Author: mintme

What is a SWIFT code?

SWIFT or BIC codes identify the bank with whom the beneficiary holds their account for use when sending funds cross-border. The database of SWIFT codes and the administration of the membership of financial institutions is the job of the Society…

About VAT and Amazon in Europe

Amazon.co.uk : “VAT is charged on sales by Amazon.co.uk within the European Union (EU)“.  http://www.amazon.co.uk/gp/help/customer/display.html/ref=hp_bc_anchor?ie=UTF8&nodeId=201238070 VAT rates applicable for items purchased at Amazon UK. The info refers to VAT rates charged by Amazon.co.uk on physical goods dispatched to EU destinations:…

Where are BIC/SWIFT and IBAN codes mandatory?

You’ll need to quote BIC and IBAN codes when sending International Payments to the following 47 countries: * All EU and EEA countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland,…

Coming to an EU bank near you: SEPA

On 1st February 2014, SEPA (Single Euro Payments Area) came into effect. SEPA is a payment-integration initiative of the European Union for the simplification of Euro payments across Europe. This in fact means the creation a borderless payment system throughout…

Dell XPS13 ultrabook

Great hardware, missing software integration Dell’s answer to the Mac Book Air is their flagship XPS13 ultrabook. The sleek notebooks sell at a 1300 Euros price tag. It is more powerful and its screen is far better than the Air’s…

Unveiling the hidden meaning

Nowadays, information is everywhere but, is it meaningful? It is not about how much data there is out there, but about how meaningful it is and, more importantly, what can we learn from it. We flow in an ocean of…

Trollope and Waterstone: two books

Swimming against the Stream by Tim Waterstone, founder of the Waterstone’s booksellers and former chairman of HMV. Tim Waterstone declared that Trollope’s The Way We Live Now is the best novel about business in an interview to FT in September…

Problems with Easyjet’s Customer Service

On the phone Airline customers are used to manage their bookings online. For many, when something is wrong, the web site is simply not enough. They need to “speak” with someone about their bookings or flights. It is not easy…

Boycott to Iranian swift bank codes

Earlier in 2012, a few organisations like the American Foreign Policy Council and the United Against Nuclear Iran group lobbied to the US and Europe to have Iran sanctioned for their “illicit activities” in the wake of the country’s inroad…

The app economy – interview to MovingWorld

A recent report claimed that “the App Economy employs now 466,000 people in the United States, up from zero in 2007 when the iPhone was introduced”. The author, Dr. Michael Mandel of South Mountain Economics, LLC, concludes that “Innovation creates…

Bankrupt INTERNATIONAL BANKING CORPORATION

The INTERNATIONAL BANKING CORPORATION of Bahrain with SWIFT code IBCBBHBM is under administration. The external administrator is Trowers & Hamlins. The case is not connected to the trouble of hat Gulf International Bank (GIB) in 2009 due to its investments…