Mobile Payments is expected to be one of the key areas that is likely to see various start-ups compete with established players. We recently covered how Stripe, is a developer friendly way to integrate payments into your applications with less fees as compared to Paypal. Another startup, New York-based Zipmark aims to be your digital checkbook via which you can send and receive money.
Royal Bank of Canada has launched a developer portal and set of APIs. The APIs can be used by eligible businesses and developers to add select RBC banking and services information to applications. Among the APIs are the Branch Locator API, Minimum Down Payment API, and the Amortization Schedule API.
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.