Imagine checking out at the grocery store once, and breaking that single transaction into multiple payments at scheduled intervals. Visa sites research that indicates this functionality is attractive to consumers and Visa is developing an API that will allow merchants to offer this option.
Balanced, online payments solutions provider, has launched a new API: Balanced Payouts. The new API allows developers to integrate next day ACH deposits into existing apps and web properties. The next day deposit functionality was previously available through Balanced's full marketplace payments platform; however, after considering customer feedback, the company decided to offer the functionality as a standalone product.