Top Tips to Leverage Processing APIs to Boost Profits

As, the 2017 budget season approaches, payment solution providers look for ways to increase revenues AND profits.  Due to the propagation of Application Programming Interfaces (APIs), a set of routines, protocols, and tools for building software applications, developers may quickly and easily add new functionality to a site or app without having to craft it from scratch. The use of APIs changes the time-to-market from months to weeks or even days. Payment solution providers are increasingly faced with the need to provide a seamless user experience in order to succeed. One way to achieve this is via APIs that help integrate the in-store experience with Web and apps.

APIs are provided for different parts of the organization, for example, at CoreCard, the break out looks like this: IVR (10% services), Self-Service (15% services), Expense Card (15% services), Mobile (10% services), Administration Portal (50%).

Here are a few areas that can quickly and easily be addressed with the right APIs available from your prepaid software platform.

  • Card Details and Updates – functionality provides:
    • Returns Accounts detail, Balances, Payment info
    • Last statement loyalty points and current loyalty points in the response
  • Account Details and Updates
    • Capable of modifying most information of the account including billingcycle, creditlimit etc .
    • Self-service including brief account info card activation, card update, etc.
  • Loyalty
    • Capable of self-service for most queries including Loyalty redemption, loyalty points, etc.

There are hundreds of APIs associated with payment platforms. For more information on CoreCard’s APIs, please call 770-564-8000