• Prepaid

    In locale
  • Prepaid

    In locale

Payment Lifecycle

Payment Lifecycle Payment Lifecycle Published on 24th March, 2021 In most real-life cases, a payment request is triggered by a Push payment—when payer uses their card at merchant’s e-commerce site or POS terminal. Various parties like acquirer, issuer, and card network communicate with each other to process the request. The request moves to different stages as a result of this processing. Fusion uses states to track the progress of the request. ...

RBL KYC

KYC Methods: RBL Bank RBL KYC Published on 24th March, 2021 We have partnered with the RBL Bank (formerly, Ratnakar Bank) to provide the services to the fintechs. The RBL Bank enables the fintechs to complete the KYC of the account holder using either of the following methods- Minimal KYC AADHAAR XML KYC AADHAAR biometric KYC Details to verify Minimal KYC AADHAAR XML KYC AADHAAR Biometric KYC Contact number Y Y Y Officially Valid Document Y Only AADHAAR Only AADHAAR Biometric (fingerprint/IRIS scan) N N Y Minimal KYC Step 1: Details verification In minimal KYC, the fintech shall verify the contact number, generally done via one-time passwords(OTP), and the identification proof, i. ...

Simple Credit Line Management System

Create and Manage Credit Lines Let’s look at a use case of implementing a credit limit given to users by a Finetch. 1. Assign Credit Limit to Account Fintech uses Assign Credit Limit to Account API to assign limits to accounts based on their logic. Assume User A has INR 10,000. Input parameters ifiID: Required. Unique identifier of the IFI. accountID: Required. Unique identifier of the account. ...