PayPugs, a Washington DC-based online payment solution for medium and high-risk industries, has announced the appointment of Gints Veidemanis today as the company’s Head of Card, with effect from 31 January 2022.
This is a new job position that the payment service provider has created. Veidemanis will, therefore, be expected to provide leadership and strategy for PayPugs card solutions as well as drive the development and
execution
Execution
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Read this Term of the overall product roadmap. His strategic direction and client-centric approach will make an important impact on PayPugs growth over the coming years.
Before joining PayPugs, Veidemanis worked for more than 20 years in the banking sector. Early in his career, he joined the cards department where he gained profound experience about digital and physical card operations. He had worked in major banks, such as SEB Swedish bank, Luminor bank and RIB (Regional Investment Bank). Therefore, Veidemanis has solid work experience to build PayPugs card operations at an international scale. Besides that, Veidemanis has the expertise to work with VISA and Mastercard, and this gives him the ability to implement the infrastructure for efficient and most importantly compliant operations at PayPugs.
Commenting about the announcement, Veidemanis stated: “I am delighted to have joined the PayPugs team. It is really exciting to join such an enthusiastic and fast-moving company. The vision set out is something that everyone can get behind. The international thinking was an appealing reason to join the company. I hope to do my best to implement the needed business practices in order to reach PayPugs next phase of growth.”
Expanding Fast, Efficient Financial Services to Customers
Last month, Paypugs partnered with Verifo, an e-money and payment services based in Lithuania, to expand banking and payment possibilities in the international money transfer market. PayPugs established collaboration with Verifo in order to achieve cheaper, faster and better financial services in today’s competitive markets.
The partnership came when Paypugs is focused on collaborating with third-party partners to enhance its services and sign up
business-to-business (B2B
Business-to-Business (B2B)
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Read this Term) clients. In November last year, Paypugs partnered with Wallester, an Estonia licensed card issuer and an official Visa Principal Member, to provide card issuing solutions to its clients. Also, in July last year, Paypugs formed a partnership with BDSwiss, a multi-regulated FX and CFDs broker, to bring new payment options to its clients.
PayPugs, a Washington DC-based online payment solution for medium and high-risk industries, has announced the appointment of Gints Veidemanis today as the company’s Head of Card, with effect from 31 January 2022.
This is a new job position that the payment service provider has created. Veidemanis will, therefore, be expected to provide leadership and strategy for PayPugs card solutions as well as drive the development and
execution
Execution
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Read this Term of the overall product roadmap. His strategic direction and client-centric approach will make an important impact on PayPugs growth over the coming years.
Before joining PayPugs, Veidemanis worked for more than 20 years in the banking sector. Early in his career, he joined the cards department where he gained profound experience about digital and physical card operations. He had worked in major banks, such as SEB Swedish bank, Luminor bank and RIB (Regional Investment Bank). Therefore, Veidemanis has solid work experience to build PayPugs card operations at an international scale. Besides that, Veidemanis has the expertise to work with VISA and Mastercard, and this gives him the ability to implement the infrastructure for efficient and most importantly compliant operations at PayPugs.
Commenting about the announcement, Veidemanis stated: “I am delighted to have joined the PayPugs team. It is really exciting to join such an enthusiastic and fast-moving company. The vision set out is something that everyone can get behind. The international thinking was an appealing reason to join the company. I hope to do my best to implement the needed business practices in order to reach PayPugs next phase of growth.”
Expanding Fast, Efficient Financial Services to Customers
Last month, Paypugs partnered with Verifo, an e-money and payment services based in Lithuania, to expand banking and payment possibilities in the international money transfer market. PayPugs established collaboration with Verifo in order to achieve cheaper, faster and better financial services in today’s competitive markets.
The partnership came when Paypugs is focused on collaborating with third-party partners to enhance its services and sign up
business-to-business (B2B
Business-to-Business (B2B)
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Read this Term) clients. In November last year, Paypugs partnered with Wallester, an Estonia licensed card issuer and an official Visa Principal Member, to provide card issuing solutions to its clients. Also, in July last year, Paypugs formed a partnership with BDSwiss, a multi-regulated FX and CFDs broker, to bring new payment options to its clients.
Source: https://www.financemagnates.com/executives/paypugs-appoints-gints-veidemanis-as-head-of-card-business/