Semi-Closed or Open Loop Management
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.
Note:
If card is permanently blocked, it can’t be unblocked using the Unblock Card API.
Updated about 1 year ago