Payments News

On The Web

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Tech

SWIFT publishes new ‘Pay Later’ API standard

“SWIFT has published a standard for ‘Pay Later’ APIs in a key step towards enabling the rapid adoption of an innovative new consumer payment model. “Pay Later’ is an instant online payment facility which offers customers the ability to use traditional bank loan financing to pay for goods purchased online.”
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Tech

Otto launches instant online payments for customers

“Using the new API, developed by the retailer alongside Hanseatic Bank, money can be transferred within a few seconds rather than several days for goods on the websites of Otto brands. Otto worked with Hanseatic Bank on the service, which as with other online payments requires the user to fill out a form with the recipient, […]
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Tech

Wirecard launches API developer portal

“With APIs as popular as an opened pot of jam to an unruly gang of wasps, the firm is keen to get involved in this craze. Its portal is designed to let customers integrate the Wirecard digital platform into their environments and expand their existing installations. At the same time, the company is announcing an […]
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Tech

Cross River and Railsbank create transatlantic API action

“The arrangement will enable the pair to use each other’s existing platforms, allowing for integration and servicing of their respective fintech customer bases across borders and regions. The partnership will also enable Railsbank’s customers in the UK and Europe the ability to enter the US through their existing integration with Railsbank.”
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Tech

TrueLayer unveils payments API

“London-based developer TrueLayer has unveiled an open banking and PSD2 based payments API for consumers and businesses. The API, which is in public beta, offers a new way to pay for goods and services or transfer money. It is an alternative to credit and debit card payments, bank transfers and traditional payments processors.”

On The Wires

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Systems

DFS Lab Announces Open Applications for Fintech Hackathon Focused on the Mojaloop Software

“Digital Financial Services Lab (DFS Lab), today announced it was hosting a hackathon in Dar es Salaam, Tanzania April 8 to 12. The Hackathon will offer participants an in-depth look Mojaloop, which is open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion. Interested applicants can apply on the DFS […]
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Tech

JCB Introduces Web API for Merchant Acquiring to Expand Payments Acceptance Across Europe and Beyond With ACI Worldwide

“JCB International .Co. Ltd, the international operations subsidiary of JCB Co., Ltd., and ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions , today announced an alliance to introduce “JCB Web API Service” using ACI’s UP eCommerce Payments solution. JCB Web API Service provides acquirers with a web API-based interface for authorization […]