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

Without the proper tools, it can be complex for payment operations teams to identify payment issues quickly, uncover potential optimisation for payment operations, and view long-term payment trends at a glance.

Numeral's new dashboard home gathers all the insights payment and finance teams need:

• Payment operations: Identify and solve payment issues as soon as they happen.
• Liquidity: Visualise and manage your liquidity over time and across banks
• Analytics: Uncover long-term payment trends and gather insights on repeated issues to optimise your payment operations

New widgets will be added in the future, including views on payment retries and account verifications.

The dashboard home is available for free to all customers that have access to the dashboard.

Numeral customers now can visualise in the dashboard, for each configured webhook, all the events sent to said webhook.

Using incorrect BICs can lead to payment failures, and end users providing the wrong BIC with their IBAN can indicate a fraud tentative.

With Bank code lookup, customers can easily retrieve the BIC associated with an IBAN to improve payment success rate and prevent potential fraud.

Bank code lookup is available via:

• An API endpoint, through which customers can submit an IBAN and obtain the corresponding BIC in response
• The dashboard when creating a payment order or an external account. Clicking on the “Lookup” button will automatically populate the Bank code field based on the provided Account number

Bank code lookup is available to all customers and currently supports IBANs of the countries listed here.

API endpoint

Dashboard users customers now can view the reconciliation rule used by the automated reconciliation engine to reconcile reconcile a payment or transaction.

If a connected account supports multiple currencies, customers can now retrieve the balances for each supported currency from the dashboard and the API.

When a payment order is created on a multi-currency account from the dashboard or the API, the credited or debited balance will be the balance of the currency selected for the payment order.

When creating a new payment order from the dashboard, customers can also visualise the balance for each currency of a multi-currency account when selecting the connected account.

Numeral customers can now check, for external accounts recorded in Numeral that represent legal entities, the correspondence of the provided account number and company registration number.

Current coverage for company registration number verification includes the Netherlands and France.

Supported company registration numbers are:

Learn more in the Account verification documentation:

• Guide
• API endpoint

Customers can now approve returns before they are sent to their bank. After activating return approvals, returns will be created in the pending_approval status and have to be approved or canceled in the API or dashboard. Learn more about the updated returns lifecycle. Contact us at [email protected] to activate return approvals.

Customers benefit from an improved flow in the Numeral dashboard to manually reconcile payments:

• From the transactions screen, they can select one or several unreconciled transaction
• They can then choose what payment type to reconcile these transactions with: payment order, incoming payment, return or expected payment
• They can then select the relevant payments to reconcile the previously selected transactions with

This tool supports 1:1 and 1:n reconciliations.

The same workflow is available from the payments screen.