Today, Bank of America announced the expansion of the CashPro Payment API, giving customers access to more than 350 different payment types and bundle payments.

Due to their capacity to deliver real-time data, cut costs, and boost operational efficiencies, Application Programming Interfaces (APIs) are continuing to alter business-to-business (B2B) and business-to-consumer (B2C) transactions.
“The ability of APIs to provide 24/7 processing is a key characteristic. With our Payment API, 20% of the volume gets processed over the weekend, and we can see that in action. According to Tom Durkin, worldwide product head for CashPro Platform in Global Transaction Services (GTS) at Bank of America, the improved API will allow customers even more options to process payments in several jurisdictions and countries at any time of the day. The project is a component of our multi-year digital strategy to facilitate and safeguard business.

Source: Prnewswire