APIs

As much as payment companies love to talk about opening up their platforms, there's definite room for improvement.

The FS-ISAC hopes banks and data aggregators will adopt the updated standard for sharing customer account data.

The concept of a digital payments platform that taps into consumer bank accounts is an old one. But there are still opportunities to implement it in new ways.

Plenty of U.S. banks already have their own robust API programs, but research by Nacha, the electronic payments association, indicates that the differences in their approaches could slow the banks' ability to synchronize with global fintech development.

Celent analysts Alenka Grealish and Stephen Greer explain how banks in Europe and the Netherlands have built business models around open banking.

The few U.S. banks embracing data sharing say the industry is moving toward the standard.

Bank of America Merrill Lynch has launched an application programming interface (API) gateway available to third-party fintech providers, as part of preparations for Europe’s PSD2 regulations that went into effect this month.

Enterprise customers will be able to send payment data to the bank through an application programming interface, rather than as XML or Swift files.

Dan Kimerling, founder of Deciens Capital, explains why it would make sense for U.S. banks to accept open banking.

If your billing and payments system has API integrations it makes it easy for your most valuable business asset, your customers, to do business with you, writes Martha Salinas, senior vice president at Multi Service Technology Solutions.

Bank of America Merrill Lynch has streamlined its virtual cards so that commercial purchasing clients may connect directly to the bank’s virtual card system and create single-use accounts in real time.

Banks' embrace of open-source development could eventually go beyond creating tools and apps — to something far more radical.

TD Bank's new lab seeks to divine the future of banking.

A new European Union directive guarantees that third-party providers can access bank customers’ account information. The requirement will trigger a new revolution in financial services in Europe that U.S. bankers should be tracking.

In a long-standing tradition, Credit Union Journal asked IT professionals to share the new things they’d like to have to help them have a successful new year. From data centers to more staff, their technology wish lists will keep Santa plenty busy.

Once 2018 arrives, significant new payment and data-sharing rules will take effect in Europe, and the fallout is expected to affect banks, merchants and technology vendors globally.

Analytics can customize experience for consumers and allow consumers to customize the experience for themselves, writes Matt Wilcox, senior vice president of marketing, strategy and innovation for digital banking at Fiserv.

Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses.

Some firms are investing in technology to help insurance clients shift to paperless payment processing.

Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do.