Linking External Accounts
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Collect Account and Routing Number
Wait for the user to be approved SEND-AND-RECEIVE
Notify the User of Incoming Micro Deposits
Collect Micro Deposit Numbers
Notes:
Linking accounts via micro deposits is subject to fees in order to support the cost of sending the transactions
Fraud rings have started farming micro deposits using automation which can lead to huge losses if not managed properly.
Display account aggregator window
Collect username/password via aggregator
Collect Account details from aggregator
Notes:
Prerequisite: Integrate with an account aggregator like Plaid or MX
Include account details and 3 months of account history when creating the node
Collect Card details from User
Card Number
Expiration
CVV
Payment Address
Notes:
Platforms will be required to maintain PCI Compliance and pay for regular audits if unencrypted card details hit their servers at any time
Invalid Card Details will result in a 400 response code
In order to reduce fraud, platforms can elect to enforce restrictive AVS requirements when creating the node
Encrypt Card on the user’s device details with