The financial infrastructure API platform Fidel API has launched its Transaction Stream API, enabling developers to connect to real-time payment card data whilst building both corporate expense management platforms and consumer financial management applications.
Fidel API has partnered with Visa to build the Transaction Stream API on top of their Visa Offers Platform, whilst the duo plan to expand its solution capabilities together to bring it to new global markets.
The new Transaction Stream API reduces the time that teams would usually spend filing expense reports when building commercial solutions, by providing developers with real-time insights into spend visibility to HR and finance teams.
Developers building consumer applications for expense management can make more accurate decisions on a card purchase programmatically, triggering event-driven experiences such as personalised alerts and insights for consented cardholders the moment they transact.
“We are delighted to announce this expanded collaboration with Visa, which is a testament to the work we have done together over the last five years,” said Dev Subrata, Chief Executive Officer of Fidel API. “The launch of the Transaction Stream API is the first of many joint efforts that will deliver new value across the ecosystem: to our clients, issuers and individual cardholders. We look forward to leveraging Visa’s expertise and extensive global network as we continue to scale our products around the world.”
“Fidel API has been a long-term, trusted partner of Visa,” said Brian Cole, SVP and Head of North America Product, Visa. “Their tools are helping drive the future of fintech innovation and transforming existing payments processes, like expense management. We are excited to help expand their product offerings.”