Payment Run Plug-in enabled in EEA

We are delighted to announce that Weavr is enabling EEA customers to make use of the Embedded Payment Run Solution. Apart from the UK, Embedded Payment Run is now available for end-customers in the European Economic Area. End-customers residing in the EEA can now onboard, fund and make domestic payments in Euros on the SEPA bank transfer rails.

Effective:

• 01 July 2024 on Sandbox
• 09 July 2024 on Live

EEA countries supported

Weavr is now supporting buyers residing in the following countries:

Austria	Belgium	Cyprus	Denmark
Finland	France	Ireland	Italy
Estonia	Luxembourg	Latvia	Netherlands
Norway	Poland	Portugal	Slovakia
Slovenia	Spain	Sweden

note

The payment run plug-in will be enabled soon in Germany.

Retrieve Open Banking Institutions

To ensure that you can support your buyers to link an account and to fund a payment run we have created an endpoint that retrieves all the available institutions that use open banking.

We suggest that you enable your end-customers to verify that their current financial institutions are supported by Weavr before they onboard.

New API endpoints:

• Get Institutions

Account Information Service (AIS) Consent in the EEA

In the EEA, the Account Information Service (AIS) consents can be granted up to 180 days. This means that your users are required to extend their consent to continue using the associated Linked Account every 180 days.

Retrieve the linked account consent expiry and status

The Get Linked Accounts & Get a Linked Account endpoints have been updated to contain the consent information with the below fields:

• expiresAt
• expiresIn
• status

Note: If the consent, expired the:

• expiresAt will contain a value of '0'.
• expiresIn will contain the date in the past of the AIS consent expired.

You will also receive the AIS consent expiry and status (expiresAt, expiresIn & status) in the link account update event.

Extend the AIS consent

To extend the consent in EEA you need to provide the linkedAccountId parameter of the linked account in the AIS UI Component.

• Extending an AIS consent before the 180 days pass

  The consent can be initiated before 180 days elapse, this means that your user will be shown a consent renewal request screen for Weavr to continue accessing their bank account information. If the user clicks on 'I Consent' your user will be redirected to their Bank's portal to approve the consent request. In the Banking portal, the bank will ask them to authenticate and re-confirm the bank account to be shared.

• Extending an AIS consent after the 180 days pass

  Initiating the AIS consent after 180 days, can still be extended, however your user will be shown an expired consent screen. To renew the consent, your user will be redirected to their Bank's portal to approve the consent request. In the Banking portal, the bank will ask them to authenticate and re-confirm the bank account to be shared.

Buyer endpoints updated to accept 'EUR'

We have updated the buyer endpoints to accept the 'EUR' currency in the supportedCurrencies object:

• POST/buyers
• GET/buyers
• PATCH/buyers

Payment run endpoints updated to accept 'EUR'

We have updated the payment run API and events endpoints to accept the 'EUR' currency in the currencies object:

• POST/payment_runs
• GET/payment_runs
• GET/payment_runs/{payment_run_id}
• GET/payment_runs/{payment_run_id}/fund

Events endpoints update:

• Payment Run Update
• Payment Update

Linked account endpoints updated to accept 'EUR'

We have updated the linked account API and event endpoints to accept the 'EUR' currency in the currencies object:

• GET/linked_accounts
• GET/linked_accounts/{linked_account_id}
• POST/linked_accounts/{linked_account_id}/unlink

Updated Events endpoints

• Linked account update webhook

Embedder Portal settings

When you open a sandbox account, upon the registration form you are required to choose the jurisdiction you are residing in. If you select "EEA" (European Economic Area) then by default, the EUR currency will be selected.