Online Banking – Innovative Words http://innovativewords.com/ Sun, 19 Sep 2021 20:56:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://innovativewords.com/wp-content/uploads/2021/04/default.png Online Banking – Innovative Words http://innovativewords.com/ 32 32 Switch advertised in banking services https://innovativewords.com/switch-advertised-in-banking-services/ https://innovativewords.com/switch-advertised-in-banking-services/#respond Sun, 19 Sep 2021 20:29:06 +0000 https://innovativewords.com/switch-advertised-in-banking-services/ YERUSHALAYIM – Sunday September 19, 2021 at 4:29 PM | “ג תשרי תשפ”ב Bank Discount, Bank HaPoalim and Bank Leumi side by side in central Tel Aviv. (Miriam Alster / FLASH90) A new user-friendly system that makes it easier for Israelis to switch banks will be launched on Wednesday, the Jerusalem Post reported. Customers will […]]]>
YERUSHALAYIM

Bank Discount, Bank HaPoalim and Bank Leumi side by side in central Tel Aviv. (Miriam Alster / FLASH90)

A new user-friendly system that makes it easier for Israelis to switch banks will be launched on Wednesday, the Jerusalem Post reported.

Customers will be able to transfer their accounts from one bank to another online, free of charge in a process that promises to take no more than seven days.

Called a “follow me” service, any fees or deposits reaching the old account will automatically flow to the new one within two years of the change. So far, all debits or credits from a closed account are returned and it is the customer’s responsibility to arrange the transaction.

The new system, which has been developed over more than three years, is part of a series of measures led by the Bank of Israel and the Ministry of Finance to strengthen competition in the banking sector.

Although many Israelis express their dissatisfaction with the services offered by their current bank, very few do business elsewhere, due to the high cost and inconvenience involved.

“Completing this step is another step on the road to an open, transparent and more competitive financial system that we are promoting on several fronts and which will allow customers to easily and conveniently choose the providers of the different financial services they use” a said the Governor of the Bank of Israel, Professor Amir Yaron. “


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Living in computer hell in Trinidad and Tobago https://innovativewords.com/living-in-computer-hell-in-trinidad-and-tobago/ https://innovativewords.com/living-in-computer-hell-in-trinidad-and-tobago/#respond Sun, 19 Sep 2021 05:20:36 +0000 https://innovativewords.com/living-in-computer-hell-in-trinidad-and-tobago/ Remark Marina Salandy-Brown 2 hours ago – In this column, I recently wrote about the pointlessness of comparing Bajans and Trinis. But the experience of our various new processes related to travel and tourism security needs to be shared. It shows that we don’t need to cling to outdated modus operandi that we seem incapable […]]]>

Remark



In this column, I recently wrote about the pointlessness of comparing Bajans and Trinis.

But the experience of our various new processes related to travel and tourism security needs to be shared. It shows that we don’t need to cling to outdated modus operandi that we seem incapable of throwing in the redundancy bin.

To enter TT, everyone needs a digital TTravel Pass, which can be printed or saved on a mobile electronic device. Without it, you cannot board an airplane.

The shape is long, very long. It requires you to upload your negative PCR test, WHO international vaccination certificate and passport information page. In addition, it asks for all kinds of information that might be gathered at another time, such as what region you live in.

Once all of this data is processed, a barcode is uploaded, which must be presented at the airline check-in counter.

Without it, you’re in trouble, which happened to a friend when she tried to check in recently.

It took me a little over an hour the day before my trip back to Trinidad last month to complete the exercise, as the online interface is inadequate, the shape crooked, and the upload and download speeds. of the department’s website too slow to keep up with demand.

Also, you need a big smartphone because of the design of the digital form.

Luckily, I had an iPad to resort to after failing to complete the process on my tiny smartphone and finally got my barcode.

Frustratingly, the staff at the CAL desk insisted on seeing the paper versions of all downloaded forms. To do what ? I asked, but they didn’t know why. It was as if they didn’t trust the barcode and the corresponding information on their screens.

My friend declares that she also filled out the form the day before she returned home. but, unfortunately, due to the slowness of the site, she had gone to bed before she received the barcode.

The next day, it took her 56 busy minutes at the airport to repeat the process, and just five minutes before the flight closed, the website spat out the precious barcode and she was able to check in.

CAL threatened that she would have to stay at her own expense and purchase a new ticket as well if the process was incomplete, even though she had all the paperwork.

In contrast, to enter Barbados, a much simpler equivalent form can be processed in about five minutes and appears to serve a dual purpose as a digital version of the standard double-sided printed entry form required by all countries in the country. Caricom, but which the Barbadians gave up, even though CAL still distributes the forms and TT not replenished still uses them. Barbados immigration officials chased away the old-fashioned document offered to arriving passengers as they drove nearly everyone to machines for automated processing.

That’s not to say that our public and private sectors can’t successfully handle digital technology, but the difference in efficiency is staggering.

It took me several months of repeated testing before I got an online appointment to renew my six-month expired driver’s license.

