Dwolla, highly innovative payment network, celebrates its second anniversary by hosting a hackathon in its birthplace: Des Moines, Iowa. To complement the unusual choice of geography for a hackathon, Dwolla chose a name to fit the occasion: Old MacDonald Hackathon. Dwolla and co-host, Silicon Prairie News, aim for 50 developers to enjoy the scene and conjure up some disruptive applications utilizing Dwolla's APIs.
Monzo released an interim API to comply with the Payment Services Directive (now officially law). While the company plans on adding all functionality of its interim API to its standard developer API, the interim API will ensure immediate compliance for companies managing account information.
Finicity recently announced the release of its new ACH Account Verification API. The service enables payment and investment app developers to verify account details required to initiate inbound ACH account transfers.