Swift to let merchants offer instant bank loans to online shoppers

Swift publishes new ‘Pay Later’ API standard — Swift — “By selecting Pay Later at the point of purchase, customers are provided with available loans from their banks; they can then select and initiate a loan, knowing that the funds can immediately be credited to the merchants and items dispatched. By offering the Pay Later option, merchants are in turn able to offer a wider variety of purchase options and to reach a wider consumer audience, whilst still ensuring surety of payment.”


UnionPay offers access to payments APIs

UnionPay International gives global developers access to its APIs — UnionPay International — “UnionPay International is providing three types of services via UPI Developer: First, offer open access to its major APIs. Developers now have access to the APIs of 18 of UnionPay’s most popular payment and data services, including QR code payment and Token. Second, offer a combination of multiple APIs to provide partners with one-stop payment solutions, assisting them in both product developing and commercial application. Third, offer diverse technical support services, including technical documentation, technical guidance and product testing and certification.”





Stripe unveils DIY mobile and physical card issuing platform

An API for creating cards and new business models — Stripe — “Stripe Issuing is an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards… Stripe Issuing is certified directly with all major card networks as an issuing processor, which ensures reliability and rapid feature releases. It includes support for Apple Pay and Google Pay, allows programmatic dispute handling, and provides real-time authorization hooks.”





Challenger banks add location-based payments to mobile apps

UK banks are trying out location-based P2P payments — Tearsheet — “On Friday, Revolut introduced a feature called ‘Near Me’ which lets its customers find other Revolut customers using the same feature and send them money without knowing their contact details. On Monday, Monzo rolled out a capability called ‘Nearby Friends’… When the user opens Nearby Friends, Monzo generates a token representing the user through its API, which is then sent to Google Nearby through Bluetooth on the user’s device to ‘broadcast’ it to other Monzo apps within a 90-foot radius.”


Google Pay adds support for NFC tickets and boarding passes

Google Pay gains support for event tickets and boarding passes — VentureBeat — “Companies that integrate with Google Pay’s API — such as Ticketmaster — can enable their customers to save tickets directly to their phone by hitting the ‘Save to phone’ button after the checkout… Instead of having to open the Google Pay app or scan QR codes, fans will be able to simply hold their phone up to an NFC reader at the check-in to gain admission.”



GlobalPlatform adds biometric security APIs

GlobalPlatform secures biometric authentication and enriches trusted user interaction — GlobalPlatform — “These new APIs enable trusted applications to leverage the device’s biometric sensors, while staying fully isolated from the device OS… Service providers and application developers now have a direct path to provide users with a richer and safer authentication experience and, importantly, to offer trusted biometric authentication that is secured in the hardware of the device’s Trusted Execution Environment (TEE).”


Android P to include support for GlobalPlatform Open Mobile API

Previewing Android P — Google — “Android P adds an implementation of the GlobalPlatform Open Mobile API [OMAPI] to Android. On supported devices, apps can use the OMAPI API to access secure elements (SE) to enable smart card payments and other secure services. A hardware abstraction layer (HAL) provides the underlying API for enumerating a variety of secure elements (eSE, UICC, and others) available.”



Australian transit authority uses open APIs to expand ticketing network to private operators

Transport for New South Wales opens up its Opal payments system to privately-operated transport services — Open Gov Asia — “Open APIs allow other companies using their own terminals and equipment to connect to the Opal payments system. This allows them to simplify their operations, reduce operating costs and provide a quick and convenient way for commuters to pay for travel across a range of transportation modes.”


UK banks to begin rollout of world’s first standardised open banking system

UK’s Open Banking to launch on 13 January 2018 — Open Banking — “The UK is the first nation to implement a standardised open banking solution. In the UK we are creating a single technology standard enabling new services to be easily built and offered to consumers and small businesses… The first set of Open Banking APIs will go live to third party providers on 13 January.”


Starling Bank integrates third party rewards into open banking platform

Starling and Yoyo Wallet: Enabling loyalty with open banking — Starling Bank — “With any other bank, in order to collect loyalty points you would have to manually pay using the Yoyo app using a QR code scanner. However we have created an experience together with Yoyo, using our APIs, which means you don’t need to use any separate apps to pay. You just need to securely connect your Yoyo account to your Starling account from the Yoyo app and allow Yoyo to view your Starling account transactions. You will then be able to collect loyalty points whenever you use your Starling card, Apple Pay or Fitbit Pay at a merchant partner.”


ABN Amro includes access to Tikkie payments in new developer APIs

ABN Amro launches its developer portal — ABN Amro — “Besides providing APIs that allow commercial clients easy access to their checking accounts, the bank also offers use of building blocks for sending Tikkie payment requests and sending bulk payment orders. This is also part of ABN Amro’s preparations for the European Payment Services Directive 2 (PSD2) laws, which – starting in 2018 – will allow regulated third parties to access the checking accounts of clients that have granted permission.”


DBS launches developer platform that gives access to 155 banking APIs

Reimagining banking, DBS launches world’s largest banking API developer platform — DBS Bank — “With 155 APIs at launch for Singapore across more than 20 categories such as funds transfers, rewards, PayLah! and real-time payments, the platform will offer the world’s largest number of, and most relevant, banking APIs… More than 50 companies including household names such as AIG, McDonald’s, MSIG, PropertyGuru, as well as start-ups like Activpass, FoodPanda, Homage, and soCash have already hopped onto the platform.”


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