How Financial Software Companies are Monetizing APIs - Great article and overview
As e-commerce grows, ePayments and mobile payments become the norm around the world. Innovative companies understood that data feeds and financial software APIs can be monetized, and be used for example to process payments more efficiently. Industry leaders – as PayPal and Amazon, or rising stars as Stripe.com, AcceptEmail.com or Boku.com are mastering the use of financial APIs to their business advantage. First Things First – What is an API? APIs, or Application Programming Interfaces are specific “languages” that define how two separate software applications can talk to and understand each other. In more technical terms, APIs are a set of programming instructions and standards allowing data exchange.