Customized Bank Software?

[yarbrough40]

does anyone know if any banks offer webservice APIs which allow third party software to make transactions?

I am being asked by one of my clients to help integrate their bill paying system into their accounting system. I figure I could build a custom solution for this but I am not sure if banks today have any webservice type of a setup which allow third party software to send and receive transactions.

Does anyone have any insight on this? My google searching is coming up empty.

[Alex Papadimoulis]

Can you be more specific on the requirements?

There are commercial billpay services avaiable: submit an invoice number, mailing address, and dollar amount, and they debit your account and mail a check. Banks contract with these companies and integrate their online banking software so that they can provide customers with the service.

You could customize their accounting system to interface wtih billpay companies... or, at least provide a reporting interface so that the bookkeepers can quickly enter data.

There's also ACH ("direct deposit")... but that's less to do with bill pay, and more to do with sending money bank-to-bank.

[yarbrough40]

excellent tip!... interfacing with a third party. I didn't think of that. Thanks!
I have not received full requirements as of now. This is a small commercial real estate company. I understand that they are wanting to automate the paying of bills and the storage of receipts while at the same time plugging those numbers into their overall accounting