A Payment Gateway API is a powerful tool that allows your online platform to communicate with the payment processor securely and seamlessly. It acts as a bridge between your website or application and the financial institution, facilitating real-time transaction processing.
The ACH stands for automatic clearing house, and it is a method used to complete bank-to-bank transactions. It’s been around since the seventies in the U.S., and using the ACH network can be quite beneficial.
The idea of open banking was introduced in 2008, but the process wasn’t explored until later. But what are open banking API services? The primary goal of open banking is to allow the sharing of financial data between banks and third parties.
Have you ever heard of open banking? What is it and how will it affect the future of finances? The idea behind open API for banking is quite interesting, and it opens a whole new world of possibilities. However, many people are not aware of its true potential.