Multi API v3.13.1
Inbound and Outbound 3rd Party UK Faster Payments
We are pleased to announce that the UK Faster Payments payment method now supports 3rd party inbound and outbound domestic transfersTransfer A transaction that moves funds between instruments managed by Weavr. The source and destination instruments of a transfer transaction must be owned by the same identity. Transfers can be scheduled for future execution and can be performed in bulk operations. for both CorporatesCorporates Business entities that can be onboarded as identities on Weavr. Corporate identities represent companies and require Know Your Business (KYB) verification. They can have multiple authorised users and issue cards to card assignees. and ConsumersConsumers Individual persons who can be onboarded as identities on Weavr. Consumer identities represent individual customers and require Know Your Customer (KYC) verification. For consumers, the card owner and card assignee are typically the same person..
For GBP managed accountsManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. connected to this service, you will receive a sort code and account number when upgrading the managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr.. These details can be used for domestic payments in GBP. The payment reference that was previously required to make deposits will not be required when using this sort code and account number.
Note: Managed accountsManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. may be marked as inactive for a short period of time after opening, whilst the account details are assigned. Once assigned a webhook notification will be sent to you confirming that the account is now active. You should only initiate the upgrade account request once the account is marked active. Find more details on how to upgrade managed accountsManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. in our guide.
If you would like to start using this payment method now, contact us via the Support Portal so that we can enable it for you.
In due course all GBP managed accountsManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. will be automatically upgraded.
Deposit Transactions - Additional Sender Information
When depositing funds using the new UK Faster Payments payment method, the senderIban, senderName and senderReference fields will be included as part of the managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. deposit transaction.
All three fields are available when retrieving a managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. statement, as part of the entry.additionalFields, and when you are notified of a managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. deposit via the webhook. They are also displayed as part of the managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. activity within the portal.
These fields will be added to SEPA and SWIFT deposits soon.
Affected APIs:
- GET /managed_accounts/{id}/statement
Affected Webhooks:
- POST /managed_accounts/deposits/watch
Consumer place of birth - New Optional Field
When onboarding a consumer identity you can optionally include the placeOfBirth field. If provided, this information is pre-filled for the user when they are submitting their information for KYCKYC Know Your Customer - the identity verification process for consumer identities. This process allows you to seamlessly and securely verify your user's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers..
If the user hasn’t completed KYCm, you can also update the field via the Update Consumer API endpoint.
Affected APIs:
- POST /consumersConsumers Individual persons who can be onboarded as identities on Weavr. Consumer identities represent individual customers and require Know Your Customer (KYC) verification. For consumers, the card owner and card assignee are typically the same person.
- PATCH /consumersConsumers Individual persons who can be onboarded as identities on Weavr. Consumer identities represent individual customers and require Know Your Customer (KYC) verification. For consumers, the card owner and card assignee are typically the same person.
Physical CardsPhysical Card A payment card that is printed or embedded in wearables and sent to customers directly. Physical cards are created by first creating a virtual card and then upgrading it to a physical card. They are sent in an inactive state and must be activated by the card assignee before first use. - New Optional second line for name on card
The name on card for physical cardsPhysical Card A payment card that is printed or embedded in wearables and sent to customers directly. Physical cards are created by first creating a virtual card and then upgrading it to a physical card. They are sent in an inactive state and must be activated by the card assignee before first use. now supports 2 lines. You can optionally specify a second line via the nameOnCardLine2 field when upgrading a virtual cardVirtual Card A payment card that is created instantly and can be used for e-commerce and online purchases. Virtual cards are issued through the Mastercard network and are automatically enrolled in the 3D Secure program for increased security and limited fraud risk. They can be created in prepaid or debit mode. to a physical cardPhysical Card A payment card that is printed or embedded in wearables and sent to customers directly. Physical cards are created by first creating a virtual card and then upgrading it to a physical card. They are sent in an inactive state and must be activated by the card assignee before first use.. When provided, the second line will also be printed on the physical cardPhysical Card A payment card that is printed or embedded in wearables and sent to customers directly. Physical cards are created by first creating a virtual card and then upgrading it to a physical card. They are sent in an inactive state and must be activated by the card assignee before first use. itself.
Affected APIs:
POST /managed_cards/\{id\}/physicalPOST /managed_cards/assign