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100 point check
The 100 point check is a personal identification system adopted by the Australian Government to combat financial transaction fraud by individuals and companies, enacted by the Financial Transactions Reports Act (1988) (FTR Act), which established the Australian Transaction Reports and Analysis Centre (AUSTRAC) and which continued in existence under the Anti-Money Laundering and Counter-
Banking2002 Uruguay banking crisis
The 2002 Uruguay banking crisis was a major banking crisis that hit Uruguay in July 2002. The crisis unfolded after years of heavy dollarization since the 1950s when chronic inflation and weak confidence in the peso led Uruguayans to prefer U.S. dollars. This left the economy highly exposed to external shocks. The crisis was caused by a considerable contraction in Uruguay's economy and b
Trading basics2008 Société Générale trading loss
In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to cha
Trading basics2010 United States foreclosure crisis
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup
Securities & exchanges2012 JPMorgan Chase trading loss
In April and May 2012, large trading losses occurred at JPMorgan's Chief Investment Office, based on transactions booked through its London branch. The unit was run by Chief Investment Officer Ina Drew, who later stepped down. A series of derivative transactions involving credit default swaps (CDS) were entered, reportedly as part of the bank's "hedging" strategy. Trader Bruno Iksil, nic
Trading basics2016 Indian banknote demonetisation
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2000 banknotes in exchange for the demonetised banknotes. Prime Minister, Narendra Modi said that this decision would curtail the shadow economy, increase cashless transactions and reduce the use of illicit
Trading basics3-D Secure
3-D Secure (more commonly referred to as 3D Secure or 3DS) is a protocol designed to be an additional security layer for online credit and debit card transactions. The name refers to the "three domains" which interact using the protocol: the merchant/acquirer domain, the issuer domain, and the interoperability domain.
Trading basics5-6 moneylending
Bombay 5-6, also known as simply 5-6 (pronounced "five six"), is an informal financial platform in the Philippines. Lenders do not require collateral, including documents, to potential borrowers.
Trading basics99 Cents Only Stores
99 Cents Only Stores LLC (also branded as The 99 Store) was an American price-point retailer chain based in Commerce, California. It offered "a combination of closeout branded merchandise, general merchandise and fresh foods." The store initially offered all products for 99¢ or less. The base price became 99.99¢ in 2007 and products were later introduced at higher prices.
Finance99ers
99ers is a colloquial term for unemployed people in the United States, mostly citizens, who have exhausted all of their unemployment benefits, including all unemployment extensions. As a result of the American Recovery and Reinvestment Act passed by Congress in February 2009, unemployed people could receive up to 99 weeks of unemployment insurance benefits, hence the name "99ers". An es
Trading basicsA/B testing
A/B testing (also known as bucket testing, split-run testing or split testing) is a user-experience research method. A/B tests consist of a randomized experiment that usually involves two variants (A and B), although the concept can be also extended to multiple variants of the same variable. It includes application of statistical hypothesis testing or "two-sample hypothesis testing" as u
Trading basicsAccess (credit card)
Access was a British credit card brand launched by Lloyds Bank, Midland Bank and National Westminster Bank in 1972 to rival the already established Barclaycard. It was established as a joint venture incorporated as The Joint Credit Card Company Limited and operated from Southend-on-Sea, until 1989 when part of the business was transferred to Basildon. In July 1991, First Data Resources p
Trading basicsAccord and satisfaction
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. The accord is the agreement to discharge the obligation and th
Trading basicsAchaea, Dreams of Divine Lands
Achaea, Dreams of Divine Lands is a roleplay-focused, text-based multi-user dungeon (MUD) released on September 9, 1997. It was published by Achaea LLC, now known as Iron Realms Entertainment. Achaea is operated by collecting the revenue through a microtransaction system, which allows payment for the acquisition of in-game benefits.
