Chase Bank Open Banking API
A FEW DETAILS ABOUT US
Delivering professional attention for Chase 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 Chase 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 Chase 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 Chase 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 Chase 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.
Chase Bank Open Banking at a Glance
The design of Open Financial Exchange is as a client and server system. An end-user uses a client application to communicate with a server at a financial institution. The form of communication is requests from the client to the server and responses from the server back to the client.
JPMorgan Chase and Intuit announced a partnership to share bank financial data easily and securely through APIs
As a first step, the two companies will introduce Open Authentication and will exchange data through the Open Financial Exchange (OFX) 2.2 API.
JPMorgan Chase customers can now avoid giving their banking user names and passwords since the technology will use an API token-based approach using OAuth to authorize Intuit apps to download the requested account information.
The Chase-Intuit agreement embodies five core attributes:
- Security: Customers will give explicit consent to share their data with Intuit. Once authorized, Chase will provide a secure token to Intuit to access customer data.
- Convenience: Chase customers will see their banking information safely populated into the Intuit applications quickly.
- Customer control: Customers will give explicit consent for Intuit applications to use specific account information, and will be able to turn on and off access for Intuit applications.
- Privacy: Chase and Intuit will strive to maintain industry best practices for data privacy and security.
- No data reselling: Consistent with its Data Stewardship Principles, Intuit won’t sell customer data to third parties.
Routing the data traffic through the secure API will provide information directly to the Intuit applications while freeing up server capacity on Chase’s website. That will improve the experience on both sites for the companies’ joint customers.
This new agreement aligns closely with the Center for Financial Services Innovation’s “Consumer Data Sharing Principles,” released in October 2016. These principles create a roadmap for secure collaboration between the financial services and technology industries to help consumers manage their financial lives and improve financial health.
As part of ongoing enhancements, the companies will introduce Open Authentication, and will exchange data through the Open Financial Exchange (OFX) 2.2 API.
Our in-house Bank Transfers experts are standing ready to help you make an informed decision to move your company's payment processing forward.
Chase Bank Open Banking
Consulting & Integration
Chase 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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