But at least the interface of the site of the Ministry of Public Works and Transport is user-friendly, simple and efficient. The NIB process for online payments, a year ago when I last ventured into it, would challenge any scholar.

The TSTT / bmobile online payment system is more than useless if you have to pay multiple accounts at the same time. After nearly two years of bad credit while other accounts went unpaid, I realized their system couldn’t handle more than one transaction at a time.

On the other hand, T & TEC offers a variety of fast automated payment methods, and WASA is very helpful when it comes to cashing my quarterly debits, even if there is no water. in the network, the water is the color of mud when there is mud, and the filter is full of brown slush.

The banking sector, which has very happy shareholders, is among the worst digital operators. There is a litany of failures, exacerbated by the pandemic – branch and credit card customer services are understaffed, interbank payments frequently go missing without explanation, inter-account payments (at least at my bank) now occur a day later, etc. Our banks are pushing customers to online banking, but they are as ill-prepared as we are.

My bank – Republic – recently introduced the worst of all new online banking systems, and like the TT Travel Pass, it requires too much information. Now, to establish a new payee, you have to have the person’s credentials, which a lot of people refuse to give, so we have to go back to the checks. Progress!

Why do we like cumbersome and counterproductive data collection? Digitization and automation are supposed to be good, but we haven’t caught up with the rest of the world to understand their real purpose or master them.

While we don’t, Trinis endures computer hell.



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Public holiday alert: banks will remain closed for 3 consecutive days from tomorrow https://innovativewords.com/public-holiday-alert-banks-will-remain-closed-for-3-consecutive-days-from-tomorrow/ https://innovativewords.com/public-holiday-alert-banks-will-remain-closed-for-3-consecutive-days-from-tomorrow/#respond Sat, 18 Sep 2021 17:07:22 +0000 https://innovativewords.com/public-holiday-alert-banks-will-remain-closed-for-3-consecutive-days-from-tomorrow/ Holiday alert: According to the public holiday calendar shared by the RBI, only a few public holidays are present in the month of September. In total, there were 12 bank holidays during this calendar month. The list provided by the apex bank showed seven public holidays, while weekend leave was around six days. However, bank […]]]>

Holiday alert: According to the public holiday calendar shared by the RBI, only a few public holidays are present in the month of September. In total, there were 12 bank holidays during this calendar month. The list provided by the apex bank showed seven public holidays, while weekend leave was around six days. However, bank customers should be aware that there will be 3 consecutive bank holidays for three days starting tomorrow, which is Sunday September 19th.Also Read – Good News for Homebuyers: Kotak Mahindra Bank Cuts Mortgage Interest Rates to 6.5% | Here’s how to apply

On September 20, banks will be closed due to the local Indrajatra festival which is celebrated in Gangtok. On September 21, banks will be closed for Narayana Guru Samadhi Day which is celebrated in Kochi and Thiruvananthapuram in Kerala. Also Read – Maharashtra Public Holiday Alert: Banks Will Stay Closed Tomorrow Due To Ganesh Chaturthi, Will Be Closed 3 Consecutive Days

Therefore, it is advised that before doing any work related to the banking industry, clients should know when and where banks will be closed this month. Also Read – Latest International Flight News: Air India Resumes Direct Flight Services From Hyderabad To London Today | Check the full schedule here

Outside of public holidays, banks will benefit from a total of 6 weekly shutdowns in September. But even after that, the total number of public holidays is 12 because a weekly holiday falls on a public holiday.

Complete list of public holidays for the next week

September 19 – Sunday

September 20 – Indrajatra – (Gangtok)

September 21 – Sree Narayana Guru Samadhi Day – (Kochi and Thiruvananthapuram)

September 25 – Fourth Saturday

September 26 – Sunday

Online banking will not be interrupted

However, during this period, the operation of online banking will not be affected. This means that customers will not face any problem in online banking. They will be able to transfer funds as usual.


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JPMorgan to launch digital bank in UK next week https://innovativewords.com/jpmorgan-to-launch-digital-bank-in-uk-next-week/ https://innovativewords.com/jpmorgan-to-launch-digital-bank-in-uk-next-week/#respond Fri, 17 Sep 2021 13:33:40 +0000 https://innovativewords.com/jpmorgan-to-launch-digital-bank-in-uk-next-week/ Signage outside a branch of Chase Bank in San Francisco, California on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images LONDON – JPMorgan Chase is preparing to launch its highly anticipated digital bank in the UK next week. The move will see the US banking giant take on major UK lenders, […]]]>

Signage outside a branch of Chase Bank in San Francisco, California on Monday, July 12, 2021.

David Paul Morris | Bloomberg | Getty Images

LONDON – JPMorgan Chase is preparing to launch its highly anticipated digital bank in the UK next week.

The move will see the US banking giant take on major UK lenders, including HSBC, Barclays, Lloyds and NatWest, as well as start-ups like Monzo and Starling.

