Online safety is crucial when it comes to banking. Especially if we are talking about business accounts. In this Genome article, we will give advice on how to stay safe while using internet financial services, how to create a strong password, and where to open a secured account. What are financial services for business accounts? First of all, a business account is a financial bank account that provides business owners with needed internet financial services. A business account is quite similar to a personal one: a user can open a digital wallet, make payments, transfer money and receive transfers, withdraw cash, and do other operations.

A business bank account has long stopped being an option. Modern companies of all sizes working both on domestic and international markets choose to have business wallets not because it’s a requirement. The explanation is much more simple – a business account makes the life of company owners and their clients effortless and painless (almost). Genome helps its customers with opening both business and merchant accounts*, which are the must-haves for any company. Today’s blog post will discuss the most popular business bank accounts and what makes them special. Business account explained There’s a common misconception that a business bank account is some sophisticated

Money transfers are one of the modern-day amenities nobody wants to skip. Long gone are the days when you had to travel long distances to meet people you wanted to give money to, or even when you had to visit banks for the purpose.  Today, all you need to transfer money between countries is an internet connection and to open an account at Genome! This time our team explores what are money transfer systems and some of the most popular ways of safe transfers across the EU.  What is a money transfer system? The term is pretty broad, as it refers to all

It is crucial to have a safe way of connecting to your banking app. One of the methods you can apply is a Virtual Private Network. The Genome article explains what it is, how it works, and how your online banking account experience can benefit from it. What is a VPN? A VPN stands for the Virtual Private Network. The main thing about it is that it protects the internet connection of the user. It privates the browser and masks the Internet Protocol address or IP, and guarantees that the internet service provider does not collect and track the user’s

We’ve all probably added debit or credit cards to Apple Pay or Google Pay digital wallets at least once. Most of us have shifted to making in-store purchases with our smart devices rather than physical bank cards. But have you ever wondered how NFC technology really works and what is needed for this? Today Genome prepared in-depth material on NFC contactless payments and their security. Read on to find out what stands behind your daily safe transactions.  NFC contactless payments: what are they While this name may seem complicated and odd at first, the reality is much more simple. Every time one

Digital banking technologies have changed dramatically during the past few years. With more and more services becoming available online, the risks of becoming a victim of cybercrime are also growing. Genome is a financial services provider that works both with personal and business clients. We know perfectly well how important security is in the modern world, no matter whether you’re only a personal online account user or want to protect your large-scale business from any potential money loss because of banking fraud.   In today’s article, we will be sharing our tips on how to use digital wallets safely and not fall victim to crime

Contactless digital payments were a thing even before a global pandemic caused faster worldwide digitalization. Genome is a financial services provider that is changing and facing all the challenges in a timely manner. Today we’re talking about Apple Pay – one of the two most used digital wallets for making contactless purchases. If you’re still unsure what its benefits are or simply want to know more about how it works, read on.  What is Apple Pay It’s an e-wallet that allows speedy digital payments and securely stores your banking details (card number, etc.). This digital wallet uses NFC (Near-Field-Communication) technology – the basis for in-store contactless

Online financial services have captivated the routines of multiple people in Europe and worldwide. But it is not bad news. On the contrary, it allows individuals and companies to manage their money more efficiently.  But, as with many things, the question of safety arises. Of course, banks and financial institutions ensure that the customers’ funds and data are protected by security features and tools to avoid banking fraud. But, clients also have to contribute to secure their accounts. We are talking about strong passwords clients need to use for their banking apps. Today, Genome’s team will explain all the intricacies

Having a small business nowadays requires a lot of support from various financial institutions. Not only a business account but a merchant one is also needed for stable performance. The best financial services for a small business include a lot of features that ensure its stability, security, and success when functioning. Today Genome explores the financial services, which types of them exist, who provides them, and which provider to partner with.  What are financial services? These are services offered by institutions dealing in the financial industry and organizations to businesses and personal persons. There are various massive types of providers.  The first one is

Digital wallets are no longer a wonder. Thus, there is a question if they will become the future of payments. In this article, Genome‘s team talks about these wallets, what they are, their benefits, and why their popularity is growing. What is a digital wallet, and which benefits does it bring? A digital wallet or eWallet is an application or software that securely keeps payment data and passwords, allowing users to perform payments, transfers, and other financial operations. Digital wallets work by facilitating an exchange of digital currency between two parties.  With it, a user can make payments via devices such as a mobile