January 10, 2022

Release R 1.17.22 is available for preview in the Sandbox environment on January 10, 2022.

Release R 1.17.22 will be available in Production on January 17, 2022.

Liquidity

Scheduled settlement UI

Integrators using the scheduled settlement feature can now view their trade settlements, view outstanding settlements, and take appropriate action. For example, if a trade settlement fails because of a lack of cash or assets on the integrator side, the integrator can now view that particular trade settlement and top-off the settlement account with any required cash or assets.

Return a successful response as soon as a quote is executed and settle asynchronously

This performance update enables asynchronous settlement and affects non-expired quotes in pending status that are executed by calling POST v2/quotes/<quote-id>/execute.

A successful "2XX" response returns status of “executed_pending_settlement”, followed by settlement, and the quote moved into executed status.

December 20, 2021

Compliance

Auto-deny new accounts following a CIP check rejection

In order to reduce the time and effort to open an account, and to reduce human error and manual review, this feature auto-denies and closes an account if a CIP check decision is rejected.

For an account to be auto-denied and closed, an account must be:

  • status: pending

  • never opened before

  • zero balance

  • not an entity account (entity accounts have more than one contact)

The outcome of the auto-deny and closure feature is the same as the deny account option in Cloud Prime Trust.

Liquidity

Ability for a trade desk user to see its trade settlements

Previously, users with the trade_desks role could not view trade settlements.

This update adds the ability for a user from a trade desk to see its trade settlements using /v2/trade-settlements.

Payment rails

Webhook response for pre-created credit card contribution

This update to the credit card contribution flow introduces a webhook “updated” event for when a pre-created contribution completes and a funds transfer is created and successfully linked to a contribution.

Flow:

  1. Integrator calls POST /v2/contributions/token to create the 'pre-created' contribution

  2. Integrator uses the Credit Card widget to collect CVV and complete the contribution.

  3. The system links the funds transfer to the contribution.

  4. “Updated” webhook is sent out to the integrator.

Webhook update:

An "updated" webhook event is fired when a funds transfer is successfully linked to a contribution after a pre-created contribution was successfully completed.

December 6, 2021

Updates on the latest product releases from the Prime Trust team.

Compliance

KYC auto deny over sigma fraud risk > 0.99

Prime Trust now auto-denies CIP checks if the fraud risk > 0.99

KYC accept ITIN

Prime Trust now accepts and validates ITIN if entered as tax-id.

Deny-list error message update

Previously, when the deny-list feature blocked Account / Contact creation, the system sent an error message with text instructions to “contact your account manger”. This updated replaces the text of the message with, “User is ineligible for a Prime Trust account”.

Payment rails

Pre-contribution creation and completion with a token

This feature provides new endpoints for integrators to create a token linked to a “pre-created” token that can only be used to complete and process that pre-created contribution. The pre-created token reduces the risk of creating a contact that can then be used to create a contribution (through the Prime Trust credit card embeddable widget) for differing amount.

POST /v2/contributions/token

  • Uses the request payload as a contribution except with 3DS challenge attributes.

  • Can only be used for contributions of type “credit_card”

  • Creates the contribution record but does not process it

  • Returns the contribution details along with a token

Cancel a credit card pre-contribution

This feature provides av new endpoint for integrators to cancel a pre-created credit card contribution:

POST /v2/contributions/token/<token-hash>/cancel

  • Used if the Contribution is in Pending status and there is no funds transfer associated with it (meaning it hasn’t been fully processed)

  • Canceling prevents the token from working

If the contribution has been processed, the system returns a 403 response with the message, “Funds transfer has already been processed and cannot be cancelled.”

Hide form on CVV submit success page

This feature hides the form in the credit card embeddable widget before destroying the iframe in order to prevent your end users from re-submitting a CVV number more than once.

The system previously displayed the CVV again after the 3DS challenge completed.

Support of intermediary SWIFT code for international wires

This update enables Cloud Prime Trust users to enter either a SWIFT Code either or a routing number in the Intermediary SWIFT Code field when sending an outbound transaction in all currencies.

The system displays two radio button selections (one of the two is required):

  • Intermediary Swift Code - validate format of 11 alphanumeric digits

  • Intermediary Routing Number - validate format of 9 numeric digits