July 29, 2020
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This article is part of a 10-part series about interesting APIs that were added to our directory during 2016. Finance and Banking APIs are covered in this segment. The APIs were chosen by our researchers, by popularity according to website traffic, and by mentions on social media.
OFX, a foreign currency exchange company, last week announced that its OFX Developers program has exited beta and is now open to all developers. OFX Developers offers a Payments API that gives developers 24/7 access to the global currency markets at rates more competitive than banks'.
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.