APIs

Europe's Payment Services Directive, or PSD2, has almost everything a technology vendor would want. It affects an entire continent, and it involves both sweeping new data requirements and a substantial IT revamp for large financial institutions.

The funding comes as the financial services industry continues to search for safer ways for customers to share their account data with third-party apps.

Allen, Texas-based Giact Systems is combining its identity and payment verification tools into a single platform called Epic.

The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs.

The JPMorgan CEO detailed the bank's $9.5 billion technology budget, forthcoming upgrades and more.

Despite massive technological changes over the last two decades, Pam Brodsack of TMG says credit unions still face the dual challenge of not just catching up but getting ahead of the curve.

Bankers spoke candidly about the ups and downs that partnering with a young tech firm entails at American Banker’s Retail Banking 2017 conference in Miami last week.

A faster network is letting the regional bank bring new technology into its branches and share data with fintech partners via APIs.

Within the payments industry, Braintree was a well-known technology provider even before it became a unit of PayPal in 2013. But as the company expands, it finds that its reach has its limits.

The tech giant said it is enabling third-party developers to create financial services apps in the cloud.

The private-equity firm Vista Equity Partners will acquire D+H in a deal valued at $3.57 billion.

A new joint venture with Gas Station TV will help Verifone Systems Inc. expand its services in the coming year, providing more exposure for the terminal manufacturer's merchant clients and a stronger media service for its petroleum clients. In addition, Verifone will expand its role as a software provider.

The cross-border payments startup will use proceeds from its Series D round to fuel growth.

The app economy has grown big enough now that many of the early rules no longer apply.

When Visa turned part of its technology shop into an innovator's sandbox, the card brand hoped it would accelerate its evolution from a rail for plastic cards to a diverse commerce enabler.

Third party technology development from APIs and real-time digital payments are expanding, creating a new area of security risk.

Banks are partnering with tech companies to win back some of the small-business customers that the industry lost to fintechs.

Payment companies like Braintree and the card brands have opened up their technology to external developers. The next generation of merchant apps will require even more flexibility and speed.

Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too.

In the gig economy, more companies need to make more frequent payments to workers, and that need is being met through the use of open development tools and web delivered services to power complex transactions.