Regarding the API we have a vendor that helps with Tech Support. We will work with the bank directly to develop our back end. Does the licensed financial institution provide an API?
The licensed financial institution does indeed provide an API stack that you would be working and integrating with. In most cases, your billing will start the moment your API goes live. Some institutions have a sandbox environment that allows for ‘most’ of the development to happen without going live and some do not have a sandbox environment at all. It all depends on one solution provider to another.