Banking encapsulates many services: money transfers, debit cards, merchant accounts, etc. At least, this is what most people first think about. But there’s more to banking, as clients sometimes overlook small but still essential features. For instance, bank statements. In today’s article, Genome explains what a bank statement is, how to get a bank statement, and how people can effectively use it to improve their banking experience.  Bank statement: what does it refer to? A bank statement is a document that lists all the transactions and details about them that occurred inside a bank account during a certain period. Usually,

Today, people are very accustomed to online banking services, using them daily. Unfortunately, this also means some of them get too comfortable and throw caution out of the window when performing basic online financial operations. It opens a door for fraudsters and scammers that want to steal your funds and data. And although global cyber security efforts are high, it is impossible to prevent each and every threat.  Today, Genome wants to draw attention to the smishing scam, explain how it works, and advise on smishing prevention.  Smishing: meaning of the term So, if you hear the word “smishing” in

Welcome back to Genome’s latest news and updates! That’s right – you are in for another Month in a review blog post! Let’s see what happened in April of 2023. Transfer templates – now for Android users! Our team announced the launch of transfer templates in a previous update blog. This feature allows planning regular payments faster and more conveniently by creating templates for money transfers. Until recently, templates were only available for Genome’s clients who access my.genome.eu via their PCs and laptops. But now, clients that have the Genome app installed on Android OS-based phones and tablets can use

No banking experience is complete without owning a debit or credit card. After all, it is one of the most convenient ways of purchasing things at stores and online. But what if you need a business debit card for your company?  Genome’s team gathered all the information you might need when selecting a corporate debit card or considering business debit cards for employees. We also describe their advantages and disadvantages, so you can choose the best business debit card.  What is a business debit card?  It is a type of debit card a company can order. Corporate debit cards are

If you have a company, step one in our financial activity will be opening a business account. After all, you need it for main banking activities, such as sending and receiving funds, ordering debit and credit cards, etc.  But what about step two? Well, if you sell goods and/or services, this step will be getting a merchant account. But before you do, you also need to know the basics of merchant processing and processing systems. Find out all the necessary information about payment processing in this Genome article.  Payment processing as a part of payment systems for business There are

Business accounts come in many shapes and sizes. And, of course, they have different features to accommodate the needs of companies — for instance, multi-currency bank accounts.  Want to learn more? Genome will explain! Find out about the benefits of the best multi-currency bank accounts and how a business can open one! Multi-currency account: the definitions When you deal with finances, multiple factors are involved. For instance, some people have to send and receive funds internationally. But, when it happens regularly, such operations can come at a great cost. You see, countries have different currencies, which means that, in most cases,

That’s right, here comes another one! Our traditional month in review is here! Our team wants to go through the main news and updates Genome had in March, and we are taking you along! Let’s begin! Save time with transfer templates  We implemented a new feature for clients to navigate their money transfer processes more easily. You can now create transfer templates for any single payment inside Genome. This process lets you plan better and waste less time on regular payments! To use a template, go to the Transfers tab and find the Templates section there. Or, you can save

No bank account is complete without the ability to send and receive funds. It especially concerns companies, as their production cycles and customer relations depend on this financial feature. And, for many businesses, there’s a need for international business payments. In this article, Genome’s team will explain how companies can make international payments and which transfer options are used for this.  What are international business payments?  International payment is a type of payment that occurs between two entities that are located in two different countries. Even if countries are situated right next to each other, for instance, Germany and Netherlands,

Multiple companies around the world give 110% of their hard work, passion, and dedication for their business to succeed. But sometimes, saving money for businesses means you need to work smart, not hard. And Genome has some tips on how to do so. In this article, we will share some ways companies can save money by different means. So, if you need money-saving ideas for companies, this blog is for you! 5 business cost-saving ideas Start from within – optimize all about your company One of the best cost-cutting ideas is actually a simple one: analyze all parts of your

There are many aspects to financial services for companies that sell their goods or services. One such thing is a payment gateway. Unfortunately, only a few merchants dive into the nitty-gritty of how the right payment gateway can improve your conversions. Genome is here to fix that! In this article, our team will explain how to choose a payment gateway for your e-commerce store and other types of business. We will also uncover the difference between payment gateways and payment processors, as some people consider them the same thing.  What is a payment gateway? Before learning how to choose the