Overview

Singleview Fund Transfer API allows you to make easy and instant payments to businesses and people.

With a simple integration with Singleview Fund Transfer API, Businesses get the convenience to pay out to their Partners/Vendors/Customers with complete control over the transactions and a system with the easiest reconciliation and settlement. Access local clearing methods globally, outwit the challenges of domestic and international payments, and simplifying the complex payment infrastructures.

Features

Singleview Fund Transfer API allows real-time disbursal and balance fetching facility enabling you to manage multiple mode payments effortlessly.

Accelerated payments speed with higher success rates allows you to effortlessly manage vendor payments, customer refunds, partners, and others through their desired mode and account type instantly.

• Instant Beneficiary activation
• Quick payments settlement
• Real-time balance view
• Marketplace payments & refunds
• Supports multiple currents enabling you to securely send payments around the world
• Take control of your outbound payment workflow
• Manage payment regulations across multiple markets and geographies
• Send and manage payments to vendor payouts, customer refunds, employee salaries, and more
• Highly reliable system and security-enhanced messaging platform
• Supports single and bulk payments
• Independent transaction processing and settlement
• Beneficiary ID-Based transfers
• Developer friendly APIs
• Easy reconciliation
• Straight through processing
• Immediate acknowledgment

Use cases

Singleview Fund Transfer API supports individual payments as well as bulk payments providing you with easy option to shoot a ton of payments withing few clicks. It provides you with the flexible option to integrate with your ERP and accounting software to automate the disbursement process.

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Singleview Fund Transfer API's Fund Transfer service is ideal for processing the following payments types:

🥉Payments to Third-Party Bank accounts

🔃Transfer funds between own accounts

💠Local Payments (SARIE)

🌍International Payments (SWIFT)

Fund Transfer API Service Validations

• Signature verification
• IPs Whitelisting
• Token Validation
• Valid/Active B2B company code
• Ensure a valid Debit Account number is captured
• Availability of sufficient fund in Debit account
• Back value date transaction will not be accepted
• Future value date payment should not exceed 14 days from the date of payment initiation
• Transactions amount should not exceed per transaction limit/per day limit
• No Duplicate transactions allowed (i.e.) Transaction will be rejected if the same sequence number has been used in the past (or) the payment initiated to the same beneficiary with same day, same amount and same value date

Account-to-Account Validations (With Bank)

• Must be a valid account (BBAN/IBAN)

SARIE Validations

• Beneficiary BIC code must be valid
• Beneficiary information should have a valid IBAN with its corresponding BIC ID
• Transactions received after cut-off will be processed on next business day
• Transactions received during holidays/weekends will be processed on next business day
• Any local payment (LP) should have a valid purpose of remittance information captured

International Transfers Validation

• Beneficiary BIC code must be valid
• Transactions received after cut-off should be processed on next business day
• Transactions received during holidays/weekends shall be processed on next business day
• Any overseas payment (TT) should have a valid purpose of remittance information captured
• IBAN mandated/listed countries should capture only “IBAN number” for processing the payments
• Any Non–IBAN mandated/listed countries should capture only “Account Number” with the local clearing code (whichever country is applicable) for processing the payments