Payments & settlementACI Worldwide
ACI Worldwide is a digital payments software company headquartered in Elkhorn, Nebraska, that processes billions of transactions daily equating to trillions of U.S. dollars for customers in 94 countries. Banks, financial institutions, merchants, billers, acquirers, issuers, and other third-party payment service providers use its intelligent solutions to deploy secure payment rails across
Securities & exchangesAcquire
Acquire is a board game published by 3M in 1964 that involves multi-player mergers and acquisitions. It was one of the most popular games in the 3M bookshelf games series published in the 1960s, and the only one still published in the United States.
Trading basicsAction Taimanin
Action Taimanin is a free-to-play action role-playing game developed and published by Gremory Games for iOS and Android. It was later ported to Microsoft Windows by Lilith and Infini-Brain. The game is an all-ages spin-off of Lilith's Taimanin visual novel series.
Trading basicsActive users
Active users is a software performance metric that is commonly used to measure the level of engagement for a particular software product or object, by quantifying the number of active interactions from users or visitors within a relevant range of time (daily, weekly and monthly).
FinanceActuary
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mec
Trading basicsAd blocking
Ad blocking (or ad filtering) is a software capability for blocking or altering online advertising in a web browser, an application or a network. This may be done using browser extensions or other methods, such as browsers with inside blocking.
Trading basicsAdaptive market hypothesis
The adaptive market hypothesis, as proposed by Andrew Lo is an attempt to reconcile economic theories based on the efficient market hypothesis (which implies that markets are efficient) with behavioral economics, by applying the principles of evolution to financial interactions: competition, adaptation, and natural selection. This view is part of a larger school of thought known as Evolu
Trading basicsAdobe Experience Cloud
Adobe Experience Cloud (AEC), formerly Adobe Marketing Cloud (AMC), is a collection of integrated online marketing and web analytics products by Adobe.
Trading basicsAdverse selection
In economics, insurance, and risk management, adverse selection is a market situation where asymmetric information results in a party taking advantage of undisclosed information to benefit more from a contract or trade.
BankingAftermath of the repeal of the Glass–Steagall Act
The Glass–Steagall legislation was enacted by the United States Congress in 1933 as part of the 1933 Banking Act, amended as part of the 1935 Banking Act, and most of it was repealed in 1999 by the Gramm–Leach–Bliley Act (GLBA). Its protections and restrictions had also been chipped away during most of its existence by lenient regulatory interpretations and use of loopholes.
Trading basicsAgent-based commerce
Agent-based commerce (also referred to as agentic commerce) describes an emerging form of e-commerce in which semi-autonomus and fully autonomous artificial intelligence (AI) agents independently execute purchasing and payment processes on behalf of users or organizations. Unlike conventional digital commerce systems, which require direct human interaction at key decision points, agent-
Trading basicsAgflation
Agflation (or agrarian inflation) is an economic phenomenon of an advanced increase in the price for food and for industrial agricultural crops when compared with the general rise in prices or with the rise in prices in the non-agricultural sector. The term was increasingly used in analytical reports, for example, by the investment banks Merrill Lynch in early 2007 and Goldman Sachs in e
Trading basicsAid to the Church in Need
Aid to the Church in Need (German: Kirche in Not, Italian: Aiuto alla Chiesa che Soffre, French: Aide à l'Eglise en détresse, Latin : Auxilium Patienti Ecclesiae) is an international Catholic pastoral aid organization, which yearly offers financial support to more than 5,000 projects worldwide.
Trading basicsAIDA (marketing)
The AIDA marketing model was originally created by E. St. Elmo Lewis to break down how an advert should work (drive Awareness, spark Interest, create Desire and prompt Action). However, it has been re-used by many marketers to represent the first part of the customer journey instead. There are other models such as the RACE model (Chaffey) which offer a more thorough representation of th
Trading basicsAirline booking ploys
Airline booking ploys are used by travelers in commercial aviation to lower the price of flying by circumventing airlines' rules about how airline tickets may be used. They are generally a breach of the contract of carriage between the passenger and the airline. Airlines discourage such activities but have difficulty enforcing measures against them.
