We are used to discussing euro payments in our blog. But what about other transfer options? For instance, CHAPS payments are a specific transfer method used in the UK. Although you can only make a CHAPS payment in British pounds, it still can be very effective for a couple of purposes. Want to learn which ones? In this article, you will find out what CHAPS payments are and how to make a CHAPS payment. What is CHAPS? CHAPS stands for the Clearing House Automated Payment System, which is used for receiving and sending money within the United Kingdom in GBP

Having the right business bank account is a crucial step for any company to take. This will let you carry out your business banking processes and keep control of your funds. Read on to find out how to compare and identify the best online business bank account options. Key features of an online business bank account You need a useful business account that is going to let you send and receive transfers effortlessly, as well as keep track of your financial transactions with the help of the following key features. Accessibility and convenience 24/7 access means online business bank accounts

Choosing the right business bank account is vital for a start-up to manage its finances efficiently. At this important stage in the company’s development, the right business accounts can help start-ups in several ways, which we’ll look at here.  Genome is an innovative electronic money institution that offers a selection of comprehensive business account solutions. We have useful options for anyone looking for a solid startup business account to start accounts, get cards, and make bank transfers locally or worldwide. We’ll be looking at the points to consider when looking for the best startup account for a growing business based

Fintech (financial technology) and iGaming industries benefit from each other as their cooperation grows. For one, fintech solutions are revolutionizing how players engage with online platforms by providing a wide spectrum of services. For instance, instant payments and blockchain security.  On the other hand, the gamification of services has become more common within financial businesses.  In today’s article, we will explore the synergy between the gaming industry and fintech and find out which direction it goes. The integration of financial technology in iGaming The global iGaming market is projected to reach $133 billion by 2029, partly driven by financial innovations.

A BACS payment is an electronic transfer of money made between banks in the UK. As one of the most popular and efficient methods of moving cash, it’s become a hugely important aspect of the financial world, with over 140 billion transactions carried out since it was established. BACS stands for Bacs Payment Schemes Limited now but was originally known as the  Bankers’ Automated Clearing System. This process was introduced in the late 1960s to avoid the delays and paperwork involved in using cheques as a bank payment system.  Read on to find out how BACS transfers work, the BACS

Responsible gambling tips are important for anyone who wants to place some bets. The right advice can help bettors avoid problem gambling issues. Following this advice increases the enjoyment of betting sites and helps keep the player’s financial health in order, too. To support responsible gambling and help users avoid gambling problems, our team has prepared some important tips to follow. We’ll be looking at how gambling activities can be safer when carried out responsibly. Understanding responsible gambling What is responsible betting, and how can people avoid becoming problem gamblers? This is about the way you view gambling and use

ACH payments (Automated Clearing House payments) provide one of the most important ways of moving money between banks in the US.  It is regarded as a highly efficient and secure method of making transfers from one bank account to another, making the ACH transfer process extremely popular in different industries.   What are Automated Clearing House (ACH) payments? ACH payments are electronic transfers between financial institutions in the US, involving transfers from one financial institution to another across the ACH network.  ACH transfers are typically used for transactions, including bill payments, paychecks, and recurring monthly debits. Social security payments and tax

Want to access seamless and fast money transfers while holding a smartphone? In 2024, it is a common wish for many people who want to prioritize time and convenience.  According to the latest research on the topic, 40% of mobile users in 35 countries around the world will start actively using mobile financial apps in the next 5 years. Thus, such a feature will certainly increase demand.  Want to learn what the primary advantages the best international money transfer app should possess? Find out below!  What is a money transfer app? A money transfer app is a digital tool that

Originally a U.S. post-Thanksgiving shopping event, Black Friday has transformed into a global retail frenzy. The promise of huge discounts and exclusive Black Friday deals excites people’s minds from all over the world.  Savvy shopping requires smart financial services, like we have in Genome, to optimize spending during sales and get the best deal on Black Friday. Find out more in the article below.  Understanding Black Friday deals A Black Friday deal is a time-limited discount that allows huge savings from the original price. These deals are often heavily advertised, targeting high-demand products to attract as many people as possible

Banking is becoming a very competitive sector, with financial institutions diversifying the features and services they offer. In 2024, you can find anything, from dedicated IBAN accounts to exclusive cashbacks. But what about a free account for your company? Well, where there’s demand, there’s supply. In this article, our team will explain the essential features a free business bank account should have in 2024 for the business banking needs of small businesses and sole traders.       Why does a free business bank account matter? A business bank account (also known simply as a business account) is a type of account financial