After beta testing for almost a year, the Facebook Credits API is finally being opened to all developers. Before beta testing the service had been in very limited alpha testing for over six months before that. On July 1st, more than two years after the social networking site started working on the system, all Facebook-based games that process payments will be required to use only Facebook Credits. The 350 applications granted early access already account for 70% of such transactions. Facebook credits can be purchased by users at a rate of $0.10 each (with an additional 10 free when buying 100) and redeemed by application developers for $0.07, leaving Facebook with the balance.
APS Financial, known innovator in the FinTech space, announced a new transaction API through its Cashplus entity. The API aims to streamline banking features specifically for the SME market. While the API is initially limited to existing APS partners, the API complies with open banking standards.
Google this week unveiled a first release of the Project Ara Module Developers Kit; Google is calling it an MDK rather than SDK. The kit is truly in an alpha state at version 0.10. Despite its far-from-finished status, Google wanted to offer developers a peek at what they'll be able to do with Project Ara.