JPMorgan will also intensify its rivalry with Goldman Sachs, which launched its digital banking product Marcus in the UK in 2018.

New York-based JPMorgan first revealed plans to launch its Chase brand in the UK earlier this year. Rather than establishing physical branches, JPMorgan will only offer its services through a mobile app.

This is the first international expansion of JPMorgan’s consumer banking brand in a 222-year history.

The news was originally reported by the Financial Times and later confirmed by CNBC.

Sanoke Viswanathan, CEO of JPMorgan’s international consumer division, said the bank’s expansion into the UK was a “very big strategic commitment”.

“We’re going to spend hundreds of millions before we break even and get to a place where this is a sustainable business, and we’re in no rush,” he told the FT. .

Chase will initially offer checking accounts as well as a rewards program. He also plans personal loans, investments and longer term mortgages.

The UK is home to an increasingly crowded retail banking market. Fintech-friendly regulations have allowed challengers like Monzo, Revolut, and Starling – which offer checking accounts and other services via smartphones – to thrive and grow into billion-dollar businesses.

These digital banks have won millions of customers among themselves, while some have even tried their luck by entering the US market. Revolut, which now has more than 15 million customers, was last valued at $ 33 billion, making it the UK’s most valuable tech start-up.

JPMorgan’s arrival in the UK will put additional pressure on the country’s traditional lenders. State-backed lender NatWest has notoriously tried and failed to take on fintech challengers with a competing digital bank called Bó.

Under the leadership of CEO Jamie Dimon, JPMorgan has sought to combat the threat from fintech stars like PayPal and Square through a number of acquisitions.

As part of its efforts to expand into the UK, the bank agreed to acquire online wealth manager Nutmeg in June. Later that month, he announced a deal to buy OpenInvest, a San Francisco-based ethical investing platform.

Earlier this month, JPMorgan announced plans to acquire a controlling stake in Volkswagen’s online payment unit.


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Bankjoy appoints Mike Brown as vice president of products https://innovativewords.com/bankjoy-appoints-mike-brown-as-vice-president-of-products/ https://innovativewords.com/bankjoy-appoints-mike-brown-as-vice-president-of-products/#respond Mon, 13 Sep 2021 14:24:00 +0000 https://innovativewords.com/bankjoy-appoints-mike-brown-as-vice-president-of-products/ DETROIT – (COMMERCIAL THREAD) – Digital banking provider Bankjoy today announced the arrival of Mike Brown as Vice President of Products. In his role, Brown will lead the product strategy to help community financial institutions better compete with neobanks and mega-banks with modern and transformative digital products. Brown joins Bankjoy with over 15 years of […]]]>

DETROIT – (COMMERCIAL THREAD) – Digital banking provider Bankjoy today announced the arrival of Mike Brown as Vice President of Products. In his role, Brown will lead the product strategy to help community financial institutions better compete with neobanks and mega-banks with modern and transformative digital products.

Brown joins Bankjoy with over 15 years of experience, previously Director of Product Innovation at Mastercard. While there, he led the joint Mastercard and Bank of America innovation center in Charlotte, NC, leading design sprints, building prototypes, conducting customer research and managing pilots. new technologies. Prior to that, Brown was Vice President of Product for MapAnything, where he worked with his leadership team to build and manage product management, UX design and quality assurance teams in their efforts to create new SaaS solutions. .

Brown has also held additional positions ranging from senior product strategist to product marketing director for various technology and software design companies. Brown holds a BA from Yale University and an MBA from New York University, where he co-managed an $ 800,000 equity portfolio of the Michael Price Student Investment Fund.

“Joining Bankjoy was a natural fit,” said Brown. “Their mission to provide superior digital banking solutions matches my vision for this market. There is no reason why customers of community financial institutions should not have the best digital experience, and Bankjoy’s customer-centric approach far outstrips other providers. I look forward to supporting their mission in an increasingly crowded digital marketplace.

Designed by executives of financial institutions, Bankjoy provides modern banking technology including mobile, online, electronic statements, online account opening, online loan origination and conversational AI to banks and co-ops. of all sizes. The platform offers cutting-edge integrations to quickly upgrade the digital banking experience and deliver beautiful products with advanced features, easy navigation and a modern look. As a result, more and more financial institutions are choosing Bankjoy to drive their digital transformation.

“According to a recent Mobiquity survey, around 90% of respondents plan to continue leveraging digital technology to make their lives easier – and banking is no exception,” said Michael Duncan, CEO of Bankjoy. “In response, financial institutions are investing more in digital to foster deeper engagement with their customers. We’re seeing this trend as more banks and credit unions partner with us for a seamless digital experience. ”

Duncan added, “As Bankjoy continues to grow, it’s critical that we bring in experienced executives to help create and guide our product strategy. Mike joins us with not only an impressive experience, but an approach parallel to our own philosophies. His strong commitment to collaboration and his team spirit will strengthen our efforts to provide world-class products. He will be a tremendous asset to us. ”

About Bankjoy

Detroit-based FinTech Bankjoy provides modern banking technology, including mobile banking, online banking, and a banking API to banks and credit unions large and small. The company takes pride in creating superb products with advanced features, simple navigation, modern look and feel, and world-class user experiences shaped by dialogue with users. Bankjoy is a company backed by Y Combinator and CheckAlt. For more information, visit www.bankjoy.com.


