Classes

Note

A bulk payment is a payment created from a bulk list - so it’s a payment to multiple beneficiaries from a single debit account. It will show as one debit on your bank statement. As with bulk lists, there are two types: standard domestic bulk payments and bulk Inter Account Transfers (IATs).

Note

Datalink is a whitelabel consent journey solution provided by Ecospend that downsizes the required implementation for the consent journey to a single endpoint integration. By making a single call to /datalink endpoint you will be able to initiate the consent journey.

Note

A Standing Order is an instruction that an account holder gives to their bank to make payments of a fixed amount at regular intervals. Payments are made automatically by the bank on a defined schedule (e.g. weekly or monthly) on an ongoing basis, unless a specified condition has been met, such as an end-date being reached or a set number of payments having been made. Standing Orders can only be created, amended or cancelled by the account holder, typically by using their online or telephone banking service. They are most commonly used for recurring payments where the amount stays the same, such as rent payments, subscription services or regular account top-ups.

Note

The Ecospend Gateway presents Paylink as an alternative and easier form of Open Banking Instant Payment solution. Paylink provides you the option of downsizing the development effort for a PIS journey to a single endpoint integration. Paylink undertakes all of interaction in the payment user journey with your branding on display.

Note

Domestic instant payments, international payments, and scheduled payments are all accomplished from the same /payments endpoint. The payment type is automatically identified by our system depending whether the debtor and creditor accounts are from different countries (for international payments), or whether a value has been set for the scheduled_for parameter (meaning a scheduled payment).

Note

Variable Recurring Payments (VRPs) let customers safely connect authorised payments providers to their bank account so that they can make payments on the customer’s behalf, in line with agreed limits. VRPs offer more control and transparency than existing alternatives, such as Direct Debit payments.