Trading basicsAirwallex
Airwallex is a financial technology company founded in Melbourne, Australia, in 2015. It provides payment processing, foreign exchange, business accounts, corporate cards, and other financial services businesses. In 2019, Airwallex reached a reported valuation of US$8 billion.
Trading basicsAISDALSLove
AISDALSLove (standing for Attention, Interest, Search, Desire, Action, Like/dislike, Share, and Love/hate), is an hierarchy of effects model in advertising adapted from AIDA's hierarchy of effects model (Lewis, 1900; Strong, 1925) which has been used by many researchers, both academicians and practitioners, to measure the effect of an advertisement.
Trading basicsAlbertsons
Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.
Fiat currenciesAlexander del Mar
Alexander del Mar (aka Alexander Del Mar and Alexander Delmar; August 9, 1836 – July 1, 1926) was an American political economist, historian, numismatist and author. He was the first Director of the Bureau of Statistics at the U.S. Treasury Department from 1866 to 1869.
Trading basicsAlgorithmic trading
Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume. This type of trading attempts to leverage the speed and computational resources of computers relative to human traders. In the twenty-first century, algorithmic trading has been gaining traction with both retail and institutiona
Trading basicsAllegiance (company)
Allegiance, Inc is a voice of customer (VoC) and enterprise feedback management (EFM) technology platform that let organizations collect and analyze consumer data in real time. The company was recognized for providing large companies and government agencies with a range of big data mining tools, and it was listed as one of the GSA’s approved vendors. Allegiance’s clients include VMware,
Trading basicsAlternative data (finance)
Alternative data (in finance) refers to data used to obtain insight into the investment process. These data sets are often used by hedge fund managers and other institutional investment professionals within an investment company. Alternative data sets are information about a particular company that is published by sources outside of the company, which can provide unique and timely insigh
Trading basicsAlternative Investment Fund Managers Directive 2011
Alternative Investment Fund Managers Directive 2011 (2011/61/EU) is a directive of the European Union on the financial regulation of hedge funds, private equity, real estate funds, and other "Alternative Investment Fund Managers" (AIFMs) in the European Union. The Directive requires all covered AIFMs to obtain authorisation, and make various disclosures as a condition of operation. It fo
Trading basicsAlternative trading system
Alternative trading system (ATS) is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions. Alternative trading systems are typically regulated as broker-dealers rather than as exchanges (although an alternative trading system can apply to be regulated as a securities exchange). In general, for regulatory
Payments & settlementAltyn Asyr (payment system)
Altyn Asyr (lit. 'Golden age') is a Turkmenistani domestic card scheme founded in 2001 by the Central Bank of Turkmenistan. The Altyn Asyr system is an integral part of Turkmenistan's payment infrastructure. Altyn Asyr offers financial services, including credit card, debit card, and prepaid card issuing and network processing.
BankingAmalgamated Bank
Amalgamated Bank is an American financial institution. It is the largest union-owned bank and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by Workers United, an SEIU Affiliate.
FinanceAnglo Irish Bank hidden loans controversy
The Anglo Irish Bank hidden loans controversy (also known as the circular transactions controversy) began in Dublin in December 2008 when Seán FitzPatrick, the chairman of Anglo Irish Bank (the state's third-largest bank), admitted he had hidden a total of €87 million in loans from the bank, triggering a series of incidents which led to the eventual nationalisation of Anglo on 21 January
Trading basicsAnnoyance factor
An annoyance factor (or nuisance or irritation factor), in advertising and brand management, is a variable used to measure consumers' perception level of annoyance in an ad, then analyzed to help evaluate the ad's effectiveness. The variable can be observed or inferred and is a type that might be used in factor analyses. An annoyance effect (or nuisance or irritation effect) is a referen
FinanceAnti–money laundering
Anti–money laundering (AML) refers to a set of laws, regulations and institutional practices designed to help financial institutions and other regulated entities prevent, detect, and report money laundering and related financial crime. (Anti–money laundering is sometimes paired with combating the financing of terrorism, using the initialism AML/CFT.) In addition to regulatory and supervi
FinanceAnti–money laundering software
Anti-money laundering (AML) software is software used in the finance and legal industries to help companies comply with the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. AML software can facilitate faster and more accurate compliance and investigations.
