Swipe, dip, or tap. A credit card transaction may seem straightforward and uncomplicated, but do you know what happens behind the scenes? Payment processing is how establishments and enterprises complete debit card and credit card transactions. The processing covers several parties: the card network, the issuing bank, the acquiring bank, the merchant, and the cardholder. … Read more
Money management is an essential skill for improving and maintaining a good financial life. It covers everything from how you budget to how you handle investments. Without it, you can lose all your hard-earned money and get yourself into debt. No matter your financial situation and goal, you should know where and how you’re spending … Read more
You have reached financial hardship and are wondering whether bankruptcy is the right debt relief option for you. If you’re in a quagmire as to filing for either Chapter 7 or Chapter 13 bankruptcy, then you might want to educate yourself on the differences to prevent making the wrong decision. Some things to watch out … Read more
Overview Africa is known for providing a very intricate and complex market for major private banks as a result of its unique regulatory framework and environment as well as the omnipresent risk surrounding political turmoil. This past year has seen financial giants such as UBS and Credit Suisse downsize their operations in the African continent … Read more
Most people work hard and live as responsible citizens. We put money in savings and we live within our means. But, even good and responsible people, given unfortunate circumstances can find themselves needing to file bankruptcy. For example, what if you suffered a death in the family? What if you came down with a long-term … Read more
Traditional private banking is a money-rich industry with a huge history behind it. But that doesn’t mean that it can’t learn from newer, more innovative solutions – such as online loyalty programs. Today we take a look at four ways in which banks can learn from these upstart business arms. Paper-based systems are a waste … Read more
A lot of students are focused on getting high grades while studying. They work hard and think about nothing but getting a high-education diploma for four years. However, after chasing their primary goal, they got stuck choosing a further path. If you’re in search of a niche to start working in, take your time. It’s … Read more
Businesses use stocks as a means of representing ownership, and when considering investing in individual stocks, it is vital to analyse the background of the company in addition to how they operate before moving forward. At the very core of many businesses is a robust accounting or bookkeeping strategy which provides a variety of key … Read more
Many people wonder if Investment Banking is something that is worth pursuing. People think about the great benefits banking offers you like high salaries, large bonuses, and great prestige. It’s something that attracts a lot of people, but also weeds out a lot of others too. Deciding if you want to go into Investment Banking … Read more
Aside from some changes here and there, the world of banking has remained much the same for years. We tied our currencies to the gold standard and later stopped doing this, the US and UK introduced the Bretton Woods System, the US went through Nixon Shock and the UK through decimalization, how we’ve looked at money has generally … Read more