The PayChannel API makes it possible to incorporate its credit card processing gateway into your software platform. Public information on the API is not available, though it does provide 8 payment features.
While some folks tend to think about APIs are being little bits of arcane code that only developers care about it, the truth of the matter is that billions, possibly even trillions, of dollars are at stake in what will soon be a series of API wars. In no place is this more important than in mobile banking, where companies ranging from Google, the PayPal unit of eBay and lesser known entities such as MineralTree are all vying to usurp the role of traditional financial institutions.
In Part 2 of this 3 part series on the evolution of the API platform space, I spoke with Promod Haque of Norwest Venture Partners. His firm participated in Apigee’s recent $35 million round of funding, a company that makes an API platform. Some questions overlap between the interviews because I wanted to illuminate the similarities and differences in perspectives between an enterprise and an investor. Part 1 was Interview with Chet Kapoor, CEO of Apigee, on $35 Million Funding Round.