The push toward payments digitization traces its roots to the 1970s, beginning with the Automated Clearing House — the first real attempt to create a fully automated digital payments system. Fast forward a few decades, and it may seem that progress has been glacial. After...
The expense management space is rapidly evolving as businesses demand more flexible ways to manage their spend and investment continues to be poured into providers. Many expense management providers are investing in application programming interfaces (APIs) to drive more value and improve their corporate spend...
Banking app Nerve on Wednesday (Feb. 23) unveiled public application programming interfaces (APIs) that will broaden its reach beyond music creators to the entire creator economy and allow users to make instant, low-cost payouts. Platforms and service providers who make payouts, advances or royalty splits...
Open banking initiatives have given consumers in many countries access to a range of new financial products and services. But across African nations, a lack of data sharing and open banking infrastructure limit the ability for innovative FinTechs to bring their services to more people...
Amid the pandemic, banks have had to get creative to meet customers’ demands for new products and an increasingly digital experience. Matt Naish, head of Product Strategy at FISPAN, told PYMNTS in an interview that application programming interfaces (APIs) are critical for helping financial institutions...
FDX has reported 28 million consumer accounts now using its FDX API for open finance and open banking data sharing, a press release says. The group says more than a million new accounts have been transitioned to the API per month. In addition, FDX reports...
As we earn our daily bread — the money we’re paid at 9-to-5 jobs or via gig work — there are foundational units that translate into paychecks. We get paid by the hour (even salaried workers do) or by the Uber ride, DoorDash delivery or...
In the competitive world of the payments sector, a number of leading companies are leveraging APIs (application payment interfaces) to improve consumer experiences. As a recent PYMNTS/USEND study found, these companies use APIs to tap into proprietary data about their customers, offer enhanced data security...
Money movement automation platform Astra is teaming up with core infrastructure financial services firm Cross River Bank, to give FinTech developers the ability to use debit card payment rails to fund accounts and facilitate deposits. Astra’s first card-to-card instant payment API gives FinTech developers the...
