The Electronic Payments Association and the Payments Innovation Alliance announced Wednesday (Oct. 5) that it released a Meeting Summary Report and Overview Document from the latest meeting of the API Standardization Industry Group. In a press release, the groups said the API Standardization Industry Group,...
FinTech companies have grown accustomed to using APIs to conduct business — and are now expecting their banks to do the same. For September’s PYMNTS.com B2B API Tracker™, a FI.SPAN collaboration, Ben Isaacson, SVP of Cross River Bank’s payments division, explains how the bank’s decision...
New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. But, because these solutions — like Bitcoin — are largely untested, many traditional banks are wary of investing in companies...
It’s not fair, said FI.SPAN CEO and Co-Founder Lisa Shields, that Bill.com and AvidXchange get to have all the business payments fun — and there’s no reason why banks shouldn’t get to participate. Banks can be intimidated by FinTechs and APIs (application programming interfaces) or...
In the past, banks and FinTechs have been known to lock horns like (financially savvy) reality TV stars. Can APIs build a bridge and hand everyone a rose? For August’s PYMNTS.com B2B API Tracker™, a FI.SPAN collaboration, Silicon Valley Bank’s director of ACH product management...
The rivalry between banks and FinTechs has, at times, been tense if not downright combative. Enter APIs to help the two sides coexist more peacefully. API solutions are doing more than helping two different types of financial institutions find ways to collaborate. By integrating artificial...
After decades of focus on plastic cards, Mastercard has turned its attention to the potential of APIs to expand its services and reach. For the July B2B API Tracker™, a FI.SPAN collaboration, PYMNTS catches up with Oran Cummins, Mastercard’s SVP of APIs, about how APIs are furthering its mission of a...
Could APIs be the great payment equalizers? One major payment company is ready to take that chance in an effort to expand the reach of its services. APIs are promising to deliver significant changes to the way financial companies operate. Some of the most notable...
PayU, a global online payment service provider headquartered in Amsterdam, has launched a new single API integration that will allow merchants to boost their business in high-growth markets. According to GrowthBusiness.co.uk, the PayU Hub provides merchants with access to 2.3 billion potential new customers in major...
