Read advice from our team of experts
Is Apple Pay secure?
Apple is a world-famous technology manufacturer. The company is constantly creating new solutions and products that make using gadgets as easy as possible. Apple Pay safe is a contactless payment method. Some users actively use this option, and some are skeptical about it.
What Is Open Banking?
Open banking is a process that provides interactions in the banking area. It allows financial service providers and other organizations to access information and transactions.
What Is Mobile Banking?
The development of technology leads to changes in all areas. And banking services are no exception. Mobile banking is the use of a mobile phone to manage finances. It is the easiest and most convenient way to manage personal and credit accounts and pay for purchases and services.
The Rise of Fintech Wealth Management
Fintech has a significant impact on investment. Studies and surveys show that more than 40% of investors prefer firms that use digital technologies. Fintech makes money management more accessible and more efficient.
How Fintech Is Disrupting Wealth Management
With the development of the Internet, the field of money management has also changed significantly. The financial advisor model began to transform as early as the 1970s, gradually transforming into mutual funds. In the 2000s, the active development of the Internet and the automation of money management began, and now intensive progress in this industry continues, which has created new roles for financial advisers.
The Future of Fintech
Until the 2010s, fintech was more of an ancillary sector. Financial technologies were used mainly in banks and on stock exchanges as something internal. However, there has been a radical change over the past ten years. Now financial technologies are becoming more accessible to individual clients. Private venture capital and the share of investments directed to fintech have grown tenfold.
What is a Data Warehouse?
Before understanding what a data warehouse is, let us first get the definition of a warehouse. In the traditional sense, a warehouse is a building where a company or an enterprise stores its raw materials or finished goods for distribution.
IBAN, BBAN and BIC. What Are They, And How Do I Find Them?
The financial industry is one of the fastest-growing sectors in the world today. Companies in this sector have welcomed digital transformation to make their business processes more efficient. Over these years, some basics remain unchanged due to their usefulness. As it is often said, “if it is not broken, don’t fix it.” IBAN, BBAN, and BIC are some codes people dealing with banks have certainly come across. Even though these codes have been around for decades, they are still confusing to lots of users. So, in this article, we will explain all these codes, their structure and where you can find them.
PCI Compliance: What it takes to become PCI compliant
Data breaches and credit card information theft are among the top issues faced in this digital transformation era. There were about 389,845 credit card fraud reports in the US in 2021. Even tech giants like Adobe have fallen prey to cyber criminals, who got access to the credit card information of over 3 million users.
What Is a Merchant of Record?
Merchant of record allows companies to focus more on creating and developing their products rather than on the nuances of receiving payments. MoR allows you to offload operational activities and not waste your resources on tax compliance or international payments. In this article, we will look at what a merchant of record is and what benefits this merchant model brings to various businesses.
Acquiring Bank vs Issuing Bank
In the process of processing payments, two banks are obligatory participants – the issuer and the acquirer. The payment scheme of an online store is quite complicated, and if you are planning to start selling goods or services on the Internet, it is important to know the difference between issuer vs acquirer. In this article, we will explain what an issuing bank and an acquiring bank are and how they interact with each other when processing transactions.
What’s a merchant ID and how to protect it?
Each merchant has its own identifier (MID). It is necessary for a number of operations that take place within a single transaction. In this article, we will tell you what merchant number identification is, why you need it, and what you need to know about it.