The start of credit card While closed loop charge cards started with retail, oil and tour businesses in the early 1900s, it wasn’t until the Nineteen Fifties when what we comprehend as the current day savings card used to be born.   It all started out in 1949, when Frank

What is Representment transaction? Representment involves submitting evidence to prove that a transaction was properly completed, and the cardholder’s claims are untrue. In broad terms, a representment is an opportunity to defend a valid transaction and recover any revenue that lost due to an illegitimate chargeback (a phenomenon called friendly

What is Retrieval? A retrieval can be requested by the cardholder’s bank for up to 18 months from the sale date, therefore it is crucial that you keep your receipts for this time frame. When a copy of the transaction receipt is requested, you will receive a Retrieval Request notice.

What Are Nonbank Financial Companies? Nonbank financial companies (NBFCs), also known as nonbank financial institutions (NBFIs) are financial institutions that offer various banking services but do not have a banking license. Generally, these institutions are not allowed to take traditional demand deposits—readily available funds, such as those in checking or savings accounts—from the

FinTech products are, by their nature, innovative and ground-breaking. FinTech products’ main selling point is to simplify and streamline finance. Below are some FinTech marketing strategy tips: Lean Marketing mindset  Practically all tech startups are intimately familiar with how the lean product design model works. A company identifies and develops

Imagine you woke up one day to discover your bank account has been raided by another country’s government. Just like that, $1 in every $16 of your supposedly safe money is gone. If you’re wealthy enough to have more savings, it could be $1 in $10. Is it a nightmare?

SIMILARITIES Gold Bitcoin Yearly new supply is limited to around 2,500 tons 21 million bitcoin and can’t be increased. Deflationary in nature due to supply limitations Deflationary in nature due to supply limitations Decentralized – no owner – part of planet Decentralized – no owner – open source software Minimum