Why APIs are the foundation for payments success
- 9월 06, 2017
- by
Why APIs are the foundation for payments success
Application Programming Interfaces (APIs) are one of the key building blocks in this transformation, and in particular REST (Representational State Transfer) APIs. REST APIs are the power behind very successful business such as Facebook, Amazon and Google, and have helped create value for countless other businesses and brands.
Powering e-commerce and mobile applications
Mobile communication will increasingly be a feature of payments, so e-commerce-enabled business must integrate with REST APIs and mobile software developer kits. Combining REST APIs with webhooks (event notifications) can improve overall information and communication flow, as messages are sent to a registered recipient whenever something occurs in the merchant account. Declines, approvals, notices: all become real-time and actionable information. This helps to limit fraud and improve fulfilment, customer analysis and general operational efficiency.
Building digital payments with Paysafe
Merchants of all sizes must embrace digital payments to stay relevant. Today, that means migrating away from SOAP/XML systems and adopting REST architecture. Do talk with your payment processor about integrations and time scales so that together you can have a smooth transition. If your processor is not able to give you a REST API or if you are thinking about integrating payments into your business, contact Paysafe and learn how we can support you with our REST-based APIs, software developer kits and related tools and resources.
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