Trading basicsAntiquities trade
The antiquities trade is the exchange of antiquities and archaeological artifacts from around the world. This trade may be illicit or completely legal. The legal antiquities trade abides by national regulations, allowing for extraction of artifacts for scientific study whilst maintaining archaeological and anthropological context. The illicit antiquities trade involves non-scientific ext
Payments & settlementApple Pay
Apple Pay is a mobile payment service by Apple that allows users to make payments in person, in iOS apps, and on the web. Supported on iPhone, Apple Watch, iPad, Mac, and Vision Pro, Apple Pay digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale terminal. It does not require Apple Pay–specific contactless payment terminals; it c
Trading basicsArknights: Endfield
Arknights: Endfield is an action role-playing game developed and published by Hypergryph. A spin-off of Arknights (2019), the game was released on 22 January 2026, for Android, iOS, PlayStation 5 and Windows.
Trading basicsArticle 7A of the New York City housing code
Article 7A of the New York Real Property Actions and Proceedings Law (RPAPL) enables that "a housing court judge appoints an administrator to collect the building's rents and use them for repairs" as an alternative to "fruitless rent strikes." About 10% per year of those appointed in the 1980s were removed, and money accountability problems also occurred. This law can also help expedite
Trading basicsArtificial intelligence in marketing
Artificial intelligence marketing (AI marketing) is a form of marketing that uses artificial intelligence concepts and models such as machine learning, natural language processing, and computer vision to achieve marketing goals. The main difference between AI marketing and traditional forms of marketing resides in the reasoning, which is performed through a computer algorithm rather than
Payments & settlementAspire (platform)
Aspire is a Singapore-based financial technology platform providing financial services and software for businesses, including multi-currency accounts, corporate cards, payments, foreign-exchange services and expense management. Its operations have expanded from Southeast Asia to more than 30 markets, with regulatory approvals and registrations in jurisdictions including Hong Kong, Austra
FinanceAssault on Wall Street
Assault on Wall Street (also known as Attack on Wall Street and formerly known as Bailout: The Age of Greed) is a 2013 action thriller film written and directed by Uwe Boll and starring Dominic Purcell, Erin Karpluk, Edward Furlong and Keith David. It tells the story of a security guard who struggles to pay for his wife's medical bills and loses his investments in the 2008 financial cris
Trading basicsAssistant Secretary of the Treasury for Terrorist Financing
The Assistant Secretary for Terrorist Financing is an official within the United States Treasury Department appointed by the President of the United States, tasked with formulating, coordinating, and executing the U.S. government's counterterrorism financing and anti-money laundering strategies, as well as engaging in financial diplomacy to disrupt the financing of illicit actors and U.S
FinanceAssociation for the Taxation of Financial Transactions and for Citizens' Action
The Association for the Taxation of Financial Transactions and for Citizens' Action (French: Association pour la Taxation des Transactions financières et pour l'Action Citoyenne, ATTAC) is an activist organisation originally created to promote the establishment of a tax on foreign exchange transactions.
Trading basicsAstron (wristwatch)
The Astron wristwatch, formally known as the Seiko Quartz-Astron 35SQ, was the world's first "quartz clock" wristwatch. It is now registered on the List of IEEE Milestones as a key advance in electrical engineering.
