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Member question: “Does anyone use host-to-host or API for bank connectivity? We are exploring those solutions and would be great to have your input.”
Peer answer 1: “We use APIs for bank connectivity, from giving payment instruction to monitoring payment status to getting real-time balance and transaction details.”
Peer answer 2: “We do not use APIs for bank connectivity today. We use host-to-host and we are currently looking into SWIFT.”
Peer answer 3: “I asked my colleagues your question, and they told me the following:
- ‘We have a few host-to-host solutions, though I would recommend APIs if they are starting from scratch.’”