Overview
The Payments API allows customers (PSUs) to initiate payments (Balance Transfer or Money Transfer) directly from their NewDay account through a third-party application or website, with the customer’s consent for each transaction. This ensures customers maintain full control over their financial activities.
For more details, refer to our Payment Initiation Service API Reference.
Benefits
Convenience
Seamlessly make payments from your NewDay account through integrated applications.
Easy Integration
Easily integrate with other financial applications and services for a smooth user experience.
How it works
Before starting, ensure you meet regulatory requirements as an PISP:
- 1Regulatory Approval: Register with your local authority as an PISP, such as the Financial Conduct Authority (FCA) in the UK via their website.
- 2Open Banking Directory: Enrol with the UK Open Banking Implementation Entity (OBIE) and upload valid transport and signing certificates to the Directory.
- 3NewDay Registration: Register with NewDay via the Dynamic Client Registration (DCR) endpoint to gain API access.
NewDay will also:
- Verify available funds for the payment request.
- Confirm the status of the payment order to ensure accuracy and completion.
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