Of all the markets being impacted by the booming API economy, perhaps none has seen as much activity and innovation as the payments space. The past several years have seen the launch of a number of disruptive and successful API-centric upstarts, including Stripe and Balanced. Meanwhile, entrenched players like PayPal and Verifone have responded with new offerings of their own.
Mode, a digital banking app, is launching its first open banking feature. The feature allows users to connect external banking accounts with the Mode app, specifically enabling quick top ups. The feature is made possible through its partnership with Modulr. Top ups are now available in a few taps.
Verifone, a payments and commerce solutions provider, has announced that the company is leading an effort to define and implement the Conexxus Mobile Standard, a new Mobile API standard that aims to coordinate interactions between mobile payment and loyalty program applications.
