Based on the activity of the past few weeks, it seems API-based solutions are becoming more at home on mobile devices as various companies launched several app-based solutions to expedite cash flows in different global markets. These developments could offer help to consumers, executives, entrepreneurs or freelancers as they conduct their own types of business.
The latest edition of the PYMNTS.com B2B API Tracker™, a FI.SPAN collaboration, looks at the latest solutions improving the way B2B payments are exchanged and innovating the way financial institutions offer payment-related services for customers.
Here’s a snapshot of some recent notable B2B API news:
B2B payments are becoming more mobile in various global markets for different types of industries.
Business executives, entrepreneurs and other managers who must frequently travel recently gained a new tool to help manage finances from outside the confines of the office. AscendentFX, a cross-border payments company, launched a new mobile payment solution enabling users to authorize payments, receive payment notifications and monitor account activity. The service also offers executives, business owners and managers the ability to track travel-related expenses.
In Sri Lanka, a new service was recently launched by cross-border payment firm Payoneer to help local entrepreneurs, business owners and freelance workers gain access to their payments through their eZ Cash mobile accounts. With the service in place, users can gain a more efficient way to access their earnings and make local payments in their preferred currencies.
Meanwhile, banking giant JPMorgan is looking to upgrade its own B2B payment services through APIs. The bank is working with Bill.com to integrate the latter’s payments solutions into the Chase platform, thus offering an estimated 2.5 million bank customers the ability to access electronic payment tools such as invoicing and cash management features.
For more recent notable news around the B2B API payments space, check out the October edition of the Tracker.
Tracking down savings in the post-purchase market
For consumers, there’s nothing that can invite a facepalm moment quite like finding a recently purchased item available for cheaper somewhere else — or worse, learning the item went on sale after the purchase was completed. While there are price protection measures to help consumers get the difference back on recent purchases, that process can be lengthy and cumbersome.
That’s the issue Earny seeks to address. The offering, which was developed with a Mastercard API, scans recent purchases against retailer inventory to provide consumers with savings they might have missed. For the October Tracker’s feature story, PYMNTS spoke with Oded Vakrat, co-founder and CEO of Earny, about how the service works and the ways it can change how consumers and retailers connect at the post-purchase stage of a transaction.
To read the story, download the latest Tracker.
. . . . . . . . . . . . . . . .
To download the October edition of the PYMNTS.com B2B API Tracker™, click the button below:
About the Tracker
The PYMNTS.com B2B API Tracker™, a FI.SPAN collaboration, serves as a monthly framework for the space, providing coverage of the most recent news and trends, along with a provider directory highlighting the key players contributing across the segments that comprise the B2B API ecosystem.