Create Policies Create Policies Published on 20th August, 2021 Fusion supports creation of complex policies to govern transactions based on various factors like velocity, volume, time and balance. Creating transaction policies involves the following steps:
Create transaction category
Create transaction policy
Get transaction policy
Replace transaction policy
Update transaction policy state
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Engagement Plan Application and Account Holder Published on 24th March, 2021 This article guides on Fusion’s engagement activities and strategies outlining the process involved in integrating Fusion APIs. Fintech uses the Fusion APIs to launch and manage their modern banking system. Zeta on-behalf of fintech takes care of issuing cards, authorizing transactions, and communicating with payment settlement entities. Fusion partnered issuing banks offer a co-branded prepaid account proposition for fintech and neo-banking companies.
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Fund Transfer FAQs
Can I disburse funds to the newly created user’s account?
Yes, you can use the A2A transfer API to transfer funds between different accounts in Fusion System.
Why is a transfer code needed for every fund transfer?
Each fund transfer mode (IMPS, NEFT, UPI) is defined by a unique identifier (transferCode aka voucher code). This code must be specified when you initiate a fund transfer.
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Fund Transfers Fund Transfers Published on 20th August, 2021 Familiarize yourself with payment types and beneficiary fund transfers in the payment ecosystem. In this article, you learn about:
Payment types
Beneficiaries
Beneficiary transfers
Card payment
Payment types Fusion provides the following types of payment to a Real Account Holder:
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Fund Accounts Account Transfers Published on 20th August, 2021 In this section we will understand how fund flow works for Pre Paid Instrument (PPI) accounts.
The fintech transfers funds from its current account to the Fintech’s current account of the sponsor IFI (eg RBL, IDFC) Zeta Ops verifies the fund transfer and increases the limit of the Fintech Funding A/c Account holder adds money to his PPI account Fintech Triggers an A2A transfer API to debit the VBO Funding account and credit the account holder’s account Depending upon the sponsor bank for the PPI program, the fund flow may have variations.
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