Business services
Business banking tips every company should know
Business banking choices shape how smoothly your company runs, from daily payments to long-term planning. The basics start with dedicated business checking accounts for income and expenses, and business savings accounts for reserves and tax buffers. Strong business banking services should also help you pay suppliers, manage cards, and track activity without extra admin work. Many companies use multiple banks to reduce risk and keep backup payment options available. Keeping spending separate from personal accounts is essential. With a clear business plan and using the tips we share in this article, you can choose business accounts and tools that match
Business services
What are real-time payments and how do they work?
Instant payments are real-time payments that let you send money immediately. It ensures good cash flow and avoids the problems associated with delays. We’ll be looking at how real transactions work and the benefits they offer. Real-time payments explained What are real-time payments, and how do they help your business? The emergence of real-time payments has changed the way we handle financial transactions. While it once took a long time for payments to land in a bank account, immediate payments now ensure a rapid, seamless payment process. They’re processed immediately, which is a significant change from the past. Previously, a
Business services
Payment processing for the travel industry
The subject of payment processing is one of the most crucial aspects in the travel industry. It is a part of the travel business that needs to be done right to ensure that a variety of payment methods are accepted without any delays or fuss. Online travel agencies, tour agencies, and other industry players need a reliable way of carrying out payment processing that increases confidence and customer satisfaction. We’ll be considering the different aspects to bear in mind and how to get started safely. Why is payment processing more complex for travel businesses? There are several reasons why payment
Business services
Merchant account setup guide for online businesses
Setting up a merchant account is the foundation, the first step, for any digital business that wants to accept online payments. A simple business bank account here is not enough. The main purpose of a merchant account is to enable payment processing, manage cash flow, and scale across European markets (for that, it is better to partner with an EU-based payment provider). Here you can find how merchant account setup works, when you really need a merchant account, and why choosing the right account provider matters. What is a merchant account? Let’s first answer the “what is a merchant account?”
Business services
iGaming merchant account: what it is and how to open one
Payment processing is one of the key aspects of an iGaming merchant. It needs to be a seamless process that allows gaming transactions to go through smoothly with no risk or delay. Good, professional, and efficient payment processing helps to prove that a gaming merchant can be trusted. We’ll be looking at the best payment solutions for casinos, sports betting platforms, and other online gambling operators. What is an iGaming merchant account? An iGaming merchant account is a specialized financial account for online gaming operators. It allows them to process user payments and make secure payments to players who want
Business services
Open Banking and PSD2 difference: complete guide for businesses
Understanding the difference between Open Banking and PSD2 is crucial to using the latest technology well. These are ways of handling financial data and bank accounts, leading to a more seamless process for users. We’ll be looking at the EU regulation contained in PSD2 that allows Open Banking. We’ll also see how Open Banking is being used as a growing market practice by modern financial institutions. It’s a secure framework that allows pay-by-bank transfers and SEPA Instant in the EU. Find out why the Open Banking and PSD2 details are crucial to businesses that want to make smart banking decisions.
Business services
Benefits of a merchant account: Why online businesses need one
Running an online business is easier when payments are smooth and predictable. A merchant account connects your checkout, payment gateway, and payouts so you can get paid without friction. The benefits of a merchant account include better tracking, faster access to funds, and a more trusted checkout. Genome offers merchant services built for modern online businesses. Learn all about merchant accounts in this article! What is a merchant account? A merchant account is a type of business account that helps you take customer payments and receive the funds in an organized way. With a merchant account, money from a purchase
Business services
Fintech for the travel industry: A complete payments guide
The travel industry is now a high-volume, global business. It means that clients need flexible payment options with different currencies. The latest fintech innovations have become essential in creating secure transactions without delays, fraud, or high costs spoiling the customer payment experience. Why the travel industry needs fintech solutions The digital era has brought a variety of challenges for the travel sector. These include the following issues that each require new fintech travel solutions. The industry continues to grow With a high volume of global transactions, this is a fast-moving industry. Travelers want to book flights and hotels 24/7 from
Business services
What is an Open Banking payment? Benefits and use cases
An Open Banking payment is a direct bank-to-bank transfer initiated at checkout, where the customer approves the payment inside their own banking app. Instead of entering card details, the buyer is securely redirected to their bank, confirms the amount, and the transfer is sent straight to the merchant. It became popular as more financial institutions started sharing customer-permitted financial data through regulated frameworks. With Open Banking APIs, licensed third-party providers can connect to banks to start payments and confirm them, without exposing sensitive credentials. Key benefits include strong authentication, fewer fraud vectors, and faster confirmation. It can also simplify reconciliation,