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Genome x Gamingtec: making iGaming financial services accessible on one platform
Having years of experience, the Genome’s team crossed paths with professionals from multiple industries. As such, we learn a lot about the needs of different companies and apply this knowledge to improve and tailor special financial solutions for them. We also partner with prominent companies that do the same to combine our efforts to deliver even better, more convenient services. And this is what Genome’s partnership with Gamingtec is all about, as it empowers the iGaming industry! Gamingtec provides B2B software solutions for the iGaming industry, offering diverse iGaming services for companies across the industry. Thanks to the partnership, all
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Support Ukraine: Genome introduces the resource for donations to Ukrainians
On February 24th, 2022, the lives of millions of people changed dramatically. For these millions of Ukrainians, their whole world turned upside down as Russia started a full-fledged invasion of Ukraine. Months later, the war continues, bringing devastation, destruction, and death. We hear of the horrors of war daily: both grownups and children have to abandon their homes, get separated, lose limbs, and perish due to Russian troops and shelling. Genome’s team feels incredible sorrow towards these people: based in Lithuania, we see Ukrainians as our dear and valuable friends, many of us have acquaintances, relatives, and loved ones in
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All the grandest Genome updates – now in one place!
For our team, this platform is everything, and we enjoy improving it! And, of course, we love telling you all about it as well, whether it’s a new feature introduced within Genome or yet another article to educate people about financial services. And now, our clients have an opportunity to get the most essential updates in one place – sent straight to them even! We are talking about Genome’s newsletter. You can subscribe to it right now – just scroll down the page and fill in your email in the subscription form. With our newsletter, you will always stay on
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Alternative payment methods: strength and challenges merchants should understand
There are so many things to banking that some topics aren’t as discussed as others. Unfortunately, the alternative payment methods (APMs) fall into the category, unrightfully so! You see, the APMs are the alternatives to cash and card payments, but throughout the years they became quite widespread and functional. Check out Genome’s article “Are Alternative Payment Methods the New Banking King?” to find out what it is about APMs that customers prefer. Here are some of the riveting points described in the article to pick your interest. Alternative payment methods drive diversity in customers’ options A great thing about APMs
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Genome was chosen as a new partner for parking services in Lithuania
Not only is Genome proud to be a part of Lithuania’s Fintech landscape, but we are now also facilitating payments for Lithuanian national parking, after winning a tender. It means that any driver can now pay for parking fast and securely if they are in Vilnius, Kaunas, Klaipėda, or Trakai, as we help out around 30 thousand customers per month. The Municipal Enterprise has updated its infrastructure to accept more transactions and provide clients with delay-free services. The decision to widen available payment methods options grew because previously it was available only for Mobile operators’ clients with monthly subscriptions. That forced tourists
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Important things to consider: tips for new Fintechs from Genome
Kicking off any business requires planning and patience, the same goes for Fintech companies. We at Genome have already passed this starting stage and are very aware of the challenges and difficulties this journey entails. And recently, our team was contacted by Tech.eu to share our experience on the matter, and we gladly did. You can check out the interview of Genome’s COO Daumantas Barauskas in the article “Genome’s lessons learned on best practice in the fintech game”. Open an account in Genome online Get Started In turn, we will share a couple of points brought up in the
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Cards pre-order is now open: find the right Genome card for you
This autumn, we at Genome gave lots of tips on how to choose the right bank card for personal and business needs and described the types of bank cards there are. Thus, when our team was working on Genome’s very own cards, we considered our clients’ presumable requests. And we now have virtual and physical debit cards that meet personal and business demands available for a pre-order! So, let us first talk about the cards we have in store for you, and then cover the simple pre-order process. Genome’s physical multicurrency debit cards Using debit cards to pay for goods
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Mastercard has changed its fraud and chargeback merchant compliance programs
Please note that Genome’s merchant services have been temporarily unavailable since September 2024. Mastercard has made crucial updates to its compliance programs globally, which also applies to some of Genome’s clients. Particularly, if you are a merchant from Europe, except for Germany, Switzerland, and Liechtenstein, this blog post is for you. The updates involve the Excessive Fraud Merchant (EFM) and Excessive Chargeback Merchant (ECM) compliance programs. Let’s cover what the changes are about. Number of Transactions Fraud Chargeback(4837, 4863 reason codes) Amount Fraud ChargebackBasis Points 3DS Utilization(including Data Only Tax) 1,000 or more EUR/USD 50,000 or more 50 or more
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We are in this together: how Genome helps out companies during the lockdown
Keeping afloat during these uncertain times is complicated for some businesses. We at Genome understand it and figured that we should come up with a solution that would support struggling businesses at least partially. Hence, in April, we canceled all the service fees for companies who were already a part of Genome’s family or were thinking of joining. Now, a month later, the PaymentsSource news website got interested in the initiative and our COO Daumatas Barauskas answered all the questions. We recommend you check out the full article “Should payments companies continue waiving fees for post-coronavirus recovery?” while we share some of the