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Payment Initiation

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:
  1. 1
    Register with the relevant authority as a PISP, the Financial Conduct Authority (FCA) in the UK, through their website.
  2. 2
    Register with the UK Open Banking Implementation Entity (OBIE) and have a valid transport and signing certificate uploaded on the directory.
  3. 3
    Register with NewDay as a third-party via the Dynamic Registration endpoint.

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NewDay will also:

Confirm available funds for the payment order

Confirm the status of the payment order

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