Offshore Internet Banking Advantages and Disadvantages

The topic of offshore internet banking is a hot one and one that is increasingly growing in popularity not only within the consumer banking community, but also the business or corporate banking sector. The beauty of offshore online banking is that in addition to enabling you to conduct banking activities allowed by traditional and local […]

Eastern European Banking Model

A traditional banking model in a CEEC (Central and Eastern European Country) consisted of a central bank and several purpose banks, one dealing with individuals’ savings and other banking needs, and another focusing on foreign financial activities, etc. The central bank provided most of the commercial banking needs of enterprises in addition to other functions. […]

How and Why to Open a Bank Account in Hong Kong

Hong Kong today remains one of the best offshore banking jurisdictions. It offers a great combination of bank secrecy, corporate secrecy, a financially and politically stable environment, and strong banks. But perhaps most importantly, it’s a secure offshore investment haven for those who want to diversify out of sinking western currencies into booming Asian markets, […]

The Pros And Cons Of Prepaid Credit Cards

Observers in the lending industry have estimated that there may be at least 50 million Americans who are not able to qualify for credit. These consumers are usually young, often members of the minority groups and unbanked…and they are faced with the long-standing dilemma of credit: how can I build my credit record if no […]

Wise Credit Card Consumer Safe Cash

Some people fear having credit cards because of potential problems that can occur. However, when used properly, they are a great financial tool. If you need to buy something that you don’t have the cash for or don’t want to spend the cash on immediately, you can use a credit card. In this article, you […]

How To Reduce Credit Card Interest Rates

Credit cards are nothing new to American consumers. Everywhere you look, Americans are constantly being asked to apply for a new credit card! Now, you probably know what the selling point is with most cars, THE INTEREST RATE! This is because the interest rate or APR on your credit card delegates how much money you […]

Using Debit Cards to Develop Spending Self-Discipline

Debit cards are issued by banks and, in most cases, look and spend exactly like a credit card. The only difference is that the debit card does not advance you any credit. In fact, using a debit card is much like writing a check without the paper. Any amount you spend is deducted directly from […]

The Right Way to Process Debit Cards in Your Business?

As a merchant accepting plastic from your customers, you will take a mixture of actual credit cards and debit cards, also known as “check cards”.  These two types of payment carry different costs to you as the merchant.  This article will discuss the various ways to process debit cards. By regulation, a debit card can […]

The Basics of Your Debit Card

Think a credit card is safer to use than a debit card? Most people do. They convince themselves that credit cards carry a better track record, and you’re less likely to have your money stolen from you when you use a credit card. Sadly, those people are wrong. Credit cards carry a huge risk of […]