The concept of banking is extremely broad nowadays, encompassing multiple types of financial institutions and various services for individuals, companies, and merchants. And digital banking has become a big part of it, as the industry has been undergoing significant transformation.  Thus, diving into the digital banking topic is important, and that’s what Genome’s team is doing today! Find out more about digital banking services and how to start using them in this article. We also explain the difference between online, mobile, and digital banking.   Digital banking: meaning of the term The name of the term “digital banking” says it all.

ATMs are so common these days that most people likely take them for granted. However, if, by some unexplained mystery, all ATMs disappear from the planet tomorrow – you will definitely notice. Because, at the end of the day, they are an integral part of essential banking tools and people’s day-to-day errands.    Have you ever wondered how exactly ATMs work and which services they provide? Well, Genome is here to answer your questions! Learn more about them in this article.   ATM: meaning of the term The automated teller machine is a banking technology in the form of a specialized computer

Nowadays, banking is a broad concept encompassing multiple types of services. Just take a look at the article where we described different types of financial institutions – definitely, the market is very diverse. By the way, in that particular article, the Genome team mentioned retail and commercial (corporate) banks, and we decided to elaborate on the topic a bit more. Thus, today, we will explain the difference between retail and corporate banking and also describe some of the services that retail and corporate banks provide.  What is a retail bank? If you are looking for an account for your personal

Let’s be clear: merchants have to deal with a lot. Not only the customers’ demands are high, but the management of financial operations can be exhausting as well. Not to mention all the service fees merchants need to take care of. Speaking of, do you know enough about cross-border fees? If not, you will – thanks to Genome’s article. Today our team explains what a cross-border fee is, their types, and how companies should deal with cross-border processing fees.  Cross-border fee: meaning of the term A cross-border fee is a common thing that occurs during cross-border transactions. For instance, when

The sheer number of businesses and services they provide forces customers to be more picky and critical. As a result, companies are under constant pressure – they need to ensure every part of their business operations is on par with high expectations. Payment methods are no exception. In today’s article, Genome lists some of the best payment methods for small businesses, along with contactless payment options. Read on to find out more about small business payment options.  What are different payment methods for businesses? Before answering this question, let’s first dissect what the term itself means. A payment method refers

The type of account you select can really make or break your banking experience. That is why knowing what you get into when applying for an account is a must.  For instance, are you sure the business checking account you are considering getting is on par with your company’s requirements? Maybe this Genome article will help you figure it out! Join us as our team explains the difference between business checking vs. personal checking accounts.  Business checking account: a definition If you have ever searched for a business account, you probably came across entire lists of different account types. For

There’s no secret that companies come in all shapes and sizes. And most of them require banking services. Naturally, financial institutions have different requirements for various types of businesses. Today, we are taking a closer look at how this process works out for limited liability companies. Find out how to start a bank account for an LLC and what you should be looking for when selecting an LLC bank account in this Genome article, and feel free to share with others!  What are a business account and an LLC bank account? First and foremost, a business account is a type

Changes are a part of life. Some are positive, some are negative, and some are just plain necessary. Even your financial behavior, choices, and operations are prone to changes. For instance, some companies may want to find an alternative to their bank account. Thus, today, Genome’s team will explain how to change a business bank account if you have found a better option for your company. We will also list some of the main features of a modern, reliable business account.   The reasons to switch bank accounts When you stumble upon this article, you may think, “Why would I need

Life is full of surprises, and some are highly unpleasant. Yes, our team once again talks about scams and fraud that people should be aware of to protect their data and finances.  This time, we will focus on a particular identity theft crime – the corporate account takeover, which targets businesses throughout various industries. Find out more about banking account takeover and how you can avoid it in Genome’s article.  What is a corporate account takeover?  A corporate account takeover (CATO) occurs when fraudsters target corporate accounts of various businesses to gain access to a company’s funds or sensitive data.

So many banks and financial institutions choose the online route for their services. And for a good reason! After all, it is a more straightforward way of delivering their product to clients. But what are the most crucial features of internet banking? Today, Genome will help you figure it out! Find out which features can really make your financial operations trouble-free.  Must-have bank features and services for online banking clients The complete accessibility of features of digital banking  It seems like a strange requirement at first. But, to be honest, not all financial institutions that promote their digital solutions commit