Industry WIKI

On July 15, 2020, between 20:00 and 22:00 UTC, 130 high-profile Twitter accounts were compromised by outside parties to promote a bitcoin scam. Hackers used social engineering against Twitter employees to gain access to administrative tools, allowing them to post the tweets directly. The scam tweets asked individuals to send bitcoin currency to a specific cryptocurrency wallet, with the

On 18 July, 2024, WazirX, an Indian cryptocurrency exchange, reported a cyberattack in which approximately US$234.9 million (around ₹2,000 crore) in digital assets were stolen from a multi-signature wallet used under a third-party custody arrangement with Liminal Custody. Global analysis later linked the attack to the Lazarus Group, a North Korea–associated threat actor targeting crypto

Al-Barakat, or Al-Barakaat (Arabic: البركات), which means "Blessings" in Arabic, is a group of companies established in 1987 in Somalia. The firm is involved in the modern form of hawala, an informal value transfer system and remittance method. By 2001, Al-Barakat had outlets in 40 countries, and was the country's largest private employer. It handled about 140 million US$ a year from the

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.

Authorize.Net is a United States–based payment gateway service provider, allowing merchants to accept credit card and electronic check payments through their website and over an Internet Protocol (IP) connection. Founded in 1996 as Authorize.Net, Inc., the company is now a subsidiary of Visa Inc. Its service permits customers to enter credit card and shipping information directly onto a

A bank code is a code assigned by a central bank, a bank supervisory body or a Bankers Association in a country to all its licensed member banks or financial institutions. The rules vary to a great extent between the countries. Also the name of bank codes varies. In some countries the bank codes can be viewed over the internet, but mostly in the local language.

The Better Than Cash Alliance is a global partnership of 80 governments, companies, and International Organizations that accelerates the transition from cash to responsible digital payments to help achieve the Sustainable Development Goals (SDGs).

The China Foreign Exchange Trade System (CFETS; Chinese: 中國外匯交易中心), also known as National Interbank Funding Center (NIFC; Chinese: 全国银行间同业拆借中心), is a financial market infrastructure and electronic trading platform in China, established in 1994 in Shanghai under the People's Bank of China (PBC).

The Clearing House Interbank Payments System, commonly known as the CHIPS network, is the largest private sector USD clearing and settlement network in the world for high-value wire payments. The network, along with several other U.S. payment systems, is operated by The Clearing House Payments Company L.L.C. (The Clearing House), which is owned by member financial institutions.

Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the

Dahabshiil (Somali: Dahabshiil, Arabic: دهب شيل) is a Somali funds transfer company, headquartered in Dubai, UAE, and is the largest money-transfer business in Africa. Formed in 2004, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries. It provides financial services to international organisations, as well as to both large and small business

Electronic trading, sometimes called e-trading, is the buying and selling of stocks, bonds, foreign currencies, financial derivatives, cryptocurrencies, and other financial instruments online. This is typically done using electronic trading platforms where traders can place orders and have them executed at a trading venue such as a stock market, either directly or via a broker.

Seiko Epson Corporation, commonly known as Epson, is a Japanese multinational corporation headquartered in Suwa, Nagano, Japan, and one of the world's largest manufacturers of printers and information- and imaging-related equipment. Its products include inkjet, dot matrix, thermal and laser printers for consumer, business and industrial use, scanners, laptop and desktop computers, video

The Federal Department of Finance (FDF, German: Eidgenössisches Finanzdepartement, French: Département fédéral des finances, Italian: Dipartimento federale delle finanze, Romansh: ) is one of the seven departments of the Swiss federal government. The department is headquartered in Bern and headed by a member of the Swiss Federal Council, Switzerland's finance minister. Initially, in 1848

Fonix is a British payment company that provides a mobile payments and a mobile messaging platform. The company is headquartered in London.

