Direct Payments API Clause Samples

The Direct Payments API clause establishes the terms under which parties may access and use an application programming interface (API) to facilitate direct payment transactions. Typically, this clause outlines the technical requirements, permitted uses, and any restrictions related to integrating with the API, such as security protocols or transaction limits. Its core function is to ensure that both parties understand the operational framework for processing payments directly through the API, thereby reducing ambiguity and streamlining financial interactions.