November 18, 2019
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TrueLayer has launched an API that allows developers to connect apps with customer account data from banks and credit cards across the UK. TrueLayer developed the API with the intent to create a platform where data is synced across apps and any integrated app can send payments or make purchases.
Paidpiper, mobile payments processing provider, offers its unique mobile payments platform via the Paidpiper API. Instead of relying on network security to ensure reliability and compliance, Paidpiper's unique approach secures the smartphone making the transaction to prevent malfeasance and fraud. By securing the smartphone itself, no need for additional POS hardware becomes necessary.
BBVA launched a Banking as a Service platform in Europe before regulations all but compelled such platforms. It is ahead of the curve in the US as well. The company has moved the BBVA Open Platform out of beta, and ready for production environments for uses in the US. The platform is API-based.