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The CRA raises awareness against online fraud, hacking https://innovativewords.com/the-cra-raises-awareness-against-online-fraud-hacking/ https://innovativewords.com/the-cra-raises-awareness-against-online-fraud-hacking/#respond Sun, 12 Sep 2021 05:13:00 +0000 https://innovativewords.com/the-cra-raises-awareness-against-online-fraud-hacking/ The CRA raises awareness against online fraud, hacking Sep 12, 2021 – 8:13 AM Archive photo used for representation purposes only. Authorities have urged the public to exercise caution in cyberspace in light of ever-growing threats from cyber attacks, fraudulent calls and text messages asking for personal and banking information. The Communications Regulatory Authority (CRA), […]]]>

The CRA raises awareness against online fraud, hacking

Sep 12, 2021 – 8:13 AM

Archive photo used for representation purposes only.

Authorities have urged the public to exercise caution in cyberspace in light of ever-growing threats from cyber attacks, fraudulent calls and text messages asking for personal and banking information. The Communications Regulatory Authority (CRA), in a tweet, urged citizens and residents of Qatar to be vigilant and cautious in their online activities.

“There are several techniques of fraud and hacking. Beware and stay safe, ”the CRA tweeted.

The Authority stressed that people should not answer calls and messages from unknown numbers. If they receive calls from these numbers, they should immediately block them if they cannot find the origin.

Additionally, people should verify who they are talking to before sharing personal or banking information. When using social media apps, consumers should apply a two-step verification feature, if available, and not share verification codes with anyone.

Several people have been victims of fraudulent calls. They shared sensitive banking information, which led the authorities to increase awareness campaigns to educate the public about the safety of online activities. Six in 10 people admit to using the same password on multiple online accounts, from email to online banking, and only a third bother to change their password more than once a year.

Institutions have also been targeted, as Doha-based Aljazeera revealed in June that it was the subject of continued hacking attempts.

Cyber ​​attacks are on the rise in the Middle East and in the GCC. A recent IBM report “Cost of data breach hits record high during pandemic,” said the Middle East has the second costliest data breach at $ 6.93 million per incident. The region is dominated only by the United States at $ 9.05 million, Canada rounding out the top three at $ 5.4 million.

The report, which looked at actual data breaches suffered by 500 organizations around the world between May 2020 and March 2021, says the cost of cybersecurity incidents in the Middle East has increased by 6% over the past year.

The report also highlights a growing problem in which consumer data (including credentials) is compromised during data breaches, which can be used to spread further attacks. With 82% of respondents admitting to reusing passwords across multiple accounts, compromised credentials are one of the leading causes and effects of data breaches, creating an aggravating risk for businesses.

Trend Micro Solutions Detected and Blocked Over 4.7 Million Email Threats, Prevented 4.7 Million URL Victim Attacks According to its 2020 Annual Cyber ​​Security Report “A Constant State of Flux” malicious and nearly 20,000 (19,843) URL hosts. It has also identified and stopped over 740,000 malware attacks, while over 200 online banking malware threats have been blocked.

According to the report, home networks in Qatar have been a major draw for cybercriminals looking to turn to corporate systems, devices and networks.

Read also



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Your Money: How to Manage Your Finances When a Local Bank Closes https://innovativewords.com/your-money-how-to-manage-your-finances-when-a-local-bank-closes/ https://innovativewords.com/your-money-how-to-manage-your-finances-when-a-local-bank-closes/#respond Sun, 05 Sep 2021 01:30:00 +0000 https://innovativewords.com/your-money-how-to-manage-your-finances-when-a-local-bank-closes/ When Rose Mary McDonagh’s local bank closed temporarily for three months during the first Covid-19 lockdown, she had to make a 40 km round trip – or about 45 minutes – to her next nearest branch each time she needed to deposit a check. cDonagh, who is chairman of the Irish Farmers’ Association farming business […]]]>

When Rose Mary McDonagh’s local bank closed temporarily for three months during the first Covid-19 lockdown, she had to make a 40 km round trip – or about 45 minutes – to her next nearest branch each time she needed to deposit a check.

cDonagh, who is chairman of the Irish Farmers’ Association farming business committee, lives near Headford in Galway. The Headford branch of the Bank of Ireland (BoI) – which offers advice and self-service banking services – was one of several BoI branches that temporarily closed between late March and late June 2020 due to the Covid crisis.

While it is not possible to deposit cash or checks to your account at the Headford branch counter, customers can use the branch ATM to do so. However, when the Headford branch was temporarily closed during the first lockdown, customers could no longer use the branch’s ATM to deposit cash or checks into their accounts. This was also the case in the other BoI agencies which were temporarily closed during the first containment.

