Prepaid
We have specific products for countries and we are growing fast across the globe
Fusion PrepaidFor India
Fusion CreditFor U.S
Prepaid
We have specific products for countries and we are growing fast across the globe
Fusion PrepaidFor India
Fusion CreditFor U.S
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 First Bank. Fusion has partnered with leading IFIs like RBL and IDFC First Bank, and its open platform is backed by these IFIs. ...
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. ...
Manage Accounts You can manage and retrieve Accounts or subsets of an Account like Resources, Account Product and Payment Product using the Bundle APIs. Get Accounts Call /bundles/bundleID endpoint to retrieve all the existing Accounts available for a bundle. The response returns an array of all available Bundles with a unique identifier, id , for each Bundle. Each of these Bundles contain the Account details within them. ...
Manage Application and Account Holder Manage Application and Account Holders Published on 20th August, 2021 Once an application is approved by the IFI, the Fusion system creates an account holder. This article walks through the different ways a fintech can manage an application and account holder using Fusion APIs. Duplicate Application Irrespective of the number of fintechs the customer is signing up with, as per the regulations, there will be only one account holder entity with the respective IFI. ...
Manage Cards Before you begin Before you explore Fusion’s card management APIs, we recommend that you familiarize yourself with various card related concepts mentioned in Card orders. study the following illustration for various card related terminologies used in the article: Reset PIN Use the /generatePin to reset PIN for a card. A randomly generated 4-digit PIN is sent to the delivery channel (phone, e-mail) provided in the request. ...