If you’ve ever worked with a payments product development team, you may have heard the term SDK technology. SDK stands for software development kit. In simple terms, it is a set of tools, programs, and guidelines software developers can use to build an application that’s specific to a platform. You can think of SDK technology as an essential toolkit for developing secure software that enhances the user experience for your banking customers. In this blog post, I’d like to explore the advantages and benefits of using an SDK to develop software for your institution’s payments program.
The SDK Toolkit for Payments Applications
When you think of a toolkit, you probably imagine a hammer, screwdrivers, nails, and other tools you need to construct a project. An SDK is similar in that it is a digital toolkit for software developers. Instead of a hammer and nails, though, the SDK toolkit contains application programming interfaces (APIs), place IDs, libraries, and other tools that software developers need to build an application. APIs help facilitate the sharing of information between applications and platforms, but SDKs help developers build functionality and additional applications that can communicate directly with other platforms. SDK can help developers build a simple program or an entire payments platform for mobile and desktop users.
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