Payments News

On The Web

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Tech

Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

“Founded in 2010, Dallas-based Modo works to reduce friction in the payments industry through technology that creates interoperability between systems, without needing changes to those systems. Deutsche Bank says that Modo’s technology will help it expand its existing digital B2B and B2C payments business. In particular, it will help extend payments into non-bank payment platforms such […]
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Tech

Microservice architecture – throughout the business

“Microservice architecture is defined as a method for development of an application in which the large application is divided into small modular services. Each service performs one thing extremely well – it assists a specific business goal and uses simple language with well-defined interfaces to communicate with other services.”
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Deals

Simple co-founder bids to upend financial world with APIs and a stablecoin

“Simple co-founder Shamir Karkal has taken the wraps off his latest project: Sila, a startup offering fintech firms a suite of APIs and developer tools supported by a dollar-pegged stablecoin. Named for the world’s first ‘token’ – a small bowl used by the Sumerians in 3000 BC to measure a standardised volume of barley – Sila […]
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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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On The Wires

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Tech

UnionPay International gives global developers access to its APIs

“UnionPay International (UPI) today announced the launch of the UPI Developer, an open platform that gives global developers access to 18 of UnionPay’s cross-border mobile Internet payment products and services in the first phase. Through the platform’s application programming interface (API), developers can integrate UnionPay’s technical services into their products efficiently and cost-effectively, thus providing […]
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Tech

CSI Launches Open API Platform to Provide Secure Connections to Data

“Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, introduces CSIbridge, an open application programming interface (API) platform, to give banks the power to build custom technology integrations that maximize efficiency and enhance competitiveness.”