APIs

The European regulation will make data sharing more complex, creating an opportunity for stakeholders to collaborate to build new tools.

Giving merchants direct access to third-party software isn’t new—First Data’s Clover unit introduced the concept three years ago—but Vantiv is giving its approach a custom-development spin with an app marketplace.

PayPal is strengthening its services for e-commerce marketplaces and crowdfunding money-raising projects through PayPal for Marketplaces, while also adding Pay with Google for its Braintree merchants accepting Android Pay.

The Consumer Financial Protection Bureau made it clear that consumers own their financial data and can share it with apps of their choice. Now it’s up to the industry to resolve thorny issues on liability and accountability.

The biggest innovators in payments aren't necessarily banks, and that's a problem for JPMorgan Chase, which has such a large client base that every startup sees it as a target.

The move creates more room for developers to work on new payment types and build additional use cases.

The nonbinding guidance, which followed a nearly yearlong inquiry about industry practices, said consumers should have greater ability to obtain information about their financial data, among other principles.

Bank of America Merrill Lynch has injected artificial intelligence and predictive analytic capabilities into its core CashPro tool for corporate users, using a set of application programming interfaces (APIs) to produce CashPro Assistant.

Bank services provider FIS has connected its Trax corporate payments platform to Citigroup via a series of application programming interfaces (APIs), enabling treasury payments to flow in real time and improving cash management for corporate customers.

Bottomline Technologies is introducing a set of APIs for its corporate customers in accordance with the U.K.’s new Open Banking policy and Europe’s Payment Services Directive (PSD2).

Cloud technology has made it possible to leverage APIs so that two pieces of software talk to each other and stay updated in real time, which dramatically improves the user experience, writes Sanjeev Kriplani, senior vice president of product at Bill.com.

No matter how good a company's e-commerce strategy is, the customer experience can still fall apart on the checkout page — especially when introducing new features.

Citi’s innovation leader, Yolande Piazza, envisions reinventing the way the bank interacts with customers, so that it is part of their daily lives — always present, always intuitively easy and always helpful.

Banks are using pending data-sharing rules in Europe to rethink how proprietary their systems should be, but they likely have little choice in the matter.

The open tech that powers added data sharing has already resulted in security events, writes Stephen Singham, managing director of security research at Distil Networks.

By design, any practice that requires a customer to simply hand over online bank credentials to a third party is a terrible idea.

By design, any practice that requires a customer to simply hand over online bank credentials to a third party is a terrible idea.

The directory has ways to get deeper information or contacts on Mastercard’s tokenization engine MDES, Masterpass, Mastercard Send, Qkr and mPOS providers.

First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says its decision has paid off.

New European standards require greater data sharing to accommodate faster transaction processing, mobile payments and other digital efforts — a trend that is also inspiring new collaborations across the pond.