Are Open APIs Really Revolutionizing Banking and Corporate Payments?
Bonita Springs, FL (May 4, 2018) – Corporate Spending Innovations (CSI), a leading provider of electronic corporate payment solutions, announced today that David Disque, President, CSI, has been selected as panelist at next week’s FinTech South conference. The panel topic, “How Open Banking & APIs are Revolutionizing Corporate Payments” will take place Tuesday, May 8, 2018 at 1:40 pm at the Mercedes-Benz Stadium in Atlanta, GA. Additional panelist include Jamie Hamilton, Director of Financial Technology Investment Banking at SunTrust; Matt Clark, President at Corcentric; Tim Mueller, EVP, Head of Treasury and Payment Solutions at SunTrust Bank; and Scot Yarbrough; Group Executive, Commercial Services at TSYS.
“Customer demand is dictating faster, more secure, and more flexible payments and banking options,” said David Disque, President, CSI. “We’re eager to engage in the dialogue that shows how Fintech’s, such as CSI, are exposing API’s and PCI compliant widgets to allow financial institutions to securely tap into the advanced technology that meets a higher-level of corporate demand.”
Every industry is battling for customers by leveraging their ability to provide a superior user experience. Banks are no different. Amid the emergence of digital banking applications that create more convenience and choices, corporate customers are also looking for advanced technology that drives fast and secure global payments.
“Banks and FinTechs are starting to realize that there are some solid advantages to working together and incorporating well-developed APIs,” said Disque. “It’s all about maximizing strengths and tailoring payments in a way that elevates the customer experience.”
A well-developed API can offer significant long-term advantages and flexibility when integrating systems. Open APIs can also be branded to a specific bank, overcoming concerns about the presence of a third-party.
For banks, open APIs enable a fully customized experience where cross-border commerce is more efficiently executed. As banks become more aware of the speed and cost-effectiveness that APIs offer, the use of traditional legacy systems is becoming less common.
“As data sharing inevitably increases, the importance of developing a global open banking standard with a set framework for security and consumer protection has never been clearer,” said Disque.
Since 1989, CSI has provided innovative payment solutions to world-leading brands while providing the highest level of customer service. The company’s highly secure payment products have earned multiple awards, including the 2015 CODiE Award for the software industry’s best financial management system. With one payment file upload, customers can automate 100% of their B2B payables and disburse global payments through virtual credit card, proprietary network, ACH, check, or FX with cross-border payments settled in local currency.
CSI payment solutions include CSI Paysystems, CSI Travel, CSI Go mobile application, CSI Invoice, CSI Connect API development, and global-fleet fuel cards. CSI’s innovative products reduce costs and increase profits in all areas of B2B payments, including accounts payable, business travel spending, and fuel purchases. CSI is a certified Mastercard processor and has obtained Visa Ready for Business Solutions approval. Learn more at www.corporatespending.com.