Cashplus Reveals B2B transaction API

Cashplus Reveals B2B transaction API
03.05.2017 11:30 am

Cashplus Reveals B2B transaction API

Transaction Banking

Cashplus announces today the launch of its transaction API. Initially this API will enable Cashplus’s accounting partners to support their clients in the SME sector where there is a huge demand for simple, online servicing. 

Whilst banks are still trying to define, commercialise and in many cases adopt the use of APIs, Cashplus is once again proving its 10 years’ of Fintech expertise by creating a development toolkit to enable efficient exchange of data.

From a technical perspective, the API is released via Cashplus.io. Their RESTful Web API services are grouped into vertical business domain areas, and delivered through a Swagger user interface. This allows Cashplus to not only publish transactional middleware operations, but also provide usage documentation which simplifies implementation and client side consumption.

Although compliant with the Open Banking initiative, Cashplus will initially provide this API to contracted partners of APS financial, the issuer behind the Cashplus Business Account.

Rich Wagner, CEO of APS financial, states “Our long-standing partners will be the first to fully benefit from the extensive transaction data held within our API. In addition to allowing more efficient reporting for their clients, these partners will work with us to further refine it for wider use. We’re really excited about this launch and can't wait to roll out our API to the wider developer market, including over 100 existing partners who have already expressed an interest .”

To handle the huge demand, APS financial has launched a registration process at Cashplus.io to capture partner interest for current and future Cashplus APIs. 

”This is only the beginning of our API roadmap of initiatives. Our strong technology delivery team will be launching other core APIs for the banking industry throughout 2017. It will be a great year for our partners and the SMEs we both serve”, declared Rich Wagner.

Related News

Sterling National Bank and Cashfac Announce Strategic Business Alliance for Launch of New Escrow Account Platform

Today, Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), the wholly-owned operating... Read more »

Paymentology works with Utility Warehouse to help customers reduce their bills

Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW... Read more »

BestX launches post-trade transaction cost analysis for equities

BestX, State Street’s foreign exchange and fixed income best execution analytics platform, announced today... Read more »

Publicis Sapient collaborates with Goldman Sachs to build their new transaction banking platform

Publicis Sapient, the digital business transformation hub of Publicis Groupe, is very excited to have agreed to a multi-year collaboration with Goldman... Read more »

Hello, Intruder

Start-up PSP targeting Generation Z streamers, bloggers and influencers

Intruder, a new payments services provider (PSP) targeting Generation Z... Read more »

Ezra launches to help power global aid through social and financial inclusion

An initiative created by chairman and founding member Allan Green, Ezra has a powerful vision: to partner with mobile operators, NGOs,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel