Nacha, the backbone for the electronic movement of money and data in the US, and its Payments Innovation Alliance (PIA), have named the first five APIs for their big payments push.
The API Standardization Industry Group, created in spring 2017 and sponsored by Nacha’s PIA, is working to further efforts to standardise the use of APIs in the US financial services industry by creating an “API Playbook” or standards framework. In support of that, during its most recent meeting, the group named the first five APIs – from a larger list of 16.
