Hi,
We need to use FFDC api for following purposes
1. Transfer of money belonging to same corporate across different account/sister entity
2. Transfer of moeny from corporate to external (bank,another corporate)
3. Transfer of money belonging to same bank across different account/sister bank
4. Bank to bank transfers.
Can you please advise us which API we can use.
For corporate cases 1and 2 can we refer API's under corporate banking.
For cases 3 and 4 which category we can refer?
Hello,
we have contacted our specialists. They will come back to You on this topic shortly with the answer to Your question.
Hello,
I have also received some answers for Your questions:
1. Transfer of money belonging to same corporate across different account/sister entity:
Please use Payments Initiation API under Corporate Banking
Endpoint: Internal Funds Transfer for the corporate
Here, the accounts of the sister entity has to be added as a beneficiary and has to be within the same bank.
If the accounts of the sister entity belong to a different bank in the same geography, then Domestic Funds Transfer endpoint within the same API needs to be used.
2. Transfer of money from corporate to external (bank, another corporate) -
Please use Payments Initiation API under Corporate Banking
Endpoint: Third Party Funds Transfer if another corporate within the same bank
Endpoint: Domestic Funds Transfer if another corporate or own accounts to a different bank in the same geography
3. Transfer of money belonging to same bank across different account/sister bank
If the accounts are within same bank, Internal Funds Transfer needs to be used.
If the accounts are within different sister banks in same geography, then Domestic fund transfer needs to be used.
4. Bank to bank transfers.
Currently these are not supported using the Fusion Corporate Channels API.
I hope it is clear. If You have any further questions don't hesitate to ask them on the portal.
Hi all,
I have modified the first comment.
1. Transfer of money belonging to same corporate across different account/sister entity-
Currently we have not enabled the feature of multi entity for corporate. Hence, at present, each corporate/entity is treated as a separate corporate.
So, the transfers from one entity to another of the same corporate will be treated as Third party if within the same bank or domestic if he accounts are held with different banks.
If the accounts are within the same entity, then internal funds transfer needs to be used.
2. Transfer of money from corporate to external (bank,another corporate) -
Please use Payments Initiation API under Corporate Banking
Endpoint: Third Party Funds Transfer if transferred to another corporate account within the same bank
Endpoint: Domestic Funds Transfer if another corporate to an account in a different bank in the same geography
3. Transfer of money belonging to same bank across different account/sister bank
Currently these are not supported using the Fusion Corporate Channels API. Please refer the above comment from Francois.
4. Bank to bank transfers.
Currently these are not supported using the Fusion Corporate Channels API. Please refer the above comment from Francois
Hello , there is a dedicated API category for 'Corporate'.
i would advise to have a look especially on Corporate Payment Initiation API it will also bring Corporate features like Transaction Approval
We provide also the Sweep Solution that gather several API
For a a Bank to Bank model , use the tag 'Fusion Global Pay Plus', you will find API following ISO20022, RealTime Payment API
3 People are following this question.
