For decades client information related to bank accounts was kept confidential to third parties. It was hard for third parties to get this information in a trusted and verified way. This article looks at the main types of data accessible via banking APIs and their current and potential use cases.
Mobile commerce is a huge business opportunity because, at least in the United States, there is not much infrastructure to support it. That's why mobile platform company Appcelerator recently announced its integration with the PayPal API. Now iPhone, Android and iPad developers using the paid version of the company's Titanium framework also get the ability to conduct mobile commerce.