Internal accounts

Customer accounts are leveraged in most payment operations. Manually managing them or passing them from third-party solutions for each task can be tedious and error prone.

With internal accounts, Numeral customers can store, manage and leverage their customer accounts directly in their payments platform.

This information can then be directly leveraged in the following workflows:

• Create a payment order (as originating account)
• Create a direct debit mandate (as originating account )
• Create an expected payment (as internal account replacing virtual account)
• Automatically link
  • Incoming payments with internal accounts
  • Transactions with “virtual” internal accounts
• Automatically process incoming instant payments in real-time
• In the future, automatically answer Verification Of Payee requests

Internal accounts are available for free for all customers.

Note that in addition to the launch of internal accounts, we are replacing the following objects:

• Counterparty becomes Account holder
• Counterparty account becomes External account
• Virtual account becomes Internal account with type = “virtual”

Also note that connected accountsare now accessible under “Settings” in the Numeral dashboard.

Learn more about this migration in the dedicated changelog, and find more information about internal accounts:

• API reference