business accounts
Business services
Business banking tips every company should know
Business banking choices shape how smoothly your company runs, from daily payments to long-term planning. The basics start with dedicated business checking accounts for income and expenses, and business savings accounts for reserves and tax buffers. Strong business banking services should also help you pay suppliers, manage cards, and track activity without extra admin work. Many companies use multiple banks to reduce risk and keep backup payment options available. Keeping spending separate from personal accounts is essential. With a clear business plan and using the tips we share in this article, you can choose business accounts and tools that match
Business services
Benefits of a merchant account: Why online businesses need one
Running an online business is easier when payments are smooth and predictable. A merchant account connects your checkout, payment gateway, and payouts so you can get paid without friction. The benefits of a merchant account include better tracking, faster access to funds, and a more trusted checkout. Genome offers merchant services built for modern online businesses. Learn all about merchant accounts in this article! What is a merchant account? A merchant account is a type of business account that helps you take customer payments and receive the funds in an organized way. With a merchant account, money from a purchase
Money and you
Electronic money institution vs bank: key differences explained
An electronic money institution (EMI) is similar to traditional banks in many ways. However, they operate under different legal frameworks that determine how they hold client funds. EMIs focus on enabling easy digital transfers worldwide, while banks use a more traditional approach. Rising fintech adoption and the changing face of global commerce have led to demands for new types of payment institutions and banking services. It is why we are seeing electronic payment services from EMIs becoming ever more popular. Genome operates as a licensed EU electronic money institution EMI. It means that you get a range of e-money options
Business services
Fintech for the travel industry: A complete payments guide
The travel industry is now a high-volume, global business. It means that clients need flexible payment options with different currencies. The latest fintech innovations have become essential in creating secure transactions without delays, fraud, or high costs spoiling the customer payment experience. Why the travel industry needs fintech solutions The digital era has brought a variety of challenges for the travel sector. These include the following issues that each require new fintech travel solutions. The industry continues to grow With a high volume of global transactions, this is a fast-moving industry. Travelers want to book flights and hotels 24/7 from
Business services
What are dedicated IBANs for businesses? A guide
A dedicated business IBAN is now a key element in the global digital economy. Modern business processes need to combine clarity with easy payment reconciliation and compliance. For this reason, a dedicated IBAN account offers a convenient way to send money and receive incoming payments seamlessly. Genome is a regulated European Electronic Money Institution (EMI) that provides business accounts for businesses looking for simpler payments. Whether you carry out international trade or need to pay suppliers abroad, the right IBAN accounts will help your business. What is a dedicated IBAN? An IBAN is an International Bank Account Number. It’s used
Business services
What is a virtual IBAN, and how can it help your business grow?
A virtual IBAN is a digital account identifier for an international bank account number. It looks exactly like a traditional bank number with a country code and standardized format, but it’s not generated from a physical bank account. Having a virtual IBAN account provides a way to accept payments from different countries seamlessly. Virtual IBANs mean that accepting international payments is easier than ever before. There is no need to waste time setting up separate bank accounts for each country or region you deal with. Learn more about such accounts, as well as Genome’s virtual multi-currency IBAN accounts! Virtual IBAN
Security
What is merchant fraud prevention, and how does it work?
Online payment fraud has become one of the biggest worries in the digital payments age. It makes merchant fraud prevention a top concern for merchants worldwide. As well as financial loss, credit and debit card fraud also damages a business’s reputation and compliance status. Let’s define merchant fraud prevention and how it works. Discover how to prevent fraud and the best practices for dealing with suspicious transactions. What is merchant fraud prevention? Merchant fraud prevention covers the process and systems used to protect ecommerce transactions. It’s used to detect, stop, and mitigate fraudulent payment activities. The growth in the use
Business services
What is SME in business? Understanding small and medium enterprises
The SME definition is pretty simple: it stands for small and medium enterprises – the kind of businesses that make the world go round, literally. According to the World Bank, the SME sector represents 95% of registered businesses globally and accounts for over 50% of total employment. From micro businesses, like local coffee shops and family-run bakeries, to growing tech startups and medium-sized companies in the manufacturing industry, SMEs play the biggest role in the economy on a global scale. Medium-sized enterprises keep local communities alive and make up the vast majority of jobs there, providing opportunities where large corporations
Money and you
How fintech is closing the finance gap for Italian SMEs
Italian SMEs face a series of new challenges as the financial landscape changes. Their reliance on traditional banks for loans and other services is being put to the test, as the demands of the modern business environment increase. Fintech institutions provide a modern solution to help carry out the digital transformation of the finance SME in the Italian scene. These companies provide faster services and more inclusive access to financial tools, as well as credit options. We’ll be looking at areas like digital landing, what fintech platforms offer, and the future of finance SME in Italy. Find out what a