September 17, 2024

Core Platform

Enhancements

Intermediary Bank Code for Virtual Accounts from JPMC SG

The virtual account detail returned by the Virtual Account Details V2 API will now include the intermediary bank SWIFT BIC for virtual accounts issued for non-SGD currencies. This will be available in the routingCodeValue2 field and should be used for fund transfers through virtual accounts issued by JPMC SG.

Nium Portal

Virtual Account Numbers

You can now create virtual account numbers directly in the Nium Portal on the Customer Balances page. This caters to users who prefer the portal over our API.

For more information, see Virtual Account Numbers.

GPI Details for SWIFT Transactions

Global Payments Innovation (GPI) details for SWIFT transactions are now included in transaction reports, providing end-to-end visibility into transaction statuses.

For more information, see GPI details.

Payout Return Reasons

Transaction reports now display reasons for returned payout transactions, helping you identify and prevent issues.

For more information, see Transaction reports.

Nium Docs

New Financial Institutions Use-Case Guide

We’ve released a new use-case guide tailored for Financial Institutions (FIs). It provides detailed integration steps, fund flow examples, and an overview of key Nium features.

For more information, see Financial Institutions.

Issuance and Cards

There are no updates for this time period.

Payouts and Payins

Enhancements

Customer-Named Virtual Accounts Now Available for Hong Kong Payins

We’re enhancing payin capabilities in Hong Kong! You can now collect funds into customer-named virtual accounts in HKD via local methods, and in USD, EUR, GBP, AUD, CAD, and CNY via wires.

For more information, see Virtual Account Number.

Enhanced Reference Info for Nepal Payments

Beneficiaries in Nepal can now see the sender's name in Rupee payouts, improving transaction tracking. This adds transparency and security to every transaction.

Enhancements to the Proof of Payments API

The ultimate remitter’s name will now appear on the Proof of Payment PDF for on-behalf payouts, helping Financial Institutions manage third-party payout use cases more effectively.

For more information, see the Get Proof of Paymentrequest.