“Truework has built new features into our income and employment verification solution, which is already widely used by the mortgage industry. Now lenders can offer both instant and affordable pre-approvals with verified income and user-permissioned payroll data embedded directly into loan applications, all from the same API integration.”

“Almost two-thirds of banks globally (65 percent) say Open APIs that enable access to a broad range of fintechs and consolidation of different payment types are the key drivers behind their plans to modernize payments systems, according to a new global report, Defining and Building the Next Generation Payment Hub , from ACI Worldwide (NASDAQ: ACIW) and Edgar, Dunn and Company (EDC).”

“As small and medium businesses shift more of their operations online, the need for financial products with embedded payment solutions is growing. To make it easier for providers of banking and financial software providers to offer embedded payment solutions to small and medium businesses, Veem Inc. on Thursday announced its Veem Partner Connect program. The program creates multiple options for software providers to embed Veem’s accounts receivable, accounts payable, and invoicing capabilities into their existing applications, thereby enabling small businesses to access that functionality through a single platform.”

“Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products. Ahead of taking to the stage at Money 20/20 US in Las Vegas where the news will be formally announced, the New York-based startup revealed that their aim is to allow banks and fintech firms to make better identity, risk and now, credit decisions.”

“Nacha’s Afinis Interoperability Standards announced today it has released three new APIs to assist corporate customers of financial institutions with accessing and reviewing their own financial transaction data to better help them with cash management analysis and informed decision-making. Afinis is a membership-based organization that focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally.”

“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 means a shift in what the sector considers valuable. When every firm has access to the same data, where is the competitive edge?”

“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 cash flow and access to real-time expertise and guidance, Business Advantage 360 can now seamlessly integrate data into the dashboard from QuickBooks® Online1, RUN Powered by ADP®2, G Suite by Google Cloud, and Google Analytics3.”

“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 scheme at Shopify allows us to continue to develop the platform while providing apps with stable API behavior and predictable timelines for adopting changes.”

“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 its opinion in South Dakota v. Wayfair in June 2018.”

“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. The measure currently provides issuers, acquirers and merchants improved time-to-market in the adoption of key Visa solutions via APIs.”

“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 of connected clients has increased from 6 to over 55. This growth in API usage is being driven primarily by fintech, telecom, multimedia and technology companies, with the most popular API calls being Account Balance Inquiries, Payment Status Reports, and Making Payments.”

“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 shopper demands globally.”

“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.”

“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 and clearing with 3D Secure 1.0 / 2.0. JCB Web API Service allows acquirers to connect to the JCB network in an easier and faster manner to accept transactions from more than 130 million JCB cardmembers.”

“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.”

“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.”

“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 environment for prospects where interested parties will be able to test the functionality of the Wirecard platform to plan and execute implementation.”

“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.”

“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, IBAN, amount and purpose. The customer receives a confirmation that the transfer has been completed within one minute.”

“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 UnionPay cardholders with more payment scenarios and services and enhancing their payment experience.”

“Shamir Karkal a co-founder of Simple and then head of open APIs at BBVA, is now launching a tool to help fintech developers with one of their greatest challenges — getting access to the payments system.”