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.

image

NewDay will also:

Confirm available funds for the payment order

Confirm the status of the payment order

Still have questions?

Can’t find the answer to your question? Our friendly team are more than happy to help

Was this page helpful?


© NewDay 2022. All rights reserved.

Cookie PolicyPrivacy PolicyTerms of UseSupport