SatchelPay official statement regarding incoming and outgoing transactions
POSTED ON: 8 Aug, 2019
We would like to inform you that the Bank of Lithuania has partly suspended the provision of our services by it's decision of August 2, 2019. At this moment we have already eliminated the issue that has led to this sanction and are in process of improving our internal procedures…
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New SatchelPay Functions for Business: Merchant Accounts and E-Invoicing
POSTED ON: 20 Jul, 2019
You probably know the expression: time is money. Nowadays, time is so valuable that everything should be lightning-fast to keep businesses prosperous. Naturally, transferring money from and to your business needs to be fast to keep up with the world’s progress. Virtually any purchase you do online should be processed…
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Two-Factor Authentication in Modern Payments Ecosystem
POSTED ON: 8 Jul, 2019
The two-factor authentication, or 2FA, is a variety of strong customer authentication, which requires the user to enter two different pieces of evidence of their authenticity. Historically, the most popular evidence of authenticity was the password, known only to the user. In 2FA, it is called a knowledge factor, as…
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How to benefit from a multi-currency account
POSTED ON: 26 Jun, 2019
One of the latest trends in international business banking is multi-currency IBAN. This feature is extremely beneficial to the businesses that are trading their services and goods worldwide, and here’s why: One IBAN account number works for any currency, so you don’t need to sort out, what account is suitable…
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