Issuing a Bundle In this article, you learn about how to Issue a Bundle to an Account Holder.
Issuing a Bundle for an Account Holder would lead to issuance of artifacts of all of its constituent Products. A successful Bundle issuance would mean successful issuance of all its constituent products.
Depending on the constituent Products of the Bundle, the following steps are executed:
Issue an Account for every Account Product present in the Bundle Issue a Resource for every Payment Product present in the Bundle Issue a Form-Factor for every Payment Product present in the Bundle Even if a single Product has to be issued, it will be issued via the construct of a Bundle Get Bundle Get Bundle details by bundleID API(/bundles/bundleID) can be used to retrieve all the details of a bundle with that particular bundleId that are available to the fintech for issuance.
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JWT Token Generation Apollo SDKs need to be authenticated to provide access to the SDK to a designated user on the tenant app. This is achieved by passing a signed JWT token to the SDK. The private key used to sign the token is owned by the tenant. The corresponding public key is then used by Zeta’s backend to verify the token.
Generation of the tenantAuthToken should be done server-side as it involves signing the data with a private key.
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Key Concepts Key Concepts Published on 24th March, 2021 Issuing Financial Institute Issuing Financial Institute (IFI) is an institution that has the authority to offer financial services like accounts, loans, wallets, payment processing, and many more. For example, State Bank of India, HDFC Bank, ICICI Bank, RBL Bank, IDFC Bank.
Fusion has partnered with leading IFIs like RBL and IDFC, and its open platform is backed by these IFIs.
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Know Your Customer Basics KYC Basics Published on 24th March, 2021 Know your customer (KYC) is a procedure laid down by the regulatory authorities of the respective country for the financial institutions to establish customer identity before entering into an arrangement with them to safeguard against any risk, fraud or threat. In the case of India, the regulatory authority is the Reserve Bank of India and all Indian financial institutions (regulated entities) shall comply with the RBI guidelines.
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Know Your Customer FAQs
What are the transaction limits for min KYC users?
For minimum KYC users,
Daily - Rs. 10000 permissible debit/credit limit
Monthly - Rs. 10000 permissible debit/credit limit
Yearly - Rs. 1.2 lakh permissible debit/credit limit
What are the transaction limits for Aadhaar OTP KYC User?
For Aadhar OTP KYC users,
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