August 23, 2021
Compliance
Socure live in sandbox
Support for integration with third-party automated identity check and fraud prevention partner Socure is live in the sandbox environment. A one-page transformation guide is available for integrators to adopt Socure to their existing flows.
Socure Transformation: https://developers.primetrust.com/docs/socure-transformation
IRA age restriction validation
This update changes the ending age range for IRA accounts from 69 to 99.
Disable deposits in accounts that have not completed a KYC check
This change to account opening behavior ensures that all new accounts are by default unable to accept deposits until passing all CIP, AML, and document checks. Upon passing, the accounts can accept deposits.
Input validation for contact fraud prevention attributes
The previous release introduced optional geolocation and IP address attributes that integrators can pass (for end users) to improve fraud prevention. This improvement provides the following validations for those attributes:
geolocation: validate for ISO 6709 format
ip-address: validate for IPv4 or IPv6 format
Custody
Referral code for new accounts
Prime Trust account creation now require referral codes from the Prime Trust Sales team. Contact sales@primetrust or your account manager to request a referral code for a new account.
Liquidity
Asset label available in trades resource
The asset-label attribute is now available (in addition to the existing asset-id) in the Trades resource so that integrators and trade desks can reconcile more efficiently and have more visibility into the types of trades they are accepting.
Settlement
Reverse internal transfers
Integrators can reverse internal transfers between two accounts under their organization using the following endpoint:
POST /v2/account-cash-transfers/{account-cash-transfer-id}/reverse
Integrators need to have “Full Control” or “Manage” permission over the two accounts involved in the Account Cash Transfer, and the feature needs to be enabled per organization.