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

It’s spooky season outside, and Halloween is on its way! But we at Genome have no worries – our month was productive, and we had a blast while working on new product updates and articles. Speaking of witch (see what we did there?), let’s begin October’s month in review with blog posts. Don’t be afraid of scammers – stand up to them We dedicated our very first blog post of October to a serious topic – “How to deal with imposter phone calls from the bank”. You see, recently there was an increase in phone calls from fraudsters, who held

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 • Less than 10% (Non-regulated Countries*)• Less than 50% (Regulated Countries) Merchants’ compliance

With the emergence of digital banking, more people and businesses start wondering if it’s time to switch to e-banks from the traditional ones. Some people are citing stability as the pro argument for traditional banking, others prefer more tech-savvy Fintechs. Making this kind of decision is not always easy, but Genome’s team is here to help. In this article, let’s look into the advantages of both online and brick-and-mortar banks. And then, we’ll describe their differences so that you can choose which banking format works for you. The benefits and disadvantages of traditional banks  These banks are unsurprisingly something all

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

Unfortunately, bank scams are something that people have been dealing with for decades: the general premise stays the same, but fraudsters tend to switch scenarios to adjust to the topical events.  Thus, this year there have been reports of scammers using the panic caused by the pandemic to their advantage. For instance, American households were targeted with phone calls offering relief payments on the behalf of governmental institutions and fraudsters were wheedling out people’s bank account data in the process.  Lots of European countries also faced scammers, with over 400% increase of coronavirus-related fraud claims in the UK in March. In this blog post,

Our team at Genome started the autumn productively, releasing multiple new features throughout September. We are getting ready for new thrilling services being released, which we will describe in the blog post. Let’s see, what Genome’s got in store for you now and in the months to come! Minor updates that make a big difference Genome’s team continues making our product more functional each month, with seamless features that allow for a smoother experience. This time we have developed a notification center, where you can look up all the important notifications, and you will also be getting data on all

This month Genome is talking bank cards and everything you should know about them. Last time we described the most common types of credit and debit cards.  But there are more important factors to take into consideration while choosing the card, and today we are covering the specifics for both individuals and businesses who are in search of the best credit/debit card for them.    Choosing the right credit card/debit card for personal use Most people will need a bank card for personal reasons at one point in their lives, whether to get salaries, for convenient contactless payments or to send

As you may know, recently our team has released plugins for PrestaShop, OpenCart, and OXID users, so that they can open a merchant account within Genome. And we thought “why stop there?”  Hence, Genome now has an integration with Shopify as well, and the platform users can start a merchant account, and then download a necessary plugin. Side note, we have an easy-to-follow and detailed tutorial on how to open a merchant account, so if you need any extra help with that, make sure to check it out.  After getting an account within Genome, you need to install the Shopify plugin. This is how

Pushing the envelope is what our team enjoys doing when it comes to making Genome more accessible for merchants. And this time, we made it possible for the users of PrestaShop, OpenCart, and OXID platforms to join Genome’s family. What, you think you are required to fill in lots of documents and wait for an update for days? Not a chance – it takes minutes, as you only need a plugin for a specific platform to experience seamless payment processing with Genome. With us, you can open as many merchant accounts as you want and treat your customers with a