Over the last decade, many businesses across all markets and segments have shifted to the subscription model. This model resonates highly with entrepreneurs and investors because it allows companies to enjoy recurring revenue while customers enjoy th…
Welcome back to our blog, where we explore various topics in the IT and engineering fields, as well as business insights and the latest technologies, with a particular focus on the financial sector. We hope you have enjoyed our articles on the import…
Financial technology has existed for almost as long as the financial services industry. But after the economic crisis 2008, companies with more efficient and modern technologies displaced traditional e-commerce service providers. Because of the Inter…
Corporate expense management – Wallester Business Solution. Almost 80% of modern companies’ leaders consider remote work an effective business strategy in the long term. This interaction format between employers and employees boasts multiple advantag…
Credit card issuers are responsible for issuing credit cards to individuals and businesses. The issuer provides the card on behalf of credit card networks, making them intermediaries between networks and cardholders. Also, credit card issuers manage…
Since Gen Z today gravitates more toward using digital payment systems, co-branded credit cards have become a significant payment tool. A co-branded credit card entails logos of two different partnering companies to offer added advantages to the user…
The volume of e-commerce businesses and mobile banking is skyrocketing, as is the risk of online payment fraud. A recent survey found that 1 in every 4 Europeans with internet shopped online at least once a week in 2016. In the same year, approximate…
Payment Services Directive 2 (PSD2) is a banking regulation connected with customer payment services, which was adopted in the European Union on 12 January 2016. Its implementation in European Economic Area finished on 31 December 2020, and the UK fi…
According to recent data, 4 in 5 people in the US used online payment systems. The value of online payment gateways will likely increase by over 15% between 2020 and 2025. A payment gateway can streamline and speed up payments to benefit customers an…
Over the past decade, the financial technology (fintech) industry has emerged as a major force in the financial sector, disrupting the traditional banking landscape. With the rise of digital technology and changing customer preferences, traditional b…
We recently had the opportunity to speak with Ekaterina Gaychuk, our Lead Affiliate Manager, about the exciting launch of Wallester’s unique affiliate program. Ekaterina, who is responsible for overseeing her growing team of affiliate managers…
As the global economy flourishes, the risk of illegal criminal activities also increases. Know Your Customer (KYC) regulations are created to protect financial institutions against corruption, terrorist financing, money laundering, and fraud. KYC hel…
Virtually everyone buys goods and services and makes payments online these days. Online transactions and payments are the preferred option for those who like to go cashless or shop from the comfort of their homes. Therefore, it is not surprising that…
Commercial cards are quickly replacing other forms of payment as the preferred method for all expenses, including travel, maintenance, repairs, and business supplies. The card program is typically designed to support the priorities of your company or…
Whether shopping online or paying at a contactless terminal, credit and debit cards are some of the most secure ways to make a purchase. Multiple consumer protections are available to anyone with an eligible account depending on your card. In this ar…
Invoice payment terms are the contractually decided payment terms between a business and its customers. Invoice terms are also called payment terms when payments are due relative to the date on which goods or services were delivered or when the produ…
It may seem that in today’s corporate environment, very few concepts are of greater importance than growth. Even the oldest players on the stock market are evaluated based on their quarterly growth rates, and failing to deliver can have disastr…
One of the essential conditions for stable business functioning is flawless financial performance. Your company can’t be successful if you don’t control 100% of corporate expenses. For this reason, the executives and CFOs try to pay maxim…
