Overview
Requirements
- Account Setup and Ongoing Management
- Incorporation of money movement APIs (/SFTP transfers where applicable)
- Entity API set up for customer details and business relationships
- Virtual Account Number API setup to issue unique account numbers for each of your users
- Daily file sharing across user balances and transactions for reconciliation purposes
Special Considerations
- Depository accounts are set up with a account owned by Lead. There are a few different ways to configure your accounts. Lead discusses these options with you during the implementation process.
- Lead supports many third-party vendors in the fintech ecosystem across acquiring, issuing, and payment processing.
Flow of Funds
An example diagram illustrating a depository account.
Data Validation Requirements
Required data fields for Depository Accounts with Lead: