Capital One has added another API to its DevExchange portfolio of banking APIs. This one is called the Merchant Insights API and it applies machine learning to transaction data in order to unearth interesting insights about a business such as the hours that it is open during each day of the week.
Buyvite Group Pay, a social payment platform allowing multiple people to contribute to a single payment transaction, has announced the launch of the Private Label Group Payment API which allows social payment and cost splitting functionality to be added to e-commerce websites and applications.
Intuit, maker of popular finance tools (i.e. Quicken, Quickbooks, FinanceWorks, FinanceWorks), announced the upcoming release of an open API and challenged the developer world: "Wanted! The Next Killer Finance App." Intuit President and CEO, Brad Smith, commented: "We're committed to unleashing the power of many to continue creating innovative solutions that improve people's financial lives." In a nutshell, the API will deliver the financial transaction data from thousands of financial institutions in a categorized format.