Payment Services With Connect Lite
Finicity’s Payment Service guide includes how to connect accounts and pull balance information as well as pulling the full routing and account number for use in payment initiation. This most commonly replaces the use of micro deposits for verification of an account number for payment transfer.
Guide Specific To The Payments Industry. There are additional guides you should read prior to going through this guide.
Finicity Connect is an embeddable HTML application that makes it easy for financial applications to integrate with Finicity’s suite of API’s. Applications will use Finicity Connect to allow their customers to connect their financial accounts. After the accounts are connected the partner application can generate reports on the account financial data for their customers to provide them the required service.
Finicity Connect allows a consumer to sign into their financial institution (FI) and permission Finicity to gather data from their accounts. Finicity completely hosts Finicity Connect. This assures the partner does not have exposure to consumer credentials and authentication information.
Finicity Connect is also required for financial institutions that are secured through OAuth. Connect manages the instructions and proper redirection to the financial institution website. For more details on OAuth connections see our OAuth Connections Guide.
Finicity Connect can be integrated into your application in two different ways:
A Redirected URL
Directly Embedded Into the Application
This guide will describe in detail how to use Finicity Connect, how to integrate it into your application, how to manage and receive Finicity Connect events, and how to manage and receive report generation events.
First step in connecting a customer is creating a customer record in the Finicity API. A Finicity customer record represents your borrower and is the parent record for all other financial data such as account data and transaction data.
Display Institutions For Customers To Choose
The first interaction with you customer in connecting their accounts will need to be a selection of financial institutions for them to choose from. Your application will be responsible for retrieving a list of supported institutions from the Finicity API and then displaying those institutions in a search screen.
To get a list of institutions and their details you will call the “Get Institutions” endpoint. This will give you a list of all available institutions in the Finicity system.
With our list of institutions we also certify our connections by the type of service that is being requested. Certification includes making sure the connection is running correctly and assuring the data needed such as transactions is returning properly. You would call the “Get Certified Institutions” service to get the list of institutions and it would list all that are available for the requested service “ach”. You can also just call for a list of “ach” specific FI’s by using it as a search parameter in the call.
You should store the list of FI’s in your application for use in the search screen. We recommend refreshing that list on a 24 schedule using the Finicity API. You should not call for this list every time a customer searches as this will cause delays in the customer experience and cause unnecessary load on both the application and the Finicity API services.
When presenting this list of institutions in the application you should give the ability to search by the Financial Institution Name value as well as the Financial Institution Home URL value. This assures that if a customer searches by either value they will be able to find their institution.
Get Fincity Connect Link
Once the customer has selected an institution from the search the Financial Institution ID will need to be captured to be used in the next step of prompting the customer to connect their accounts.
Using the financial institution Id you will call for the connect URL to present to the customer. The specific type you will call for in this flow is the “lite” type. With this “lite” type and the Financial Institution Id you will be given a URL for that customer to add accounts for that specific Institution. See the technical article below on how to call the Generate Finicity Connect URL endpoint.
Integrate Finicity Connect URL Into Your Application – Web
Having received the Connect URL, you can integrate the Finicity Connect experience into your application. For the web application experience, you can choose to redirect to a new page, or use the SDK to embed it into your application, following the instructions in the link below.
Integrate Finicity Connect URL Into Your Application – Mobile
For mobile integration, please follow these instructions on how to integrate it into your mobile app.
Connect Webhook Events
We know that while your customer is in the Finicity Connect flow, it is important to understand what they are doing and what their experience is like. To facilitate this we have provided web hook events that will be sent to the webhook URL you pass in the Generate Connect API call. For a detailed guide of the webhook events you will receive, see the webhooks details link below.
Connect Route Events
In addition to Webhooks events we also provide route events that you can use to receive more immediate updates on application behavior, directly in the browser. Instructions on how to utilize those can be found here.
Customer Account Selection
Once the accounts have been added you will need to have the customer select which of the added accounts they would like to permission for the report. Use the get customer accounts call to retrieve the list of customer accounts and present this list in a UI to the end user. You can organize the accounts by their institution login id and institution id for easy readability. Once the customer has selected the accounts save the accounts Id’s for the next steps.
Retrieving ACH Information – Routing and Account Number
Finicity’s ACH Account Verification Service pulls an Account and Routing number for a specified account for use in the payment initiation. This most commonly replaces the use of micro deposits for verification of an account number for payment transfer. Once a customer has connected their account(s) the routing and account number can be retrieved for a specified account using this service with the accountId.
Retrieving Latest Balance Information
By default Finicity will pull the latest register balance and available balance for an account when it is first connected. To get the balance for the first time you will call “Refresh Institution Login Accounts” and then to retrieve the balance you will call the service for account data “Get Customer Account” which will give you all the account data including the register and available balance. That can then be used prior to initiating payment.
In the case that the customer has connected their accounts previously and you are wanting to get an update to date balance before initiating payment Finicity does automatically pull the balance on a 24 hour basis. If you require a balance updated up to the moment before you initiate payment you may do a one time account data refresh from the FI by call the service “Refresh Institution Login Accounts” for the account you need to update the balance on and then utilize the service “Get Customer Account” to pull the balance data before initiating payment.
As a note you can always tell how up to date a balance is by utilizing the “aggregationSuccessDate” timestamp on the account data which will tell you when the balance was last successfully pulled.
Utilizing Analytics Systems For Connect
We support passing google or adobe analytics data into the calls as well for tracking. See the article for more details.