Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. National Automated Clearing House Association (NACHA) — the...
In venture capital news, London startup TrueLayer has raised $3 million in Series A funding so that it can enable FinTech companies to access bank APIs. According to TechCrunch, the Series A funding round was led by Anthemis Group, with participation from existing investor Connect...
Better call Morse. The telegraph, it seems, may deserve recognition for ushering in the current era of FinTechs and cross-border payment tools. For June’s PYMNTS.com B2B API Tracker™, a FI.SPAN collaboration, Rolf Haag of Western Union Business Solutions discusses how the company’s payment network is...
There was a time when the telegraph was as important to keeping people connected as the smartphone is today. And while the telegraph’s heyday may well be over, the network it once rested upon can still be put to good use, especially with an assist...
Xero, the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. In a press release, Xero said the partnership will empower millions of small businesses to make more...
Open or closed — that is the question as banks evaluate their options for developing new API solutions. In the May B2B API Tracker™, a FI.SPAN collaboration, U.S. Bank’s Chief Innovation Officer Dominic Venturo discusses the innovations that have emerged when banks open their platforms to...
When it comes to finding the latest, greatest API solution does it help to invite outsiders into the sandbox? As more companies seek to engage in international trade, API-based solutions are being seen as a way to address some of the frictions that arise with...
It’s not like APIs just crashed the interface party. So why are banks acting like they’re the hottest trend? In the April B2B API Tracker™, Citi’s Global Head of Channel Services, Mayank Mishra, says its global world and innovators and their APIs are the only...
Are the stars aligning for companies to make API investment a top priority? The April PYMNTS.com B2B API Tracker™, powered by FI.SPAN, looks at how companies engaged in cross-border trade are turning to API solutions to reduce the friction that some players encounter when engaged in...
