and Genome feature
Security
Online shopping safety tips: 3D Secure and common mistakes
Security
What is AML compliance? Key requirements and anti-money laundering guide
Security
Business email compromise: how invoice redirection scams work and how to stop them
A regular vendor sends their monthly invoice. The logo, items, and payment terms look completely normal. Your team schedules the transfer and pays it on time. Weeks later, the vendor calls to ask where their money is. You check your bank account. The money left your account weeks ago, but the vendor never got paid. This is the classic sign of business email compromise (BEC). Fraudsters do not always need complex malware to steal your money. Instead, they use simple deception to run invoice redirection scams. They slip into normal email chats, change bank details, and quietly steal company funds.
Security
Deepfake and AI voice-cloning fraud: how it works and how to protect your finances
AI has reached a point where some models can pass a Turing test under specific conditions, create convincing photos and videos of real people, and copy voices. An AI voice-cloning fraud is particularly dangerous in corporate finance because it can imitate a voice used to verify someone’s identity. But even without bypassing voice recognition, it’s a very dangerous tool – someone can impersonate a CEO, police chief, politician, or anyone else with authority to make decisions. Imagine a fake CEO calling accountants to transfer money for unexpected expenses. Such cases have already happened. We already have troubling results overall with
Security
What is Verification of Payee (VoP)? EU Mandate, fraud prevention, and Genome feature
Until the October 2025 SEPA regulation, euro transfers in Europe were routed by IBAN alone. Banks relied solely on the code, with no name checking. SEPA was designed for quick, uninterrupted, and cheap transactions. The problem arises when criminals start to replace a supplier’s IBAN on an invoice – the bank account number is what ultimately determines where the money goes. It could be done in many ways – for example, an email from a business partner announces they changed banks and provides “new bank details,” and of course waits to be paid. This is a so-called authorized push payment
Security
Online shopping safety tips: 3D Secure and common mistakes
Online shopping safety starts with one simple idea: protect every checkout. If you’re asking, “Is it safe to buy online?” – the answer is yes. That is, when you use tools like 3D Secure and avoid common traps. In this guide, you’ll learn secure online payment habits that keep your money and data safer. What is 3D Secure, and why do you need it? The Basics of 3D Secure (3DS) 3D Secure is an additional security layer for online card payments. Think of it as a short conversation between three parties: That’s why it’s called “3D.” It refers to three