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,
Business services
What is a subscription merchant account? A complete guide
A subscription merchant account gives you a simple way to process recurring payments. It is a secure approach to receive subscription payments that boost your ongoing revenue streams without any extra effort. It helps businesses with a subscription model grow seamlessly without having to do more work to collect payments. Subscription management has become a major area, driven by the rise of recurring payment models across SaaS, digital services, streaming services, and other online platforms. We’ll be showing you how to support your subscription-based business model to keep the revenue flowing. What is a subscription merchant account? It
Business services
What is an instant bank payment? A complete guide for businesses
Do you like the idea of instant transactions, instant payments? If you’ve ever waited a day (or two) for a bank transfer to land, you already know why instant bank payments became such a big deal. Nobody wants to wait to transfer money or listen to “tomorrow morning” or “during regular business hours.” This is where instant bank payments come in. They allow money to move between bank accounts in seconds, giving companies and consumers a faster, safer, and cheaper way to get paid. If the instant payment system is such a big deal, why do many still choose to
Business services
What are dedicated IBANs for businesses? A guide
A dedicated business IBAN is now a key element in the global digital economy. Modern business processes need to combine clarity with easy payment reconciliation and compliance. For this reason, a dedicated IBAN account offers a convenient way to send money and receive incoming payments seamlessly. Genome is a regulated European Electronic Money Institution (EMI) that provides business accounts for businesses looking for simpler payments. Whether you carry out international trade or need to pay suppliers abroad, the right IBAN accounts will help your business. What is a dedicated IBAN? An IBAN is an International Bank Account Number. It’s used
Business services
What is Pay by Bank? A complete guide for businesses
Pay by Bank is an Open Banking-powered bank payment method. It allows customers to make an account-to-account payment without a debit or credit card. It means faster, smoother, and more secure payments. This payment method is becoming increasingly popular in the UK and the European Union. The simplicity and security of this easy payment process have led to many businesses replacing cards with Pay by Bank among their main payment solutions. What is Pay by Bank? This payment method allows customers to pay a business directly by sending digital payments from their bank account to the merchant’s account. There is