We are excited to announce the rollout of our newly upgraded TransFi API! With this new release, we have drastically improved performance, streamlined our payment and compliance workflows, and added more robust tooling for Payouts, Collections, and Crypto/Fiat Ramps.
To enhance transaction traceability and platform security, we are introducing a mandatoryMID (Merchant ID) header for customer-level API calls.
To enhance transaction clarity and improve regulatory compliance, we are introducing significant updates to the purposeCode field across our API endpoints. This includes both an expanded list of purpose codes and a mandatory purposeCodeReason field for specific scenarios.
To improve data completeness and streamline our identity verification processes, we are introducing several updates to our user creation and Standard KYC APIs.
To streamline user onboarding and provide greater flexibility for our partners, we are making the date field optional for specific user creation flows. This change applies when creating users for non-ramp services, such as direct payouts or collections.
To enhance transaction clarity and improve regulatory compliance, we are introducing a mandatory purposeCodeReason field for specific API requests. This change will affect all endpoints where purposeCode is set to other.
We are implementing enhanced age verification and restrictions for individual user accounts to ensure regulatory compliance across different markets and improve risk management for financial services.
We have implemented changes to enhance order ID generation to improve system reliability for high-traffic scenarios.
We are implementing invoice requirements for all payin and payout transactions to improve compliance, audit trails, and regulatory adherence across our payment platform.
We have implemented changes to make payerName field mandatory for EUR Currency.
