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Insurance API description that fulfils the data sharing requirements for motor insurance policies.
Pushed Authorization Request Endpoint description that provides details of the Rich Authorization Request Schema Objects used to initiate User authentication and authorization.
Payment Refunds functionality that facilities refund payments for Open Finance initiated payments to Merchants/Service Providers.
https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70091893/Single+Instant+Payment#2.2-Fast-track-Journey, functionality that allows a simples user journey when all payment informaiton is available at TPP
https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70091893/Single+Instant+Payment#3.3-Using-Proxy-for-Beneficiaries, user journey when proxy is used for beneficiaries
https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70091893/Single+Instant+Payment#3.4-Using-Confirmation-of-Payee-(COP), user journey allowing confirmation of Payee when payee is defined using a bank account
Open Finance Payment Limits added to https://openfinanceuae.atlassian.net/wiki/x/n4gtB
List of purpose codes added in https://openfinanceuae.atlassian.net/wiki/x/n4gtB
https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70092119/Multi-Payments#1.5-Combined-Payments-(Recurring-Payments-with-a-One-Time-Setup)additional functionality for combined single and multi-payments in a single consent.
https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70092119/Multi-Payments#1.7-Balance-Check-Permission functionality to allow balance check of the paymennt account before a payment of a mutli-payment consent is initiated
What’s changed ?
Since the previous draft, the following functionality and specifications have been updated:
Bank Data Sharing API description includes the
/parties
endpoint to provide details of the User as held by the LFI.Bank Service Initiation API description includes the Refunds endpoint and consent flag that allows debtor account details to be retrieved.
Bank Service Initiation API description includes the Bulk/Batch payments operations that allows TPPs to submit a file of payment instructions to an LFI via the OFP.
Bank Service Initiation API description references Aani codes rather than ISO 20022 for the property
PaymentPurposeCode
.Bank Data Sharing and Bank Service Initiation API descriptions have been amended to include a standardised prefix of “AE” for Schema Object names.
API description pages have been renamed from “Swagger Documentation” to “OpenAPI Documentation” to provide the correct name of the API description language used.
Future Dated Payment has been updated to reflect that FDPs are warehoused and scheculed by LFIs
Purpose code has been added to all payment types.
https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70092119/Multi-Payments#1.8-Using-Variable-defined-Consent-for-Single-Future-Dated-Payment-(FDP)clarification added in the Multipayments
What's to come?
Future drafts will include some/all of the following functionality and specifications:
Request to Pay