Are All API For UCC Alike?February 22, 2019 UCC, Due Diligence, Reduce Financial Risk
In a word, no.
The emergence of API for UCC with its increased efficiency and enhanced compliance capability has already occurred and the implementation is spreading. UCC data and portfolio management providers have moved quickly to develop API for UCC and it is now another technology driven differentiator added to their UCC due diligence packages.
Much like how UCC portfolio managers and search engines vary in effectiveness and efficiency, so too do API for UCC.
REST vs. SOAP
Keeping the conversation in layman’s terms, SOAP (Simple Object Access Protocol) had been the prevalent web service interface approach for some time, but REST (Representational State Transfer) has changed that and now represents the vast percentage of public APIs. A couple of reasons this change has happened are:
-REST is easy to understand, write and document so developers like it
-REST maximizes bandwidth and is easily scalable.
REST + JSON
These JSON RESTful features have made their way to API for UCC, and only JSON RESTful API for UCC has them.
So are all API for UCC alike? No.
- UCC Search
- Business Search
- UCC Filing
- Monitoring of Debtors
- UCC/Lien activity and Business Entity changes
- Monitoring activity in US District Court, State Court, Bankruptcy Court records