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

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. 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

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. 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

Bank cards have been common everyday objects for decades, for both businessmen and people that use those for personal needs. Especially as current events are putting contactless payments on the front burner. And the great thing is that banks had come up with a plethora of card types that can satisfy most of the requirements imaginable. So today Genome‘s team is taking a look at the main features of credit and debit cards, as well as exploring the variety of cards there are so that you can determine, how to choose the right card for you.  Debit cards Also known

Not gonna lie, this is probably our favourite content piece we publish each month! This August was very fruitful for Genome with product and news updates happening almost weekly. So, if you’ve missed some of our exciting articles and new features, it’s time to catch up, and that’s what our month in review is for. Learn more about IBANs and international money transfers   This month we’ve doubled the amount of the educational content in our blog with two new articles. The first one fully covers IBAN – from countries that have it to what is needed to send money using it. And

We at Genome are proud to partner with companies that can help to enhance our services to the maximum potential. And Onfido is a great example of such. So we’re proud to announce the full case study, where you can get more insights on how Genome benefited from using Onfido. Onfido is an identity verification service that utilizes AI technology to prove a person’s identity and is used by businesses around the world within different industries like e-Commerce, gaming, healthcare, travel and vehicle hire, and financial services. We found out more about Onfido while looking for a company that would