NetworksAtari SA
Atari SA (formerly Infogrames Entertainment SA (French pronunciation: [ɛ̃fɔɡʁam])), also known as Atari Group, is a Luxembourgish holding company that owns mainly video gaming-related interactive entertainment properties. Atari SA's publishing labels include Atari, Inc. (formerly GT Interactive), Nightdive Studios and Digital Eclipse, and Infogrames. It is known for the RollerCoaster Tyc
Payments & settlementATM
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance or account information inquiries, at any time and without the need for direct interaction with bank staff.
Trading basicsATM card
An ATM card is a dedicated payment card issued by a financial institution (i.e. a bank) which enables a customer to access their financial accounts via its and others' automated teller machines (ATMs) and, in some countries, to make approved point of purchase retail transactions. Many ATM cards also doubled as cheque guarantee cards. ATM cards are not credit or debit cards, however most
Trading basicsATM usage fees
ATM usage fees are what many banks and interbank networks charge for the use of their automated teller machines (ATMs). In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users. There is usually a higher fee for the use of White-label ATMs rather than bank-owned ATMs.
Trading basicsAttack marketing
Attack marketing is a form of marketing that incorporates a series of creative and strategic techniques used to build and maintain public awareness surrounding a person, place, product, or event. Attack marketing utilizes the power of social interactions to execute non-traditional marketing campaigns that drive sales, increase name awareness and create long-term buzz around a specific bu
Trading basicsAttribution (marketing)
In marketing, attribution, also known as multi-touch attribution (MTA), is the identification of a set of user actions ("events" or "touchpoints") that contribute to a desired outcome, and then the assignment of a value to each of these events. Marketing attribution provides a level of understanding of what combination of events in what particular order influence individuals to engage in
Securities & exchangesAuction rate security
An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long-term nominal maturity for which the interest rate is regularly reset through a Dutch auction. Since February 2008, most such auctions have failed, and the auction market has been largely frozen. In late 2008, investment banks that had marketed and distributed auction rate secur
Trading basicsAudience response
Audience Response is a type of interaction associated with the use of online systems such as presentations to facilitate interaction between a presenter and their audience. Systems for co-located audiences combine Wireless hardware with presentation software. Systems for remote audiences may use telephones or web polls for audiences watching through television or the internet. Various na
Trading basicsAustralian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian financial services industry. APRA was established on 1 July 1998 in response to the recommendations of the Wallis Inquiry. APRA's authority and scope is determined pursuant to the Australian Prudential Regulation Authority Act, 1998 (C
Securities & exchangesAustralian Securities and Investments Commission
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC, which reports to the treasurer, was established on 1 July 1998 following recommendations
Trading basicsAutomated clearing house
An automated clearing house (ACH) is a computer-based electronic network for processing transactions, usually domestic low-value payments, between participating financial institutions. It may support both credit transfers and direct debits. The ACH system is designed to process batches of payments containing numerous transactions, and it charges fees low enough to encourage its use for l
Payments & settlementAutomatic Bank Services
Automatic Bank Services Ltd. (Hebrew: שירותי בנק אוטומטיים; abbreviated as Shva Hebrew: שבא) is an Israeli company that provides communications and computing services in the banking sector in Israel. Its main field is the clearing of credit card transactions. The company's first CEO, until 1984, was Yoram Elster. After him, for more than thirty years, the CEO was Gideon Milowitzki. CEO M
AssetsAvalanche (blockchain platform)
Avalanche is a public blockchain and smart-contract platform launched in September 2020 by the American company Ava Labs. The platform's native cryptocurrency is AVAX.
Payments & settlementAzeriCard
AzeriCard is an Azerbaijani bank card processing company. The International Bank of Azerbaijan owns 100 percent of AzeriCard.
