Many people are asking Why Is the U.S. Dollar the World’s Currency? Before World War II, all global currencies were backed by gold and each government guaranteed that its money was good for a certain amount of gold. Then came the Bretton Woods agreement of 1944, which created the World

The first internet gambling websites went live in the mid ‘90s. However, these were a long way away from the top platforms in operation today. Initially the best online gambling sites began operating out of Antigua and Barbuda because of the islands’ Free Trade and Processing Act. This bill gave

Facebook began rolling out a new payment platform inside its Messenger service, though it was only available to those in New York City and following an option to sign up for Messenger without a Facebook account. The social networking is making the payment option available to everyone across the U.S. The new payment option is similar to

Turn on gateway fraud filters Most payment gateways allow ecommerce merchants to set up some basic fraud prevention rules to block or flag transactions that may be fraudulent. Typical examples are to decline all transactions when the billing address does not match what the credit card company has on file

Stripe is a payment processor, which support the electronic transfer of money from a customer’s bank (issuing bank) into a merchant’s bank (acquiring bank) as payment for goods or services bought with a credit card. Stripe is known for is their industry-leading developer tools, which allow business owners to integrate

Smartphones have become a multi-purpose tool to deal with an immense number of tasks in our everyday life owing to its higher affordability and functionality. When it comes to online lending, mobile solutions only strengthen its advantages. A recently published report says that Asian markets have demonstrated a strong predominance

What is EFTPOS? Electronic Funds Transfer at Point Of Sale. (EFTPOS) is used as a method of payment for goods and services. An EFTPOS terminal (also referred to as an EFTPOS machine) is an electronic device that assists in the transfer of funds from a customer bank account to a merchant

Cirrus (stylized as cirrus) is a worldwide ATM network. It is a subsidiary of Mastercard and based in Purchase, New York. Founded in 1982, it links Mastercard and Maestro credit, debit and prepaid cards and Cirrus ATM cards to a global network of millions of ATMs. Cirrus® is the brand

Maestro is a multi-national debit card service owned by MasterCard. Maestro cards are obtained from associate banks and can be linked to the card holder’s current account, or they can be prepaid cards. The cardholder presents the card at the point of sale (POS) and this is swiped through the