BancBox, payment services provider, has announced a new service and correlating API: BancBox Crowd. BancBox Crowd consists of the first independent escrow service for debt, equity, and revenue share crowdfunding portals. The service provides an online portal that eliminates the legacy escrow process (e.g. paperwork, waiting, etc.).
Active development on Google Wave, a collaboration tool that used features of email, chat and document sharing, has been shut down. Google announced that the chief reason for discontinuing Wave was the low user adoption. The platform will live on within other Google projects, as well as the many portions of Wave that have been open sourced.
A number of ad tech sources reported that Snapchat has engaged select ad partners for an advertising API development. Snapchat declined to comment, but many have anticipated an advertising API from Snapchat. While an ad API makes sense, Snapchat has an unfortunate history with API vulnerabilities.