New self-service functionality for recalls

It is now possible to recall a payment yourself via the Client Portal and API, to increase transparency and speed on the management of payments.

added

Specify the EUR payment rail

We have released a new functionality, which allows you to specify a payment to be executed as a SEPA Instant payment.

improved

Specify the payment purpose code for CNH payments to China

It is now required to specify a payment purpose code for CNH payments to China. If the purpose code is not provided, the payment may be rejected, delayed, or incur additional charges. You can specify the payment purpose code via both the Client Portal and API. The supported codes are:

added

Specify the charge bearer

Until recently, Banking Circle generally only supported outgoing payments via the Banking Circle API with the 'SHA' charge bearer, which indicates that charges are split between sender and beneficiary.

improved

Enhanced duplicate checks based on idempotency

We have enhanced our duplicate checks by extending all payment initiation endpoint to accept an idempotency key header. This key will prevent same payment getting initiated more than once due to for example connectivity issues. The idempotency key provided by you needs to be unique, maximum 100 characters and will have validity of 10 days. This key is used internally only and will not be exposed in any report or endpoint.

added

Held rates added to our FX solution

It is now possible to request held rates (FX rates that have a longer time span than 30 seconds). That allows you to lock in a FX rate for a given time period that you decide, thereby simplifying and adding certainty to the following trades where you choose to use the held rate.

improved

AccountId filter for the Reconciliation report

It is now possible to retrieve the reconciliation report for a single or sub-set of accounts utilizing the new AccountId filter.

added

New MT103 endpoint

We've added a new endpoints which enables you to retrieve MT103s. It is a standard SWIFT payment message that can be used as proof of payment, and it includes all payment details such as date, amount, currency, sender, and recipient. Link to API Reference.