Capital One Bank Open Banking API
A FEW DETAILS ABOUT US
Delivering professional attention for Capital One Bank business merchants.
As a team of programmers, accountants and payment professionals, we've discovered that most business merchants have little access to data tools and services that "big merchants" have. Our team has launched its platform to deliver new services, including Same-Day Payments & Deposits with Real-Time reporting and will continue our introduction of FinTech services into the future.
Let us help you integrate with Capital One Bank Open Banking API
Secure Open Financial Exchange provides a framework for building secure online financial services. In Open Financial Exchange, security encompasses authentication of the parties involved, as well as secrecy and integrity of the information being exchanged.
Robust Open Financial Exchange is used for executing important financial transactions and for communicating important financial information.
Broad Range of Financial Activities for Capital One Bank customers – Today Payments provides support for a broad range of financial activities. Using Open Financial Exchange 2.2 and other APIs, we can provide the following services:
- ~ Bank statement download
~ Credit card statement download
~ Funds transfers including recurring transfers
~ Loan statement download
~ Consumer payments, including recurring payments
~ Business payments, including recurring payments
~ Brokerage and mutual fund statement download
~ Bill presentment and payment
~ Tax form download, including 1095, 1098, 1099, and W2
~ Image download for banking, credit cards, investments and loans
~ Automatic 1-Way OFX
~ Instant Payment Services
~ Real-Time Payments
~ Open Banking
Domestic & International (Cross-Border)Broad Range of Financial Institutions can communicate with Capital One Bank customers – With Open Financial Exchange and other FinTech APIs, Today Payments supports communication with a broad range of financial institutions (FIs), including:
With our Capital One Bank Bank Transfers credit payment processing, financial transactions between you and your customers are instantly verifiable, hassle-free and secure. Reporting is streamlined, instantaneous and user-friendly.
Capital One Bank Open Banking at a Glance
Capital One’s Three Open Bank APIs
To kick start DevExchange, Capital One has release three new open APIs:
- SwiftID API: a two-factor authentication service that lets Capital One customers manage access to third-party services in a secure manner.
- Rewards API: returns Capital One customer rewards information including miles, points balance and cash rewards
- Credit Offers API: an API where users can submit some basic information about their financial state and in return receive pre-qualification for specific offers to Capital One services, such as their credit cards.
The new APIs lend themselves to a variety of use cases.
SwiftID could be used to provide a more secure authentication process. Anwar gives the example of a car garage being able to supply a quote for repair and the customer validating authorization to carry out the works via SwiftID, or to add a layer of security to a Dropbox photo folder, where users with shared permission must also use SwiftID before they can access contents.
For now, Rewards could be used as part of a financial planning and money management type service, where devs could create products that help users set goals, although in future, it is envisaged that the Rewards API could be used by retailers and service providers to let customers pay directly from their Rewards balance.
The Credit Offers API could be used, for example, by travel or training services that could integrate the API so that their end users purchasing a holiday or a training course could check to see if they could make the purchase through a pre-qualified credit card or loan from Capital One.
While developers can sign up and begin using the APIs immediately, applications being built using the APIs will need to be approved by Capital One in an app-store like process.
Our in-house Bank Transfers experts are standing ready to help you make an informed decision to move your company's payment processing forward.
Capital One Bank Open Banking
Consulting & Integration
Capital One Bank Transfers Pricing
Remember, we offer several products that work with your Credit Card, ACH, Payment Order, Wires or Electronic Check Processing system. Whether you process dozens of transactions a day or hundreds, we have the right payment processing software for you! Give us a call or complete the information request form above.
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