Semi-Closed or Open Loop Management

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Semi-Closed or Open Loop Wallet/Card can be used at websites/app where the issuing merchant’s wallets are allowed. This involves the following APIs:

  • Create Wallet/Card API: This API will be required by the merchants to register the customer for wallet
  • Retrieve Customer Record API: This API will be required by Merchants to fetch customer details and balance present in the customer wallet.
  • Update Profile API: This API will be used to update the customer profile details.
  • Load API: To load the money in the wallet post receiving success of the transaction.
  • Unload API: To spend the money from the wallet.
  • Check Status API: This will be required to check status of the load API used in the top-up journey.
  • Statement Inquiry API: This API can be used to fetch wallet transaction data between specific range
  • Change Card Status API: This API used to change the card status of the card number of the customer.
  • Block Card API: This API is used to block the customer card. Card can be blocked temporarily or permanent basis merchant use-case.
  • Unblock Card API: This API can be used to unblock card.
  • Link Card API: This API is used to activate/link card in the system link it to a customer.
  • Verify Cardholder API: This API is used to validate the cardholder’s details before allowing the cardholder to view or perform any critical/sensitive activities like initiating KYC or setting PIN etc.
  • Reset PIN API: This API is used when a cardholder forgot his existing PIN and wants to reset the PIN.
  • Card Inquiry API: This API is used to retrieve the summary of the card. e.g. cardholder information, balance on the card etc.
  • Create Beneficiary API: This API is used for creation of beneficiary.
  • Fetch Beneficiary API: This API is used for fetching beneficiary details.
  • Update Beneficiary API: API is used to update the beneficiary details.
  • Delete Beneficiary API: This API is used for deletion of beneficiary.
  • Fund Transfer API: This API is used to transfer funds.

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Note:

If card is permanently blocked, it can’t be unblocked using the Unblock Card API.

Updated 5 months ago