Same Day ACH Experiences Significant Growth in the Second Quarter of 2021
In the second quarter of 2021, Same Day ACH payment volume was 148.7 million, an increase of 82% over the same time in 2020. Those payments transferred $250 billion, up 115% from a year earlier.
One Call Can Stop Your Organization from Being a Business Email Compromise Victim
It seems like the bad guys work night and day concocting new ways to separate people and businesses from their money. But when it comes to cybercrime, one scam tops the list: Business Email Compromise (BEC).
16 RESULTS
August 6, 2021
Adopting the new APIs will help corporate banking customers better access detailed financial data across banking platforms
March 18, 2021
Afinis Interoperability Standards membership organization, which focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally, welcomes two new member organizations: Credit Union Financial Exchange and Moov.
December 18, 2020
These days, most of what businesses and individuals do on the web involves interacting with APIs, or application programming interfaces, which are an essential pillar of many of the online services we have come to rely on.
In the payments and financial services industry, the interoperability of banking technology is just as important to stakeholders as checking out Beyoncé’s new Instagram post is to music fans. And the standardization of these more nuanced APIs is the key to interoperability.
October 26, 2020
This will be a working meeting utilizing agile program increment planning to determine the steps for the next Afinis sprints. Afinis is a membership-based governance organization that advances API standardization.
October 6, 2020
Afinis’ new Payee Profile API allows a company to obtain correct payment transaction details and remittance requirements to pay another company regardless of business provider network or financial institution.
September 24, 2020
As technological innovation continues to reshape the payments industry, APIs are becoming a prominent feature of the landscape. But as APIs become a facet in the payments industry, so does the need for API standardization and common practices. Such a framework is necessary for innovation and growth to continue at a quick pace.
July 13, 2020
Afinis brings diverse collaborators together to build and test solutions, develop implementable and portable standards, and provide thought leadership on the shared goals of advancing efficiency, surety and security, and interoperability for financial services.
March 18, 2020
Afinis announced today it has partnered with XMLdation to enable its stakeholders to leverage the Finland-based company’s testing capabilities within Afinis’ developer portal.
August 13, 2019
Published in PaymentsJournal on August 13, 2019
If you keep up with the payments industry, you’re bound to have heard about APIs. It seems like every day brings fresh articles covering the newest APIs in glowing terms. From improving digital banking to facilitating Same Day ACH payments, APIs are having a major impact on payments and the wider financial industry.
But what are APIs and how exactly are they changing the payment ecosystem?
APIs 101: a crash course on communication
August 2, 2019
Download the latest Meeting Summary Report for details.
July 23, 2019
Nacha is leading the industry effort on API standardization. To accomplish this objective, Nacha supports Afinis Interoperability Standards, a membership-based governance organization that brings together diverse collaborators to develop implementable, interoperable, and portable financial services standards.
June 29, 2019
Afinis Interoperability Standards members will meet July 9-10 in Atlanta for a Program Increment (PI) Planning Meeting to review the group’s latest work efforts and identify new initiatives and goals for the second half of 2019.