Trading basicsBad debt
In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. A high bad debt rate is caused when a b
Payments & settlementBalance of payments
In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world. These financial transactions are made by individuals, firms and government b
BankingBancNet
BancNet (also spelled Bancnet) is a Philippine-based interbank network connecting the ATM networks of local and offshore banks, and the country's single interbank network in the Philippines in terms of the number of member banks and annual transactions. Due to its status as the country's single ATM switch operator, it is designated by the Bangko Sentral ng Pilipinas (BSP) as the country
FinanceBangko Sentral ng Pilipinas
The Bangko Sentral ng Pilipinas (lit. 'Central Bank of the Philippines'; commonly abbreviated as BSP in both Filipino and English) is the government-owned central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the
BankingBank account
A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan ac
BankingBank account debits tax
Bank account debits tax (BADT or BAD), typically called the bad tax in the media, was an Australian bank transaction tax, levied on customer withdrawals from bank accounts with a cheque facility (both withdrawals made by cheque or by another means, such as EFTPOS).
Payments & settlementBank Clearing Center
Bank Clearing Center Ltd. (Hebrew: מרכז סליקה בנקאי; known in its abbrevatiion Masav (Hebrew: Masav) operates the national infrastructure for payment transfers in the Israeli economy. Masav leads the payments and clearing sector in Israel and operates advanced payment transfer systems for tens of thousands of organizations, financial entities and government institutions in Israel. The v
BankingBank Holding Company Act
The Bank Holding Company Act of 1956 (12 U.S.C. § 1841, et seq.) is a United States Act of Congress that regulates the actions of bank holding companies.
BankingBank run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future. It may occur when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), a large volume of customers seek to withdraw a greater amount of cash from deposit accounts with a financia
BankingBank tax
A bank tax, or a bank levy, is a tax on banks which was discussed in the context of the 2008 financial crisis. The bank tax is levied on the capital at risk of financial institutions, excluding federally insured deposits, with the aim of discouraging banks from taking unnecessary risks. The bank tax is levied on a limited number of sophisticated taxpayers and is not especially difficult
BankingBank transaction tax
A bank transaction tax is a tax levied on debit (and/or credit) entries on bank accounts. In 1989, at the Buenos Aires meetings of the International Institute of Public Finance, University of Wisconsin–Madison Professor of Economics Edgar L. Feige proposed extending the tax reform ideas of John Maynard Keynes, James Tobin and Lawrence Summers, to their logical conclusion, namely to tax a
BankingBankAxept
BankAxept is the national payment system in Norway, used both physically and eventually digitally. The security of BankAxept is accomplished with the use of chip technology and PIN codes. Payments of less than NOK 500 can be carried contactless and without use of a PIN code. By using BankAxept, the money is charged from the cardholder's account immediately, and it is always verified whet
Trading basicsBankcard
Bankcard was a shared brand credit card issued by financial institutions in Australia and New Zealand between 1974 and 2006. It was managed by the Bankcard Association of Australia, a joint venture of Australia's largest banks, and was the nation's first mass market credit card.
BankingBanker (ancient)
The banker of ancient times was employed within financial activities, during the ancient Mesopotamian, ancient Greek and ancient Roman periods.
BankingBanking in ancient Rome
In ancient Rome there were a variety of officials tasked with banking. These were the argentarii, mensarii, coactores, and nummularii. The argentarii were money changers. The role of the mensarii was to help people through economic hardships, the coactores were hired to collect money and give it to their employer, and the nummularii minted and tested currency. They offered credit systems
BankingBanking in Australia
Banking in Australia is a central component of the country's financial system and one of the most concentrated banking sectors in the world. As of 2025 the sector contributes 7.5% of GDP and employs 450,000 people.
BankingBanking in the United States
In the United States, banking had begun by the 1780s, along with the country's founding. It has developed into a highly influential and complex system of banking and financial services. Anchored by New York City and Wall Street, it is centered on various financial services, such as private banking, asset management, and deposit security.
BankingBanking in Turkey
Banking in Turkey is an important aspect of the financial system Turkey's dynamic economy. Banks handle the majority of money and capital market transactions and activity. Commercial banks make up the majority of Turkey's financial sector, accounting for 91 percent of overall financial sector assets as of 2020.
