Open banking API - Payments

If you have subscribed to Open banking, you can execute payments through the bank API. 

1. Create KYC

First, you must create a valid KYC for all the legal entities that will send payments from TS. 

That is done in Master data / Companies 

Select a company 

click on TAB KYC

Click on Create KYC

A separate web page with all the KYC questions will be opened

Answer the question on the webpage and complete the KYC

Within approximately 30 min, the company will get a valid KYC,

Is it possible to click on get KYC status to check the status.

If the company has a valid KYC status, 'KYC valid to' date is displayed.

The Master data widget will Alert 2 weeks before a KYC validation expires. 

2. Update Payment rules

Open Payments / Payment rules TAB Payment integration

Add rules and make a selection of banks and countries to which you want to send API payments for the chosen payment integration API payments.

Payment rules / Transfer Type

We need to add a payment type for domestic payments. 

Open netting rules and update the rules for all the counterparties you will send payments Netting Rules

Open Roles and Permission 

Select the user that will approve payments

Click on Bank connection Personal Ids 

Tab Open banking 

Select bank and the Personal ID (found in the internet bank or contact the bank office) 

To process payments  

Also see article Payment

1. Open Pay 
2. Select the payments you want to send
3. Click create payments 
4. Go to tab Approval
5. Select the payment and click Approve
6. If the payment has been approved correctly it should disappear from Approve payment tab
7. Authenticate by using QR code or redirect (a webpage with the banks' authentication will be open)  

Note: Most banks have a second approval from the Internet bank before the payment is executed. 

Check status and feedback

If you want to check status and feedback of a sent payment 

Open Payments / All Payments 

The feedback status is retrieved when sending the payment and TS is checking for update every 15 minutes. 

If you want to manually check for updated status it is also possible to click Feedback status