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HandelsbankenImplementation guide
October 25 2019Payments initiation API FinlandPayment initiation API
FinlandHandelsbanken
Payments initiation API FinlandImplementation guide
October 25 2019Contents
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How to fill out payment initiation api
How to fill out payment initiation api
01
To fill out the payment initiation API, follow these steps:
1. Authenticate the user and obtain the necessary authorization credentials.
02
Create a JSON payload with the required payment details such as the beneficiary account number, amount, currency, and purpose of payment.
03
Include any additional optional parameters like payment reference, transaction fees, scheduled payment date, etc.
04
Use the appropriate HTTP method (POST, PUT, or PATCH) to send the API request to the payment initiation endpoint.
05
Handle the response to check for any errors or success codes, ensuring the payment initiation is processed correctly.
06
Implement appropriate error handling and retry mechanisms in case of failures or timeouts.
07
Monitor and log the payment initiation activities for audit and reconciliation purposes.
Who needs payment initiation api?
01
Payment initiation API is mainly required by banks, financial institutions, payment service providers (PSPs), and e-commerce platforms.
02
It enables these entities to initiate and process payments on behalf of their customers or merchants.
03
By using payment initiation API, these organizations can provide seamless and streamlined payment services to their users, improving user experience and reducing manual payment processes.
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What is payment initiation api?
Payment Initiation API allows a third party to initiate a payment on behalf of a user.
Who is required to file payment initiation api?
Companies or institutions providing payment initiation services are required to file payment initiation api.
How to fill out payment initiation api?
To fill out payment initiation api, companies should follow the guidelines provided by the regulatory authorities.
What is the purpose of payment initiation api?
The purpose of payment initiation api is to allow third parties to initiate payments securely and efficiently.
What information must be reported on payment initiation api?
Payment initiation api must include details of the payment transaction such as amount, payee, payer, and payment date.
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