Turkish banks have long had installment loyalty programs which enable customers to spread credit card payments over several months — similar to the buy now, pay later (BNPL) service that has grown in popularity in recent years. But for merchants that want to offer this...
The use of application programming interfaces (APIs) in banking is growing, making it critical for financial institutions to develop a strong API strategy to integrate with third parties and business partners. In fact, “there’s an opportunity to API-enable pretty much all customer journeys,” Claire Melling, NatWest...
Open banking firm Truelayer has launched a new product to help businesses onboard customers. The company announced the launch of Signup+, a new tool that it says can make the onboarding process faster, safer and more reliable, in a Tuesday (Jan. 31) press release. According...
A new application programming interface (API) hub is uniting companies to help their technology take off. API hub provider Rapid and trade group International Air Transport Association (IATA) said in a Wednesday (Jan. 18) press release that the IATA’s new Open AI Hub will boost...
On the surface, booking a hotel online appears simple and straightforward. But behind the scenes, numerous technically mediated interconnections between booking websites and hotels are in play as customers browse rooms, check availability and compare prices. And as convenient as it might seem, there isn’t...
Macro headwinds aside, embedded finance is poised for long-term growth. Itai Damti, CEO of the Banking-as-a-Service platform (BaaS) Unit, told PYMNTS that BaaS and embedded finance models would change the banking, payments and retail dynamics. Short term, the evolution of any ecosystem depends on the...
HotelPlanner and ZentrumHub have teamed up to deliver an API solution for the travel industry. HotelPlanner, a London-based TravelTech firm, said in a Tuesday (Jan. 3) press release that it will use ZentrumHub’s application programming interface (API) platform to connect its booking engine to hotels...
Companies must do more with less when it comes to accounts payable. “What I am seeing,” Kenneth Apple, vice president of customer success at Routable, told PYMNTS of the company’s corporate clients, “is that people are being cautious. They’re being financially safe — and making...
Bank APIs are the foundation of European open banking. Since the EU’s second payment services directive (PSD2) came into force, regional banks have created application programming interfaces (APIs) that enable third parties to access account data and initiate payments. But while open banking highlighted numerous...