“If a farmer sells a cow or a sheep in a market, he often receives a check in the mail”

“You can go to the ATM [in Headford] and withdraw the money, but the bank took the housing away, ”McDonagh said. “So to make housing [of cheques or cash], you had to go to the BoI agency in Tuam, Galway City or Claremorris.

Tuam, the closest of these three branches, is about 12 miles from Headford. “If a farmer sells a cow or a sheep in a market, he often receives a check in the mail – and he goes to his bank to deposit the check into his account,” McDonagh said. “When a local branch is gone, having to travel to the next town to deposit a check takes a long time in your day. ”

When the Headford branch reopened at the end of June 2020, the housing center was returned. However, the temporary closure of that branch – and the temporary removal of its ATM’s check deposit facility – has shown how the loss of a single banking service can impact a local community.

Many Irish banks temporarily closed – or restricted the services available at some – branches during the first lockdown in response to challenges posed by the pandemic. While this inconvenience has been temporary, with a wave of permanent bank branch closures underway, more people will have to travel a distance to get to their nearest bank – and in the long term, too.

“In some cases there might be 20 km or 30 km or more between cities”

At the beginning of October, BoI will close 88 branches in the Republic of Ireland. AIB is expected to close 15 of its branches by the end of the year. Ulster Bank’s upcoming withdrawal from Ireland means its branches are expected to start closing next year – although the bank has said it does not plan to close any branches in the next ten months. KBC Bank announced last April its intention to withdraw from the Irish banking market.

Closing a local bank means some people could have to travel up to 50 km to get to the next branch, according to Séamus Boland, CEO of Irish Rural Link, which represents rural communities. Those living in the west, southwest and northwest are among the most affected by bank branch closures due to dispersed populations and the long distance between cities, Boland said.

“In some cases there could be 20 km or 30 km or more between cities,” Boland said. “The worst I have heard is 50 km. This means that many people have to travel further afield for essential banking operations. “

Additionally, people could be cut off from their bank altogether if they can’t drive and online banking is a struggle for them.

“Some people cannot travel for health reasons – because as people get older there are various reasons why they may not be able to drive,” Boland said. “Or you could have low-income people who don’t have a car or only have one car for the family.” [used by someone else during the day]. “

So if closing your local bank branch means you just can’t get to your bank now – or you have to do everything you can to do so, how could you handle your banking elsewhere?

1. Check your checkout

In addition to the savings and loans that credit unions traditionally offered, many now offer checking accounts, debit cards, and online banking. As long as your credit union provides a checking account, you should be able to get overdraft. Even when a credit union doesn’t offer a full checking account, you may be able to have your paycheck paid into your credit union account and set up a direct debit to pay your bills. Some of the larger credit unions, such as St Raphael’s Garda Credit Union, offer mortgages.

The larger the credit union, the more likely you are to be able to open a checking account there – and access the main products and services you can get at a bank.

Core Credit Union, for example, is a group of credit unions in South Dublin. “We don’t provide much that you can get in the bank,” said Michael Byrne, its managing director.

The main products that the largest credit unions do not yet provide are credit cards and investment products, according to Byrne.

In addition to offering checking accounts, Core Credit Union offers home and life insurance. “In a few months, we’ll be launching auto insurance and cancer coverage,” Byrne said. “We offer niche mortgages, that is, mortgages in which there may be complications that the bank does not want to enter into, for example where a family inheritance may be involved.

It should be relatively straightforward to transfer a checking account you have with a bank to your credit union – if the credit union offers checking accounts. “You can transfer your checking account and direct debits with us in exactly the same way you would if you were moving your checking account from one bank to another,” Byrne said.

Many credit unions have recently launched apps that allow you to access your credit union account and apply for loans online.

Be aware that the charges on the checking account of a credit union can be higher than those of a bank. Credit union current accounts offered via currentaccount.ie, for example, cost € 48 per year in account maintenance fees. With these accounts, you are not charged for the use of your debit card or for electronic payments entering and leaving your account. However, you can only make five free ATM withdrawals per month – and once you go over that limit you are charged 50c per withdrawal.

Some credit unions offer checking accounts and debit cards under the MYCU brand (mycu.ie).

Another advantage of credit unions is that you can get personal loans much cheaper there than at your bank. Core Credit Union, for example, charges 4.9pc, 5.96pc, or 7.98pc interest on its greener home loans – which are offered to those who improve the energy efficiency of their homes. St Raphael’s Garda Credit Union charges interest of 5.06 pc on its car loans.

As is the case with banks, the return on savings of credit unions is usually very low, if not zero. Additionally, many credit unions have savings limits that limit the amount of money you can save with them. Since these savings limits can be as low as $ 15,000 or $ 20,000, you may have to save your money elsewhere if you have a large lump sum to deposit. The Central Bank’s rules on capital requirements (the amount of capital that the Central Bank requires from a financial institution) is one of the main reasons these savings caps were introduced, according to credit unions. .

