This section covers the core functionality for initiating third-party outgoing payments using the Wire or Swift payment rails. Another section covers the JikoNet payment rail.
As described below, third-parties can also debit your Jiko pockets:
| Payment Initiator | Description | Payment Rails |
|---|---|---|
| Your company | Submit, approve and release payments in Jiko. | Wire, Swift, JikoNet |
| Your counterparty | Allow your counterparties to initiate an ACH pull to debit your Jiko pocket. | ACH |
Section in progress: see Third-party Payment Initiation & Management using JikoNet.
To initiate a transfer, you must first create the counterparty. You are responsible for gathering the necessary account details (example: routing number of BIC code, account number...) directly from the counterparty outside of the Jiko system.
Customer systems:
Gather from the counterparty its account details.
Send to Jiko a counterparty creation request.
Receive from Jiko the unique Jiko ID assigned to this counterparty.
Associate this Jiko Id with the counterparty in payment origination systems.
| Step | Purpose | Jiko API Endpoints |
|---|---|---|
| 1 | Create a new payment beneficiary. | POST /api/v2/counterparties/ |
| Step | Purpose | Jiko API Endpoints |
|---|---|---|
| 1 | Create a new transfer request. | POST /api/v1/transfer-requests/ |
See Cancel a JikoNet Transfer request.
See Approve a JikoNet Transfer request.
See Retrieve the status of a JikoNet transfer request.
See Receive Event Notifications (Webhooks).