Cybersecurity- Role of FinTech
Cybersecurity is essential to protect your computer, servers, electronic devices, mobile devices, and networks from malicious and unauthorized attacks. Every day, tons of data is shared across different platforms. This data is sometimes confidential; at other times, it is sensitive. There is always a threat to such data. Therefore, robust cybersecurity is a crucial requirement for every organization.
By 2030, the global gaming industry will be worth $1 trillion
By 2030, the global gaming industry will be worth $1 trillion The global online gaming market is predicted to increase at a compound annual growth rate (CAGR) of 12.3% from $64.13 billion in 2020 to $72.02 billion in 2021. The increase is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the effects of COVID-19.
CBD Industry - Why considered as High-Risk?
CBD is the acronym for cannabidiol, a natural chemical compound within the cannabis plant. The cannabis plants are primarily of two types- marijuana and hemp. These plants contain two types of chemicals- CBD (cannabidiol) and THC (tetrahydrocannabinol). THC is the psychoactive chemical in these plants that produces an intoxicating ‘high’ when consumed. CBD on the other hand has much milder effects.
What is Acquiring Bank, Card Scheme, and Issuing Bank?
Acquisition bank, card scheme, and issuing bank are common terms used in the banking sector. You may be familiar with their meaning but don’t exactly know what they mean. Let’s learn what they are.
What exactly is forex trading and how does it operate?
Buying and selling other sorts of securities, such as stocks, is comparable to forex trading. The most significant distinction is that forex trading is done in pairs, such as EUR/USD (euro/US dollar) or JPY/GBP (Japanese yen/British pound). You sell one currency and buy another when you make a forex deal.
What is E-Check Payment?
E-Check payment is actually the electronic payment. Here the client makes the net payment through eCheck and the sender accepts payment inside 3–5 business days. automatic financial organization is accountable to method the echeck transactions on-line. consumers method the payment through electronic delivery system and also the buyer’s checking account information is employed to require the payment from the savings account. It’s one among the renowned modes of payments in conjunction with group action through credit cards and debit cards.
Rise of Contactless Payment After Covid-19
Covid-19 changed the way people interact with each other. Nobody thought that a day would come when people would be forced to stay indoors, and physical contact would be a thing of the past. People are adjusting to life post-Covid and making changes in their lifestyle. One such change is using contactless payment more to avoid touching others to stop unknowingly spreading the virus.
Merchant ID(MID): Everything You Need to Know
Do you know that being a business owner, what will be the most important thing for you and your business? It’s a merchant ID or MID. It is with the help of a merchant ID that the funds from a transaction make it from your cardholder’s bank to your merchant account. But what exactly is a merchant ID, and how does the money involved in transactions always end up in the right place? Read on to find out.
Do you know the difference between Chargebacks and Refunds?
Unlike refunds, chargebacks come with additional fees for the merchant and increase a merchant’s chargeback ratio. If a merchant’s chargeback ratio exceeds certain thresholds, often around 1%, it can result in serious consequences, including fines, higher fees, higher reserve requirements, or even the termination of a merchant’s account. A voluntary refund, however, is strictly a matter between the merchant and the customer
What is SEPA and SWIFT?
SEPA and SWIFT are the most widely used international payment systems in the world. They aim to make money transfers seamless, secure, and reliable to individuals and businesses and improve the integrity of an ever-changing system of payments. You might be a little unfamiliar with financial terminology and wonder what these transfers are.
Steps to open high risk merchant account
One of the most widespread misconceptions regarding high-risk merchant accounts is that merchants must have done something personally wrong or involved in criminal activities. It is not always true. Banks or financial institutions that deal with the merchant accounts divide businesses in certain categories i.e., High risk, Low Risk and Mid risk. A business entity is indicated as high risk when it carries a higher risk of fraudulent transactions, chargebacks, and other such issues in these industries according to the information collected by the banking industry.
5 Reasons to Choose Digital Payments for Your Business
With the increase in smartphone users, rise in e-commerce sales, and explosion in Internet activities across the globe, digital payments have grown in popularity and taken the world by storm. As the digital payments market grows rapidly, there is no doubt that its demand will grow exponentially.