Fork me on GitHub

Payment APIs

Some of the earliest providers of web APIs were payment providers like Paypal and Authorize.net, but a new way of Payment APIs like Stripe and Braintree have emerged, making it easier for developers to accept payments within web and mobile apps.

Along with cloud computing and geo resources, I think that payment APIs are playing in critical role in the overall API economy. It is my goal to understand if this is true, and who the key players are in the payment API space, and what tools and services they are serving up to developers.

In addition to providing easier access to credit card payments and merchant accounts, this new wave of payment APIs are pushing the boundaries of what is currency, what are transactions, and what the lifeblood of the API economy will look like in the future.

It is my opinion that the payment API space will innovate, and lead developers into new territories of app monetization, eventually moving us beyond an online business culture currently obsessed with advertising.

The payment API space has industry leading approaches such as from Stripe, pioneers like Paypal, and new payment innovators like Dwolla and Square. Sicne this is where the money is at, and is such a hotbed of innovation, I want to keep a closer eye on it.

This research site is dedicated to me better understanding the payment API space and will contain all the news, analysis, building blocks, companies and tools I find through my research.


Updates

Twitter and Stripe reportedly team up for in-tweet purchases

(Posted on )

Twitter has already dropped hints that payments will be available via tweets.According to Recode, the backbone of those payments will be handled by Stripe.According to Recode’s sources, the two companies have finally come to an agreement after speculation emerged back in January concerning the two companies working together.Stripe has been making waves in the commerce space and it looks like it’s Twitter’s only commerce partner so far. ...read more.



Coin, The Credit-Card-Of-The-Future Project, Hit A Big Snag

(Posted on )

Coin is the much-hyped (and very successful) crowdfunded project that aims to change everything about how you pay for things.You might think of it as one credit card to rule them all — it digitally stores multiple credit numbers on one device, which you can swipe as though it were a standard card.But theres still quite a ways to go before the miracle card becomes a casual, everyday, no-big-deal reality, reports The Verge.For now, the device only works at 85% of credit card terminals.Coin was originally supposed to launch by the end of this year. ...read more.



Has Amazon already won the mobile payments game?

(Posted on )

Small businesses and mom and pop shops have always gotten the short end of the stick when it comes to credit card payments.Already on thin margins, they are forced by the credit card companies to fork over a percentage of each card swipe and follow a dizzying fee schedule that can easily add up to a significant amount taken out of their bottom line.Then along came e-commerce payment companies that promised to simplify credit card processing for even the smallest businesses and bring them into the digital age.Square paved the way along with a number of other start-ups as well......read more.



Fed Looks Overseas for the Future of Payments

(Posted on )

The payments infrastructure in the United States is painfully out of date — and painfully slow.Newly updated payments systems in other countries are helping the Fed figure out a strategy.Sean Rodriguez, senior vice president of payment industry relations at the Federal Reserve Bank of Chicago, told Bank Innovation that the challenges with the U.S.payments infrastructure may be unique, but that there is still much to be learned from what other countries have accomplished. ...read more.



Fed Gives Details of Faster Payments Roadmap, Due This Fall

(Posted on )

The Federal Reserve has been working aggressively to upgrade the U.S.payments system, and will release its roadmap this fall, Bank Innovation has learned.Bank Innovation reported last week that a recently-published summary of a Federal Reserve Financial Services (FRFS) payments roundtable determined that the best method of changing the U.S. ...read more.