Money laundering generates large sums through illicit activities, such as corruption, embezzlement, tax evasion, and drug trafficking. The money made from criminal activity is seen as dirty, and the process “launders” it to disguise it as…
Using virtual cards will gain a truly global character in the nearest future. As proof, we see a growing number of clients using such cards and an active integration of virtual products by the most prominent payment systems. In the era of fintech inn…
Financial controllership can be challenging to describe because of its span. It bridges the gap between traditional accounting and newer fields such as financial strategy and management.Financial controllers should pay attention to detail while consi…
A budget is a road map for a company to plan, monitor, and update its income and cost streams to attain financial stability. Budgets enable you to monitor your progress toward your goals and to plan and carry out course modifications promptly.Without…
Are you an entrepreneur who feels overburdened by the processing of invoices, which has become increasingly complex? Or a person in charge of streamlining the accounts payable workflow in your company?If yes, understanding the stages involved in proc…
Keeping track of business spending is a routine task that is very simple; however, every month, the finance staff waste essential time (and sleep) attempting to close the books.As we shall see, the significant issues are common to businesses everywhe…
The inevitable presence of riskEvery firm faces some level of financial risk, and starting a business is a dangerous endeavour. While some issues can be prepared for, not all financial risks can be managed. For instance, stock market volatility, inte…
Wallester Business: a financial ecosystem for successful corporate developmentThe initial period of company building is often compared to preparing a rocket for launch: to get a business running or see a sky-rocketing SpaceX launch, lots of effort an…
The finance department occupies one of the company’s most honourable and respected places. Its employees are involved in accounting, developing regulations, drawing up budgets, balancing sheets, and preparing for audits. But these are only a ti…
Whether it’s gym memberships, groceries, or entertainment streaming services, recurring payments have become the backbone of many subscription-based businesses. Today, merchants have embraced digital payment technology to meet the rising demand for c…
Did you know you engage with embedded financial products when you avail of ridesharing services, place a food order on an app, or use any mobile payment app to pay your bills.Embedded finance services have become an integrated part of the finance mar…
The work of an accountant does not presuppose a vacation. First, you must file tax returns, prepare financial statements for different periods, and remember to close the month. Each of these tasks takes a lot of time; just completing the month can ta…
There was a time when people could only buy and sell physical products face-to-face. But the world evolved with the internet, causing businesses to take their goods and services online. As a result, there are millions of e-commerce websites globally,…
It’s no secret that plastic production and recycling drastically affect the environment. Nowadays, physical cards remain the №1 payment solution worldwide. However, it’s a good sign that the use of virtual cards and e-wallets, as well as physical car…
Physical payment cards are ahead of virtual ones worldwide regarding utilization capacity. However, this gap is rapidly narrowing. Payment products with no physical carrier are multi-faceted, which can be seen in such areas as online shopping. When i…
Nowadays, in the era of virtual shopping, it is necessary to ensure the maximum security of transactions while using the existing debit or credit card security tools. This is where the mysterious security codes come in. They’re often designated by th…
The PCI DSS is a set of standards or rules companies must follow to be considered PCI DSS compliant. Meeting these standards allows them to do business with credit and debit card companies and process these companies’ transactions. PCI DSS stands for…
A fast project launch with minimum expenses is a dream for any entrepreneur. However, even with a solid budget, many startups fail to implement an intended business plan promptly and on time. This way, the launch date gets postponed— for weeks, month…
