Crezco vs TrueLayer Data API

Crezco provides an API and financial products that let platforms embed payments for small and medium-sized businesses. Its bill payment service supports real-time and scheduled bank transfers, card payments, domestic and international suppliers, and single or bulk payments. Platforms can embed payables while retaining control of the user experience and payment fees. Crezco also describes real-time international payouts to more than 180 countries in more than 36 currencies. Listed accounting integrations include Xero, QuickBooks, Quickfile, Sage, SIF Health, MazApp, Duport and Haibooks. Outstanding bills imported from Xero can go back up to the previous 365 days. The service is available through web and API, with payment webhooks and instant settlement; bank authentication uses a redirect. Plans include Collect Plus at £10/ month, Send Plus at £20/ month and Premium at £27/ month. There is no free plan. Crezco lists a 30-day trial, and says Send Plus and Premium subscribers get a one-month free trial.

TrueLayer Data API gives applications access to identity, account, transaction and balance data for integrated banks through a single interface. Account details may include the holder’s name, account number and IBAN; card data may include the network, last four digits and name on card, with balances and transactions available at card level. Listed uses include account verification and aggregation, affordability checks, rewards and insights, and money management. TrueLayer offers a customizable user journey or a custom authentication flow for regulated customers. Non-regulated customers and agents of TrueLayer customers must use the customizable flow. Documentation lists client libraries for Node.js, Python, Java and .NET, as well as web and mobile SDKs and hosted payment-page options. The free Sandbox plan uses mock data and has no production access. Production pricing is based on volume and use case; access requires a registered business or commercial entity, a signed commercial agreement and KYB/KYC. TrueLayer requires HTTPS and says data is encrypted at rest and in transit. Identical API requests are cached for one hour, and persistently unreasonable request volumes may be throttled or blocked. The company is headquartered in London and was founded in 2016.