LevelUp releases API, announces $1 million milestone. LevelUp, the pay phone app from Cambridge, Mass. -based SCVNGR, announced it has hit a new milestone. The company said its 100,000 users now spend more than $1 million per month at local businesses in the eight cities it currently serves. The company said the each user uses the app on average 2-3 times per week to pay at nearly 1,400 merchants in Boston, New York City, Philadelphia, Atlanta, Seattle, San Francisco, San Diego and Chicago.
The self-styled "Chief Ninja" at LevelUp, Seth Priebatsch, said the company is "ridiculously excited" to have reached $1 million per month in transactions in only six months. He said that number is doubling every five to six days. On top of announcing its new milestone, LevelUp also announced it has launched a new API that will let developers integrate its payment functionality into other solutions. Launched in 2011, LevelUp's mobile app is linked to a credit or debit card.
For more on this topic, visit the POS research center. Billeo opens API to card issuers. Today Billeo, Inc., the creator of apps that help consumers save time and money while shopping or paying bills online, announced its Active eWallet API™, a tool that allows card issuers to add their cards as a payment option in Billeo's Active Context™ platform. By adding a credit, debit, prepaid or gift card to Billeo's platform, the issuer is instantly connected to the more than 1.5 million consumers who use Billeo's free iPad and browser apps to shop or pay bills online.
Once a credit, debit, prepaid or gift card issuer uses the API, the issuer's card appears as an option in Billeo's iPad and browser apps (ShopSmart, Offer Assistant and Bill Pay Assistant) allowing cardholders using any of Billeo's free apps to easily add the card into their eWallet and use it while shopping or paying bills online. Card issuers can also integrate Billeo's Active eWallet API™ into their own apps and services to create a rich and engaging branded experience.
On Deck Launches API Giving Direct Access to Leading Small Business Lending... -- NEW YORK, Jan. 10, 2012. NEW YORK, Jan. 10, 2012 /PRNewswire/ -- On Deck the technology platform that connects Main Street directly to capital, announced today the availability of their Application Programming Interface (API) Version 1.0. This gives banks, online service providers to small businesses, and the over 800 On Deck Funding Advisor partners integrated access to the On Deck platform, which includes their powerful credit decision and application submission system.
Through the API, these third parties can now incorporate On Deck's loan origination and credit scoring functionality into their own software applications, bringing increased efficiency to the small business lending process without adding additional steps to the workflow or user experience. The initial version of the On Deck API supports two primary functions: credit pre-qualifications and application submission. On Deck's API is built according to industry practices for third-party web services. About On Deck SOURCE On Deck. Fiduceo. Open Bank Project.