APIs

The deal points a way forward, not only to resolve the debate over screen scraping and ownership of customer data but to redefine banks' value proposition.

Regardless of what happens with the politically uncertain consumer bureau, consumer data access is an example of a CFPB issue that is apolitical.

Customers of JPMorgan Chase will no longer have to surrender their bank credentials in order to use Intuit products like Mint, TurboTax or QuickBooks.

Technology toolkits such as application programming interfaces (APIs) have enabled small businesses to use simple programming to extend online payments to consumers, and the same technology can be applied to marketplace transactions.

A consortium of fintech companies have formed a new industry group to advocate for better data sharing via open APIs.

Quicken is working with PayNearMe's Prism RESTful API to allow customers to see real-time transaction data and historical account information from significantly more billers in the Quicken personal finance platform.

The processor has launched its Integrated Solutions Group, a new segment that focuses on software development tools for integration with First Data platforms.

Manhattan-based Municipal Credit Union has launched a cloud-based open API platform from Payveris that supports digital payments and commerce, including account-to-account transfers, bill payment and other services on desktop, tablet and mobile devices.

Chatbots, virtual assistants and the like may mean fewer direct interactions between banks and consumers, fintech leaders say. But branches will become self-service destinations.

Los Angeles fintech firm InvestCloud has acquired London-based Babel Systems for $20 million.

The new year will ring in developments in the ways banks use chatbots and other artificial intelligence, and produce digital products and services.

While European banks worry about losing revenue because of the new Payment Services Directive (PSD2) requirement for opening up access to application program interfaces (APIs), they will benefit from the coming marketplace of premium APIs.

Munich-based digital bank technology provider Fidor and Token Inc. have signed a memorandum of understanding to develop services enabling banks to control the way they share data with third parties.

To launch its payments platform, Digitzs used crowdfunding as an alternative to the traditional venture capital. Its founder explains how it made that happen.

When Stripe Inc. launched its e-commerce payment services in 2011, the San Francisco-based startup wasn't presenting itself as a major threat to online giant PayPal — and even with its new $9.2 billion valuation, it still might choose a different path.

On Dec. 7, Dwolla will drop its consumer-facing applications like its mobile app and Dwolla.com

Donald Trump’s stunning upset in the presidential race on Tuesday is likely to embolden his followers to push for changes to Internet law that could significantly alter how financial technology is conceived, built and delivered to market.

Consumers may wholeheartedly trust the biometric security built into their smartphones, but banks could be doing more to protect them.

The long-term promise of mobile wallets has been that plastic cards could disappear, even from the point of issuance.

Application programming interfaces have grown so quickly, they're no longer the future of payments. They're the present.