BankingBanking software
Banking software refers to computer systems used by financial institutions to manage and deliver banking services. These systems support functions such as account management, transaction processing, record keeping, and customer interactions across various channels. Banking software may include core baking systems as well as applications for online, mobile, and automated services. Its
Trading basicsBarter
In trade, barter (derived from bareter) is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Barter is considered one of the earliest systems of economic exchange, used before the invention of money. Economists usually distinguish barter from gift economies in many
FinanceBase erosion and profit shifting
Base erosion and profit shifting (BEPS) is a category of corporate tax avoidance strategies used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions or no-tax locations where there is little or no economic activity, thus "eroding" the "tax-base" of the higher-tax jurisdictions using deductible payments such as interest or royalties. For the gover
Trading basicsBaumol–Tobin model
The Baumol–Tobin model is an economic model of the transactions demand for money as developed independently by William Baumol (1952) and James Tobin (1956). The theory relies on the tradeoff between the liquidity provided by holding money (the ability to carry out transactions) and the interest forgone by holding one’s assets in the form of non-interest bearing money. The key variables o
Trading basicsBC Card
BC Card (Korean: 비씨카드) is a South Korean financial services company headquartered in Seoul. South Korea's largest payment processing company, it provides end-to-end payment services, primarily to financial institutions, as well as to local merchants through its subsidiary company Smartro; credit cards, debit cards and prepaid cards; local brand network operation under the brand of "BC";
FinanceBearer bond
A bearer bond or bearer note is a bond or debt security issued by a government or a business entity such as a corporation. As a bearer instrument, it differs from the more common types of investment securities in that it is unregistered—no records are kept of the owner or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued — the "bearer"—
Securities & exchangesBearer instrument
A bearer instrument is a document that entitles the holder of the document to rights of ownership or title to the underlying property. In the case of shares (bearer shares) or bonds (bearer bonds), they are called bearer certificates. Unlike normal registered instruments, no record is kept of who owns bearer instruments or of transactions involving transfer of ownership, enabling the own
Trading basicsBeatrice Foods
Beatrice Foods Company was a major American conglomerate founded in 1894. One of the best-known food processing companies in the U.S., Beatrice owned many well-known brands such as Tropicana, Krispy Kreme, Jolly Rancher, Orville Redenbacher's, Swiss Miss, Peter Pan, Avis, Milk Duds, Samsonite, Playtex, La Choy and Dannon. It also owned several chemical and consumer goods companies until
Trading basicsBehance
Behance, stylized as Bēhance, is a creative networking site. Owned by Adobe since 2012, its main focus is to showcase and discover creative work.
Trading basicsBertrand competition
Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822–1900). It describes interactions among firms (sellers) that set prices and their customers (buyers) that choose quantities at the prices set. The model was formulated in 1883 by Bertrand in a review of Antoine Augustin Cournot's book Recherches sur les Principes Mathématiqu
Payments & settlementBHIM
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions. The application supports all Indian banks which use UPI, which is built
Trading basicsBill Conway (politician)
William Elias "Bill" Conway III (born May 8, 1978) is an American politician, attorney, businessman, and military veteran. He is the alderman for the 34th ward in the Chicago City Council, having won the 2023 election for the office. He also serves as the Democratic committeeperson for the 34th ward.
Trading basicsBill of sale
A bill of sale is a document that transfers ownership of goods from one person to another. It is used in situations where the former owner transfers possession of the goods to a new owner. Bills of sale may be used in a wide variety of transactions: to sell goods, exchange, give, or mortgage objects. They can be used only to transfer ownership of goods that people already own or to trans
FinanceBillGuard
BillGuard was a personal finance security and productivity company. Its mobile and web applications scanned credit and debit card transactions, alerting users to potential scams, billing errors, fraudulent charges, and hidden fees.