December 10, 2024
- Core Platform
- Issuance and Cards
- Payouts and Payins
Core Platform
Nium Portal
New Features
Nium Portal In-line Payouts
In-line Payouts enables any user to create payouts directly in Nium Portal—no coding or integrations needed. Select a beneficiary, set payout details, and you're done! For more information, see Payouts.
API Breaking Changes
Transactions complianceStatus Changes
The complianceStatus returned in the Transactions API response will only return RFI_REQUESTED and RFI_RESPONDED beginning January 15th, 2025. For compliance purposes, the remaining values won’t be supported. If you have any questions, please contact your Nium account manager or Nium Support.
Issuance and Cards
There are no updates for this time period.
Payouts and Payins
Enhancements
Nium Verify now available in India and the European Union
Nium Verify is live in the European Union and India! You can now verify corporate bank accounts in Belgium, France, Italy, Netherlands, and Poland and retrieve the account holder name. For a consolidated list of all Nium Verify’s coverage, see Nium Verify.
New externalID Field
We have introduced a new field, externalID, in the Transfer Money request to allow customers to include their custom reference ID for transactions. This enhancement simplifies reconciliation for clients.
- The externalID field is a string that accepts user-defined reference numbers.
- It supports idempotency by rejecting transactions with duplicate reference numbers, thereby preventing duplicates.
- Customers can filter transactions using externalID via the Transactions API and Fetch Remittance Lifecycle API.
- Additionally, this field is included in all payout webhooks to facilitate seamless reconciliation.
For more info, see Transfer Money in our API Reference.
API Breaking Changes
Fetch Supported Corridor V2 Deprecation
The Fetch Supported Corridor V2 request will be deprecated and unavailable as of April 1, 2025. We’ve launched an updated version, Fetch Supported Corridors V3, which offers enhanced details on supported remittance corridors.
Please integrate with Fetch Supported Corridor V3 by April 1, 2025 to avoid any disruptions. For more information, contact your Nium account manager or reach out to Nium Support.