Payments News

On The Web

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Deals

Codat raises $10 million to aggregate all financial data from small businesses

“Codat is building an API that connects with all the systems that hold all the relevant financial data. That type of information is usually spread across multiple systems, and small businesses often use different systems. On the other side, banks, insurance companies and more can speed up their internal processes and give you an educated […]
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Tech

How Shopify Manages API Versioning and Breaking Changes

“At Shopify, we have tens of thousands of partners building on our APIs that depend on us to ensure our merchants can run their businesses every day. In April of this year, we released the first official version of our API . All consumers of our APIs require stability and predictability and our API versioning […]
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Tech

The Explainer: Open Banking and APIs

“Now around 200 UK financial providers are enrolled in the UK’s open banking scheme, which is regulated by the Financial Conduct Authority or a European equivalent. This new more transparent network of the UK’s banking data is shared via APIs, or application programming interfaces. The growing number of firms moving over to this new standard […]

On The Wires

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Tech

Digital River Unbundles Its Commerce Stack, Breaking Open an Unparalleled Suite of Possibilities for Merchants and Shoppers Alike

“Digital River , the most experienced global ecommerce enabler for established and fast-growing brands, announced today that it has transitioned to a “headless” approach , building out its suite of APIs and microservices. This move enables brands to combine best-of-breed solutions from multiple providers to create a flexible ecommerce offering designed to meet increasingly complex […]
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Tech

Bottomline Announces Open Banking API Suite

“Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology solutions that help make business payments simple, smart and secure, today announced the launch of its Digital Banking IQ Intelligent Engagement suite, which empowers banks to engage intelligently with customers, deliver a unified digital experience, and acquire, deepen and grow profitable relationships.”
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Tech

Citi APIs for Treasury Services Calls Now Over 157M Per Month

“Since the launch of CitiConnect API, Citi has moved over $26 billion for clients using a set of over 50 unique APIs. The pace of CitiConnect API adoption is accelerating, with 18 million calls in November 2018, growing to over 157 million calls by August 2019, representing a growth rate of 750%. Since then, the number […]
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Tech

NovoPayment Accelerates Digital Payments in Latin America and the Caribbean With Visa Direct and Token Services

“NovoPayment, a Visa Ready fintech partner and leading banking as a service (BaaS) enabler of digital financial and transactional services, today announced that they can now scale the deployment of Visa Direct for instant payments, P2P and P2M payments, account-to-account payments, fast funds and mass payouts, as well as the use of Visa Token Services. […]
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Tech

TaxCloud Releases New Integration With Stripe

“Today TaxCloud, a leading online sales tax compliance service for online retailers, announced that users of Stripe’s payments platform can now connect to TaxCloud to easily manage their U.S. sales tax obligations. This announcement comes as many more online retailers find themselves having to collect sales tax in additional states since the Supreme Court issued […]
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Tech

Bank of America Business Advantage 360 Gives Small Businesses the Ability to View Data From Third-Party Business Applications

“On the first anniversary of the launch of Business Advantage 360 , its one-stop digital dashboard for business owners, Bank of America today announced that it can now integrate data from key third-party business applications to provide a more complete financial picture for small businesses. Complementing the existing offering, which provides a view of business […]