Freedom Holding Corp. is an American investment conglomerate headquartered in Almaty, Kazakhstan. Founded in 2008 by Timur Turlov in the United States, the company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, bank

GCash is a Philippine mobile payments service owned by Mynt, Inc. (formerly known as Globe Fintech Innovations, Inc. until 2026), and operated by its wholly owned subsidiary, G-Xchange, Inc.

ISO 9362 is an international standard for Business Identifier Codes (BIC), a unique identifier for business institutions, approved by the International Organization for Standardization (ISO). BIC is also known as SWIFT-BIC, SWIFT ID, or SWIFT code, after the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which is designated by ISO as the BIC registration authority.

M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. It has since expanded to Tanzania, Mozambique, Democratic Republic of the Congo (DRC), Lesotho, Ghana, Egypt, and Ethiopia. The rollouts in India, Romania, and Alban

Merchantrade Asia (Merchantrade) is a financial service company based in Malaysia. The company's business is centered on international money transfers, foreign currency exchange, wholesale banknotes, digital payment processing and mobile telecommunications. They also introduced microinsurance as part of their service offerings.

The Ministry of Economy and Finance (MEF; Khmer: ក្រសួងសេដ្ឋកិច្ចនិងហិរញ្ញវត្ថុ, ALA-LC: Krasuang Seṭṭhakicc ning Hiraññavatthu) accounts for the administration of financial and economic policy and affair in the Kingdom of Cambodia. In accordance to the official website, the ministry was commissioned by the Royal Government of Cambodia to perform missions of guidances and administrations

The Minister of Finance (Arabic: وزارة المالية) is the head of the Government of Palestine's branch that is in charge of finance. The minister deals with launching audits, collecting tax from Palestinian businesses and overseeing financial aid directed to Palestine. Estephan Salameh is the current Minister of Finance and Planning.

The Ministry of Finance (Somali: Wasaaradda Maaliyadda), abbreviated MOF, is a ministry of the Government of Somalia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, th

NEC Corporation (日本電気株式会社, Nippon Denki Kabushiki gaisha; an acronym for Nippon Electric Company) is a Japanese multinational conglomerate corporation headquartered at the NEC Supertower in Minato, Tokyo, Japan. It sells IT and network services, including cloud computing, artificial intelligence (AI), Internet of Things (IoT) platform, and telecommunications equipment and software to bus

Orange Money is the mobile phone based money transfer service of French telecom company Orange S.A., available in most of the group's affiliates in Africa. Its users can deposit money into an account linked to their mobile phone number, and then access a range of services, in particular transferring money domestically and internationally, paying bills and buying airtime top-up.

Post Office Savings Bank, or very briefly PostBank (trading name of Post Office Bank Limited), was a bank owned by the New Zealand Government as the government's postal savings system. The bank was established in 1867. It became PostBank in 1987 and was disestablished and the branches were rebranded when it was acquired by Australia and New Zealand Banking Group (ANZ) in 1989.

Prepaid refers to goods and services paid for in advance. Examples include postage stamps, attorneys, tolls, public transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards.

The SADAD payment system was established by the Saudi Central Bank (SAMA) to be the national electronic bill presentment and payment (EBPP) service provider for the Kingdom of Saudi Arabia (KSA). The core mandate for SADAD is to facilitate and streamline bill payment transactions of end consumers through all channels of the KSA (Kingdom of Saudi Arabia) Banks. SADAD was launched on June

Star Micronics Co., Ltd. (スター精密株式会社, Sutā Seimitsu Kabushiki-gaisha) is a Japanese multinational electronic components and printer manufacturing company headquartered in Shizuoka, Japan. It was founded in 1947 as a precision processor of miniature components, later expanding into automatic lathes, printers, micro audio components, and other fields.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium (French: Société Coopérative) and owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. It also sells software and services to financial insti

A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular publicly listed company or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities. Some exchanges include ti

Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions is a book by Ben Mezrich that recounts the exploits of an American called John Malcolm (a pseudonym) arbitraging index futures in Japan in the 1990s. The book was released on May 4, 2004 by William Morrow and Company.