The Latest News On The API Economy
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Facebook added a new feature to its Facebook Credits API that allows developers to download reports regarding payments in their Facebook applications. The payment reports are generated daily by Facebook. Up until now, developers had been receiving payment reports via email.
Without the dot, "cardio" is Rule #1 in Zombieland. With the dot, card.io is PayPal's latest acquisition: the startup formerly known as Lumber Labs, whose technology allows developers to integrate credit card payments into any iOS or Android app with no additional hardware.
With iZettle's new iOS API it is possible to include credit card payments in any IOS app. iZettle is a Swedish company known in locally as “Spotify for payments” and in the US as “the European Square”. Using their chip card reader and iOS app, small businesses and individuals can charge via VISA, Mastercard, American Express or Diners Club and the payment is finalized with the card holders signature written with the finger straight on the iOS screen. So far the payment service is available in Sweden, Norway, Denmark, Finland and is being tested in the UK. They just got a €25 million to roll out in more countries world wide.
From billion dollar companies to the neighborhood coffee shops, merchants of all sizes are seeking new ways to offer secure and affordable mobile payments systems that expand their ability to conduct business. The PayPal API got its start this way, first with online auctions, then with thousands of websites and individuals. It's now one of over 150 payment APIs, many of which exist outside of traditional finance.
Developers are definitely worth their weight in gold. The Royal Canadian Mint has introduced a digital currency called MintChip and has thrown open a Developer Challenge. The challenge wants developers to create digital payment solutions using the MintChip API and the best applications stand to win gold. Yes, you read that right, actual physical gold.
Some of the best experiences in my life are trips that I took with my closest friends. These memories could be even better if I had not been forced to wait so long to get paid back after fronting the hotel bill. Sometimes friends have different ideas on what is an acceptable timeline for recompense. Now, thanks to Splitable, we can all avoid setting ourselves up for a let down by leveling the playing field. Splitable is an easy-to-integrate payment solution that lets customers split the cost of products and services with their friends. The simple online interface provides a forum for discussing plans and then facilitates payment. The company offers the Splitable API that gives store owners the ability to allow their customers to split the cost of a product or service.
The most popular API in our directory, the Google Maps API, has been called anti-competitive in France because its basic version is free. A new app built on the AngelList API lets you slice and dice startups by location and market. Plus: genealogy programmers converge, Stripe adds webhooks and 11 new APIs.
Exchanging currency for items or services is such an old time tradition and yet there are so many ways it can be done. I’ve just taken a stroll through the payment systems neighborhood and I’ve felt inspiration from the innovators FaceCash & Dwolla, pride in my home state operator PowerPay, and murky suspicion toward JunglePay.
Payment is a critical piece of any application and new usage patterns have indicated that users are likely to do their purchase from a variety of devices and applications. It is important to create the right experience within the application so that the payment process is seamless to the user. Visa, one of the key players in the payment industry, has announced the launch of its developer program to consolidate all its offerings and push its new digital wallet service, V.me, that is slated to launch in early 2012. The V.me by Visa API is available to developers now for beta testing.
At TwilioCon in San Francisco today, Twilio is unveiling a new billing system for its API. This new in-app billing solution is called "Twilio Connect," and it provides a much simpler model for developers to implement customer billing when it comes to recurring charges for SMS and phone calls.
X.commerce is the new brand for the developer commerce tools that include the eBay API and PayPal API. The first conference under this new brand is coming in October to San Francisco. As a media partner, we have a promo code, as well as a little more information about how the company is looking to create a sum greater than its parts with the X.commerce platform.
Piryx offers a leg-up to groups with fundraising needs. Of course most groups that need money can’t afford to have slick websites and payment gateways. It’s a tough spot to be in since a little technical investment could go a long way toward gathering funds to meet the organization’s needs. Piryx has made that investment. It offers a social media-ready payment gateway specifically designed for non-profits, charities, and community groups. Now the Piryx API can be used by other web entities that want to support these causes.
The initial releases from credit card provider MasterCard look to be more than a toe-dip into APIs. With its MasterCard Payments API and two others, the company could be diving straight into the deep end. Though the services are still in beta, MasterCard appears to be taking very seriously its creation of a developer ecosystem.
After beta testing for almost a year, the Facebook Credits API is finally being opened to all developers. Before beta testing the service had been in very limited alpha testing for over six months before that. On July 1st, more than two years after the social networking site started working on the system, all Facebook-based games that process payments will be required to use only Facebook Credits. The 350 applications granted early access already account for 70% of such transactions. Facebook credits can be purchased by users at a rate of $0.10 each (with an additional 10 free when buying 100) and redeemed by application developers for $0.07, leaving Facebook with the balance.
Facebook developers--all one million of them--can now monetize their apps using PayPal. The new partnership between the companies was announced at PayPal X Innovate, the online payment service's conference. PayPal's new micropayments will be integrated into Facebook for its virtual currency.
Take Twitter, add its concepts as a platform to banking and you get BankSimple, the unlaunched startup that you will definitely want to keep your eye on. BankSimple is a new take on online banking created by Twitter's former API guy, Alex Payne. BankSimple is aiming to create a banking platform, much as Twitter became a messaging platform.
The U.S. Federal Government has been making a push to increase accessibility to data managed and maintained by various government agencies and departments. Recently Business.gov, the government's official web site for small businesses (sponsored by the U.S. Small Business Administration), has released an API that provides access to various types of data that will can benefit small businesses.
PayPal has officially released PayPal X, its next generation platform that includes a variety of APIs and other resources for developers. Primarily aimed at allowing developers to embed payment processing in a wider array of applications and environments, this is a major expansion of PayPal's APIs.
Developers now have an additional opportunity to contribute to their karma by developing socially conscious applications with the newly released Kiva API (our new Kiva API profile). Kiva, a person-to-person micro-lending site, announced the release of the RESTful API on its new developer blog earlier today. This is great news for the mashup community.