2. Bank at the post office

As An Post offers checking accounts, debit cards, credit cards, loans, and a range of bill payment services, it could also prove to be a good alternative to your bank, especially if you don’t. have no credit union nearby. The services available at your post office, however, will be more limited than what you can usually get from banks or large credit unions. An Post does not offer mortgages yet, although it is expected to do so next year. An Post recently launched its An Post Money app and checking account for young people aged 7 to 15.

With an annual account maintenance fee of € 60, the An Post Money checking account (his checking account for adults) is quite expensive.

3. Discover digital banks

Digital banks such as Revolut and N26 offer current accounts with no maintenance fees. Both banks also offer debit cards. A big appeal of these accounts is the ability to send money to local bank accounts – and other Revolut and N26 account holders – for free.

“Revolut and N26 are a viable alternative to [traditional] checking accounts – they’re good for day-to-day banking and cheap for foreign currency, ”said Daragh Cassidy, spokesperson for price comparison site Bonkers.ie.

Your ability to avoid daily bank charges with digital banks will depend on how you use the accounts – be especially careful here if you are withdrawing money.

You can’t get everything traditional banks offer at Revolut and N26. As digital banks do not have physical branches in Ireland, they are unlikely to be suitable for you if you also want to be able to walk into a branch to do your banking. Of course, if you are happy enough to bank online, you may not need to leave your existing bank at all if your local branch has closed, as all Irish banks offer online banking. line. As always, think before you jump.


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2021-26 Cyber ​​Security Market Report: Industry Size, Share, Outlook, Growth and Forecast https://innovativewords.com/2021-26-cyber-%e2%80%8b%e2%80%8bsecurity-market-report-industry-size-share-outlook-growth-and-forecast/ https://innovativewords.com/2021-26-cyber-%e2%80%8b%e2%80%8bsecurity-market-report-industry-size-share-outlook-growth-and-forecast/#respond Thu, 02 Sep 2021 08:55:00 +0000 https://innovativewords.com/2021-26-cyber-%e2%80%8b%e2%80%8bsecurity-market-report-industry-size-share-outlook-growth-and-forecast/ Cyber ​​security market Looking ahead, IMARC Group expects the global cybersecurity market to grow at a CAGR of around 11% during 2021-2026. SHERIDAN, ALABAMA, USA, Sep 2, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled “Cyber ​​Security Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021 -2026 ”, the size of […]]]>

Cyber ​​security market

Looking ahead, IMARC Group expects the global cybersecurity market to grow at a CAGR of around 11% during 2021-2026.

SHERIDAN, ALABAMA, USA, Sep 2, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled “Cyber ​​Security Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021 -2026 ”, the size of the global cybersecurity market has shown strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026.

Cyber ​​security solutions are used to protect servers, networks and other electronic systems against unauthorized access to data. They reduce the vulnerability of cyber attacks and protect critical information systems without interfering with the customer experience. They also allow employees to work anytime from any device or location. At present, the demand for cybersecurity solutions is increasing due to the increasing number of data breaches around the world.

Request Free Sample Report: https://www.imarcgroup.com/cybersecurity-market/requestsample

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.

Global cybersecurity market trends:

The coronavirus disease (COVID-19) outbreak and subsequent lockdown restrictions imposed by government agencies in many countries have increased the uptake of remote working models among businesses around the world. This, in turn, is catalyzing the demand for cybersecurity solutions to support business continuity amid the uncertainties of the pandemic. In addition, the increasing use of online banking services around the world is positively influencing the adoption of cybersecurity solutions in the banking, financial services and insurance (BFSI) industry. Additionally, there is a significant increase in the need to defend critical infrastructure against Advanced Persistent Threats (APT). As a result, governments around the world are using cybersecurity solutions to improve their security measures. Additionally, major players are using automated technologies, such as artificial intelligence (AI), machine learning (ML), and advanced analytics, to minimize the impact of breaches.

Ask the analyst for an instant discount and download the full report with table of contents and list of figures: https://www.imarcgroup.com/cybersecurity-market

Analysis and segmentation of the global cybersecurity market 2021-2026:

Competitive landscape with Key Player:

The competitive landscape of the industry was also examined along with the profiles of the major players being:

Accenture plc
Broadcom Inc
Capgemini
Cisco Systems Inc
Competent
HCL Technologies Limited
Infosys Limited
International Business Machine Corporation
Lockheed Martin Company
Palo Alto Networks Inc.
Tata Consulting Services
Tech Mahindra Limited
Trend Micro Incorporated
Wipro Limited.

