Mastercard has changed its fraud and chargeback merchant compliance programs

What are payment methods? A payment method is an option that a client can choose to pay for goods or services. In retail stores, a merchant might operate with physical cash, banknotes, prepaid cards, mobile payments, checks, gift cards, credit and debit cards. In the eCommerce sector, the payment methods usually include more options for online exchange.  Types of eCommerce payment methods Digital wallets. Digital wallets, which are also called eWallets, enable a client to make a purchase in any currency, including EUR and USD, without obtaining a physical card. Before making payments, a client must connect their bank account to

The must-have mechanism that lays the foundations for sales is money exchange. In other words, this process is also known as a payment. The cashless society is not a distant variation of the future. Indeed, it’s the reality of millions of people worldwide. No wonder that payment methods have also evolved compared to what they looked like only 50 years ago.  But what does this change mean for businesses? Many companies now either create websites for their physical stores or operate online only. E-commerce has made shopping fast and effortless for both clients and sellers. Of course, it’s only possible

Local payment methods are essential services to understand when building an e-company in a certain area. Today Genome dedicates a whole blog to the phenomenon, explaining their kinds, and introducing readers to the most prominent European local methods,  Local payment methods – how they relate to worldwide ones Local payment methods represent a combination of the most frequently used payment options in a certain geographic location to accept money and receive money. These financial services are sometimes available only in a precise geographical area. Here’s what we mean: credit and debit cards are a common local payment method in Germany,

It’s no secret that financial services are now flourishing in all parts of the world. Due to high competition in this sphere, people can choose from a wide range of providers or even have a couple of accounts.  The timeframes of money transfers are among the crucial factors to consider. Especially when we’re talking about transactions overseas. Here comes the tricky part – to send a speedy payment, one needs to know the basic terminology connected with types of payments/bank details.  Genome supports various transfers and helps individuals and companies when it comes to starting personal or business wallets, merchant