Introduction
The Virtual IBANs v4.0 package provides a set of APIs designed for advanced management of Virtual IBANs within corporate current accounts.
The solution is designed to provide scalable support for the needs of companies, fintech platforms, marketplaces, and institutions that require:
- managing multiple Virtual IBANs linked to a main account (parent account)
- simplifying the reconciliation process for incoming payments
- automating inbound and outbound payment flows
- maintaining clear and structured tracking of operations
Package Objectives
The package aims to:
- Improve automatic reconciliation of incoming payments through unique Virtual IBANs for customers, transactions, contracts, or projects.
- Simplify business accounting by eliminating the need for manual analysis or complex matching.
- Configure programmatic management of the entire lifecycle of a Virtual IBAN.
- Ensure complete visibility on transactions related to the main account and its associated Virtual IBANs.
Key Features
The package provides endpoints for:
1. Creating a Virtual IBAN
Allows you to generate new Virtual IBANs linked to an existing account, including optional descriptions useful for logical or administrative identification.
2. Viewing Virtual IBANs
Includes features to:
- obtain the list of all Virtual IBANs associated with an account
- retrieve the details of a single Virtual IBAN
- verify its status (active/inactive)
- access activation and deactivation information
3. Status Management
Allows you to change the status of a Virtual IBAN, for example by setting it to inactive when it is no longer needed.
4. Transactions
The package allows you to:
- retrieve information about the main account associated with the Virtual IBANs
- view the transactions related to the main account in relation to the linked Virtual IBANs
5. Integration with Payment Operations
Also supports the initiation of money transfers using Virtual IBANs, facilitating integrated payment flows.