December was quite a busy month for our product and engineering teams. The teams made several updates and improvements to our API and web application. In addition to support for payments at HSBC, here’s what shipped this month.
Support for Creating Internal Bank Accounts in the Sandbox and at Increase
We have added support for creating new Internal Accounts from the API. Customers can now create additional accounts at Increase and within the default sandbox banks. To create a new internal account, fetch a list of existing bank connections using the new Connections endpoint. Select bank and with the `connection_id`, use the new create Internal Account endpoint. Internal accounts created using an Increase connection will reflect within your Increase portal.
Schedule Currencycloud Conversions
FX payments made through Currencycloud require conversions that are only supported during specific time windows. Conversion requests outside these windows would previously be rejected. We’ve added the ability to queue FX payments attempted outside of these windows so that they are then made when conversion creation support resumes.
Filter Internal Accounts by Currency and Payment Capability
We have added support to filter internal accounts by currency, payment type, and payment direction (credit or debit). This is currently supported via API.
Link Reversals to Ledger Transactions
When creating a ledger transaction, you can now link it to a reversal. The status of the ledger transaction will be automatically updated based on the status of the reversal.
View Incoming Payment Details on the Application
We have added the ability to view Incoming Payment Details (IPDs) on the application dashboard. You can now view all IPDs for each internal account at banks where IPDs are supported. This was previously available only via the API.
If you have any questions or feedback about any of these updates, or if you’re interested in trying one of Modern Treasury’s payment operations products, get in touch.
We are also continuing to hire engineers who are interested in building the next generation of payment operations software. You can find out more about opportunities on our careers page.