Mobile banking is a simple and easy-to-navigate service that has become an inevitable part of our everyday life. No matter whether you’re a student or a senior, mobile banking applications take our financial experience to a whole new level. Fast, user-friendly, and convenient – all these adjectives are about banking apps on our smartphones. But how safe is mobile banking? Just like with most digital technologies, mobile banking is a powerful tool that uses sensitive information. In this case, it has to do with finances. Unfortunately, similarly to mobile financial technologies, hackers’ attacks are also evolving and developing with time. 

The time has come again! That’s right, we are doing another “month in review” blog, where we talk about the latest updates in regards to Genome. Without further ado, let’s see what new exciting things our team has in stock for you this June! Exploring the standing orders It has already become a good tradition of ours – we educate people and businesses on different aspects of financial services and explain their benefits. This month we were extensively talking about standing orders. If you didn’t know, a standing order is a type of recurring payment that is sent automatically to

Making transfers has never been easier and, what’s more, this process is getting more and more simplified each year. However, with so many options of financial services providers, it’s getting more and more confusing to decide what features you really need for your banking. Having a few mobile banking apps on your smartphone is handy, but which one is the most convenient and cheapest to send money anyways? How to transfer money from one bank to another? In this Genome article, we’re talking about all possible ways to wire funds to other bank accounts so that you can pick the

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. Merchant accounts are a very common topic when it comes to discussing financial services. That’s not surprising at all! Such interest comes from multiple companies that are not sure how to get a merchant account, and whether they need it in the first place. If you are looking for answers to similar questions, Genome’s team is here to help! This time we will go through the most common queries regarding merchant accounts. Make sure to stick around till the end of the article: we will tell you

Sending money online, especially to other countries is a fast and effortless thing in the modern world. You can do it from any computer or smartphone, with dozens of service providers to choose from. However, at what price comes such an excellent service? Most of us know that feeling of anger and disappointment when you have to pay unexpected fees even though you’ve already clarified all charges with the bank/financial provider in advance. In this Genome blog post, we will talk about the pitfalls of sending money abroad online, as well as how to choose the cheapest financial provider and

Let’s talk e-wallets. Imagine the situation: you are leaving the house in a hurry – you are late for work or some other place you need to go. You are rushing through streets, get into the car or public transportation, etc. And in the middle of all that you realize that you left your wallet at home.  Well, around 20 years ago that would be a disaster – your mood and potentially day are ruined. But today it is not a colossal issue – you can just use your phone to make payments throughout the day. This is thanks to

Are you confused and wondering what payment option will satisfy your needs? Still cannot figure out the differences between direct debits and standing orders? Dive into Genome‘s in-depth guide on automated transactions and make the decision that will work best for you. What is a standing order? Standing orders are regular pre-automated payments for the set amounts. Monthly gym payments or subscriptions are great examples. If you’re providing your services as a sole proprietor or freelancer and the sum is the same every time, your clients can pay for the work done by setting up a standing order. If you’ve

If the definition of the standing order sounds very similar to the one of direct debit for you, read on. We wrote this article to explain the meaning of the standing order and how it differs from direct debit transactions. When standing orders are used? The standing order payments or recurring payments automatically send a specific sum to other bank accounts regularly. At first, it may seem that direct debit transactions function in the same way. However, there are some variations in these pre-automated transfers.  We’ve already posted an article on Direct Debits here, but let’s go through the main

Article was updated on 26.11.2024 SEPA Direct Debit (SDD) is a pre-authorized payment option available in the eurozone. It works pretty much like all the other direct debit transactions, but only in euros within the SEPA area. Genome’s team will explain SEPA Direct Debit origination, the process itself, and the advantages of such transfers. What is SEPA Direct Debit? SEPA Direct Debit payments are a payment method under the Single Euro Payments Area (SEPA) based in the European Union that allows businesses to receive payments in euros directly from a customer’s bank account based on prior authorization (mandate). SEPA Direct

It’s almost summer, and we want to enter a new season with a review of what our team has done in May. Genome dedicated this month to making people’s lives easier by educating them on different financial operations. More on that – in our “Month in review” blog. Elaborating on all the aspects of money transfers The ability to send and receive money is one of the main features that clients expect from their financial institutions. But there are many aspects and options when it comes to transferring funds. That is why our team has published multiple articles discussing the