Overview
The Payments API enables customers (PSU) to initiate payments directly from their NewDay account through a third-party application or website. Each payment is initiated with the customer's approval. This way, the customers remain in control of their finances.
Benefits
Convenience
Make payments directly from your NewDay accounts via an application.
Easy integration
Easily integrated with other financial applications and services.
How it works
Before you start, you must meet the regulatory requirements as a PISP:
- 1Register with the relevant authority as a PISP, the Financial Conduct Authority (FCA) in the UK, through their website.
- 2Register with the UK Open Banking Implementation Entity (OBIE) and have a valid transport and signing certificate uploaded on the directory.
- 3Register with NewDay as a third-party via the Dynamic Registration endpoint.
NewDay will also:
Confirm available funds for the payment order
Confirm the status of the payment order
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