Breakdown by component:

Solutions
Services

Breakdown by type of deployment:

Cloud based
On the site

Breakdown by user type:

Large companies
Small and medium enterprises

Breakdown by business sector:

IT and Telecom
Retail
BFSI
Health care
Defense / Government
Manufacturing
Energy
Others

Breakdown by region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Highlights of the report:

Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

Related report:

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Australian Coffee and Tea Capsule Market https://www.imarcgroup.com/australia-coffee-tea-capsules-market
Silica sand market in France: https://www.imarcgroup.com/france-silica-sand-market
Gcc Pet Food Market: https://www.imarcgroup.com/gcc-pet-food-market
Gcc Cat Food Market: https://www.imarcgroup.com/gcc-cat-food-market
Electronic cigarette market: https://www.imarcgroup.com/e-cigarette-market
Covered agricultural market: https://www.imarcgroup.com/indoor-farming-market
Set-top box market: https://www.imarcgroup.com/set-top-box-market
Medical electrodes market: https://www.imarcgroup.com/medical-electrodes-market
Healthcare Big Data Analytics Market: https://www.imarcgroup.com/healthcare-big-data-analytics-market

About Us:

The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the top of the market. business expertise.

Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 United States
Email: Sales@imarcgroup.com
Phone number: (D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – + 44-702-409-7331 | Asia: + 91-120-433-0800, + 91-120-433-0800

IMARC Services Private Limited
write us here
Elena Anderson
+ +1 6317911145


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How to apply for a business credit card https://innovativewords.com/how-to-apply-for-a-business-credit-card/ https://innovativewords.com/how-to-apply-for-a-business-credit-card/#respond Wed, 25 Aug 2021 21:09:19 +0000 https://innovativewords.com/how-to-apply-for-a-business-credit-card/ Businesses large and small could benefit from business credit cards when company employees use business credit cards, whether to purchase supplies, equipment, meals, or travel, making it easier to Company expense tracking and payments are made directly to the credit card company instead of individual employees. When employees use personal cards and have to submit […]]]>

Businesses large and small could benefit from business credit cards when company employees use business credit cards, whether to purchase supplies, equipment, meals, or travel, making it easier to Company expense tracking and payments are made directly to the credit card company instead of individual employees.

When employees use personal cards and have to submit expense claims, it becomes more difficult to track and categorize business expenses. And, instead of making a single credit card payment, the business needs to make multiple payments if multiple people have business expenses.

In addition to expense tracking, businesses can enjoy rewards through points or cash back programs, as well as, potentially, travel miles and other travel benefits.

How do I apply for a business credit card?

The process for applying for a business credit card is similar to applying for a personal card. Additionally, the types of cards available to businesses reflect what is available for personal cards.

You can get the following types of business credit cards:

  • · Cash back: in which you can earn a set percentage of money based on the total amount of your fees
  • · Points: where you can get a set number of points for every dollar spent on qualifying purchases
  • · Kilometers: where you can earn a certain number of miles for money spent on qualifying purchases
  • · 0% introductory APR: on balance transfers and / or purchases for a defined period of time

There are three steps you need to take to apply for a business credit card: check your credit score, research your options, and submit your application.

How to check your credit score?

Even if your application is for your business, credit card issuers will also check your personal credit score. Typically, you will need a personal FICO score of 670 or higher. Since your application will trigger a serious investigation on your credit, which could cause it to drop a few points, you want to know in advance if your score is high enough.

Companies that issue business credit cards typically use one or more of three reporting agencies – Equifax, Experian, or TransUnion – to check personal credit scores. Each of these agencies allows you to view your score for free every 12 months. While each agency may have a different score for you, these scores are often relatively close. With their online banking services, many banks will also show you your credit score for free. These scores usually come from one of the three rating agencies. You can also use independent companies like Credit Karma or Credit Sesame, which have programs where you can check your score at no cost. However, scores reported by third-party companies may not be as accurate as agency scores.

In addition to your personal score, you should check your business’ business credit score if it has one. Unlike personal credit scores, the credit scoring process for businesses is not standardized. Several companies provide scores to companies, such as Dun & Bradstreet, Nav, Equifax, and Experian, and each has different calculation methods. So, you will want to know which company the card issuer you are applying to is using and check your score with them before submitting your application.

How do you go about researching your business credit card options?

There are several factors to consider when choosing a business credit card. These include the issue of the card, what type of card you want, interest rates if there are annual fees, and financial features.

The card issuing company: A good place to start your research is the bank where you have your business account. If you already have a relationship with a banker there, they can help you determine the best card for your needs. If you don’t have a business checking account yet, you might want to turn to the bank that manages your personal accounts because, again, you have a pre-existing relationship with them. After that, you can check out major national banks like JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, US Bank, Truist, PNC, and TD Bank. However, don’t overlook regional banks, such as Bank of the West, BBVA Compass Bank, BMO Harris Bank, California Bank & Trust, Comerica Bank, HSBC, Huntington National Bank, M&T Bank, etc. However, not all credit card issuers report your trade credit activity to the trade credit bureaus. While developing a business credit score and history is important, you’ll want to choose a card issuer who will do these reports. Finally, you’ll want to find a credit card issuer that supports your type of business. Some do not offer cards to solopreneurs or associations, for example.

