Faster, smoother, more-open payments systems are coming our way thanks to a little something called an API. That stands for application programming interface, which is what, exactly?
You can think of an API as an automated way to deliver data or processes from servers to clients outside the walls. The programming interface keeps everything automated -- which reduces friction, speeds transactions and makes new interactions and services possible as bank apps “talk” to other businesses.
Now that’s something everybody can understand — and appreciate.