These APIs provide businesses with real time, instant alerts for credit and debit transactions on their accounts that enhance their ability to monitor and manage their financial activities effectively.
- Overview
- APIs Offered
- Use Cases
- Applications must get the token using the “Get Token API," which will provide the access token details. This token must be used for the subsequent interactions of RESTful APIs. Tokens will be valid for 180s.
- The customer will expose this API, which will then be consumed by the bank to deliver credit/debit notifications
- Corporates will have to align with the format defined for notifications to consume the same form, Mashreq.
- Prerequisites for the notification are to provide CIF and account details for which notifications are required. This information is required by the bank to set up.
- Corporates are to provide a URL to the bank; the provided URL should be used as receipt data from the bank.
This API provides customers with real-time alerts for credit and debit transactions on their accounts, assisting in the maintenance of accurate financial records and the detection of fraudulent activity.
NOTE:
Flow Chart
What operations can be performed?
1. creditDebitNotification: This POST method is used to get credit/debit notification response for a transaction.
Request Headers:
Request Parameters:
Response Parameters:
Status Code Information:
IMPORTANTS NOTES:
Credit/Debit Notification APIs work on the webhook concept, streaming information continuously and in real-time, offering immediate visibility into account activities, and allowing businesses to respond quickly to account activities. This capability is essential for maintaining accurate financial records, detecting fraudulent activities, and ensuring compliance with regulatory requirements.
What are the benefits?
Immediate Alerts
Receive instant notifications for all credit and debit transactions, ensuring timely awareness of account activities.
Operational Efficiency
Automate the monitoring of account activities, reducing the need for manual checks and improving accuracy.
Improved Cash Flow Management
Gain real-time insights into cash flows, enabling better financial planning and liquidity management.
Enhanced Security
Monitor account activities in real-time to detect and respond to unauthorized transactions promptly.
Compliance
Ensure compliance with regulatory requirements by maintaining accurate and up-to-date financial records.
Customer Satisfaction
Provide clients with real-time updates on their transactions, enhancing transparency and trust.
Which APIs are offered?
- Credit/Debit Notification API: This API provides customers with real-time alerts for credit and debit transactions on their accounts, assisting in the maintenance of accurate financial records and the detection of fraudulent activity.
By leveraging Mashreq’s Credit/Debit Notification APIs, corporate clients can significantly enhance their financial operations, ensuring more efficient, accurate, and secure management of their financial activities
Provides real-time alerts to customers upon the initiation of credit or debit transactions.