Type of business credit card: As mentioned earlier, you can choose a business credit card with points, cash back, miles, or a lower interest rate. Knowing how you and your employees will use the card will help you make this decision. For example, if you make a lot of business trips, you can opt for a card that allows you to accumulate miles. If you want additional items, you may want a card with points that you can redeem for a variety of items in the card issuer’s redemption catalog. Or, you may just want a direct cash back card so you can decide how you want to use the money you earn using the card.

Interest rate: If you don’t carry a balance from month to month, the interest rate may not be important. But, if there is a possibility that you are carrying a balance, you might prefer a card with a lower interest rate. Some business credit cards have an introductory APR of 0%, which can be beneficial if you have a large purchase coming up.

Annual fees: There are annual fees associated with some business credit cards, while other cards don’t charge you every year to use them. Cards with an annual fee often have additional benefits, so you will need to decide whether those benefits are worth the additional fees.

Financial characteristics: Many business credit card issuers include account management tools. Among the features may be the ability to upload your card information into your accounting program. These features can make it easier to manage your finances.

While it might not be possible to get everything you want out of a business credit card, by researching your options carefully, you can apply for the card and card issuer that caters to the majority of your needs. needs.

What are the necessary criteria for submitting a business credit card application?

Once you’ve figured out your personal and business credit score, decided what type of card you want and which credit card issuer you want to use, it’s time to submit your application. However, to make this process easier, you want to gather all of your information in advance.

Each business credit card issuing company has its own criteria and material demands. Typical information they will want to know is:

  • Company name: legal name of the company and DBA if there is one
  • Professional address: physical and postal (if different)
  • Business phone number
  • Tax Identification Number
  • Type of business: corporation, partnership, LLC, sole proprietorship
  • Industry: retail, technology, manufacturing, construction, etc.
  • Age: how long has the company been in existence
  • Revenue: current revenue and revenue projections or expectations
  • Expenses: monthly and / or annual
  • Personal Credit Score: Usually looks for points of 670 or higher
  • Personal guarantee: from the business manager and / or his associates to cover the debt
  • Social security number, date of birth and personal income: from the person applying for the business credit card

Once you have gathered your information, you can apply for a credit card. Most card issuers have a secure online portal for the application. For some banks, you can also apply in person. It can take anywhere from a few minutes to two weeks to find out if you’ve been approved. Then, if approved, it may take up to two weeks for your card to be received.

Why do you need a business credit card?

Business credit cards make it easier to separate your business and personal expenses. They usually come with financial tools that are compatible with your accounting software, saving you time when manually processing this information.

You will have a single monthly payment to the credit card issuer instead of multiple payments to staff members. You may be able to take advantage of incentives such as cash back, points or miles.

How do I get a business credit card approved?

If your business has one, business credit card issuers can review both your personal credit score and your business credit score. As a general rule, your personal credit score should be at least 670. Card issuers will look at other factors such as the age of your business, current and projected income and business expenses, as well as your personal income. .

Which business credit card is right for you?

Like personal credit cards, there are several types of business credit cards. You can choose from cash back, points, miles, 0% introductory APR, and more. Your choice depends on your business needs and how you use the card. For example, if you travel a lot for business, you might want a card that offers miles.

Which bank should you use for a business credit card?

Each credit card issuer has different requirements and offers for their business credit cards. You will want to research what is available from several different banks. This could include large banks that serve the whole country or local regional banks in your area.

You may want to start your research with the bank that holds your business checking account.


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Fake online banking scam costs thousands of tricked customers in New Ross area https://innovativewords.com/fake-online-banking-scam-costs-thousands-of-tricked-customers-in-new-ross-area/ https://innovativewords.com/fake-online-banking-scam-costs-thousands-of-tricked-customers-in-new-ross-area/#respond Tue, 24 Aug 2021 01:00:00 +0000 https://innovativewords.com/fake-online-banking-scam-costs-thousands-of-tricked-customers-in-new-ross-area/ At least six local people have fallen into an online banking scam in which they deposited hundreds of dollars as a down payment on a loan, only so that the money never reached their account. ardaí has ​​received distressed calls from people in their 20s who have deposited deposits up to € 500 through Revolut […]]]>

At least six local people have fallen into an online banking scam in which they deposited hundreds of dollars as a down payment on a loan, only so that the money never reached their account.

ardaí has ​​received distressed calls from people in their 20s who have deposited deposits up to € 500 through Revolut and Paypal into bank accounts after logging into fancy banking websites.

“They claim to be real loan companies. Businesses look for the first two months of upfront payments, ”a garda spokesperson said.

“Let’s say you are looking for € 5,000, you pay a deposit of € 500. The money is transferred out of the country.

The professional-looking website has drawn dozens of people to the area to its website.

“Once the money has passed, they cut off all contact and don’t send the loan as promised. It causes a lot of distress and people are looking for the money.

All cases are under investigation, but the sergeant warned that these investigations are very complicated.

“People are well aware of income and welfare scams, but may not be aware of them. We recommend people to check the Central Bank register and look for legitimate banks there.


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