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...
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...