What is Pre-Authorization
Pre-authorization is a process where a card issuer approves a transaction before it’s finalized. It’s often used in hotels, car rentals, or any situation where the final bill might exceed the initial estimate. This ensures that customers have sufficient funds or credit, reducing risk for both parties involved.
What is Dynamic Currency Conversion
Dynamic Currency Conversion (DCC) is a financial service that allows credit card holders to choose the currency in which their card is charged. This service, often offered by merchants and ATMs abroad, provides immediate visibility of the foreign exchange rate and the final amount debited in the cardholder’s home currency.
What is Xiaomi Finance
Xiaomi Finance is a prominent fintech company that operates under the umbrella of Xiaomi Corporation, a leading technology company based in China. With a focus on providing innovative financial services, Xiaomi Finance leverages cutting-edge technology to offer a wide range of financial products and solutions to its customers. This page aims to provide an overview […]
What is Chime
Chime, a leading fintech company, has emerged as a true success story in the financial technology industry. With its innovative approach to banking and commitment to providing accessible financial services, Chime has revolutionized the way people manage their money. To understand the significance of Chime’s success, it is important to delve into its history and […]
What is Ripple
Ripple, a digital payment protocol and cryptocurrency, has gained significant attention in recent years. To truly understand Ripple, it is essential to delve into its history and evolution. This article aims to provide a comprehensive overview of Ripple’s journey, from its inception to its current state. Ripple was first conceptualized in 2004 by Ryan Fugger, […]
What is Coinbase
Coinbase is a popular cryptocurrency exchange platform that allows users to buy, sell, and store various digital currencies. Founded in 2012, Coinbase has become one of the most trusted and widely used platforms in the cryptocurrency industry. With its user-friendly interface and robust security measures, Coinbase has attracted millions of users worldwide. The Basics of […]
What is Monzo
Monzo is a digital bank that was founded in 2015 with the aim of revolutionizing the traditional banking industry. It is a UK-based company that offers a range of financial services through its mobile app, making banking more accessible and user-friendly. Monzo has gained significant popularity in recent years, attracting millions of customers and becoming […]
What is EFTs
In the world of finance, Exchange-Traded Funds (ETFs) have emerged as a popular and innovative investment tool. Combining the versatility of stocks with the diversified risk of mutual funds, ETFs offer investors a unique blend of benefits. This article delves into the intricacies of ETFs, exploring their mechanisms, advantages, and considerations for investors. What are […]
What is RobinHood?
Robinhood burst onto the scene in 2013, shaking up how everyday folks, particularly millennials and first-timers, approach the stock market. This app is a hit for its easy-to-navigate interface and its standout feature: you don’t pay a dime in commission fees. In this piece, we’re going to walk through what Robinhood offers, the perks and […]
What is NFC (Near Field Communication)
In the realm of modern payment processing, Near Field Communication (NFC) has emerged as a groundbreaking technology that is transforming the way we conduct transactions. With its ability to facilitate seamless and contactless payments, NFC is a crucial tool in the toolkit of Fintech companies and Payment Service Providers (PSPs) operating in Europe and beyond. […]
