Atlas Business Application¶
Overview¶
Learn how to use Atlas Business Application, our solution for businesses that want to issue and manage their own prepaid cards and compliant with rigid Know Your Customer (KYC) requirement with ease.
Atlas Business Application is our end-to-end platform to quickly create, control, and distribute physical and virtual cards. When you issue a new card, ABA generates all of the required information and creates a new card for the cardholder. Physical cards will be printed and shipped directly to you or your cardholders. Virtual cards are immediately available and can be used online.
You can manage cards using the API, such as activating a newly issued card, suspending a card which is no longer needed or retrieving PIN. You can leverage the API and develop advanced tooling and functionality, from creating your own mobile app for your cardholder to generating custom reports and statements.
You will maintain a float account with us and this will be the single funding source of all card issued to your cardholder. You can enquiry the account balance and retrieve your float account statement via API.
Cardholder Registration¶
Registering cardholder with Atlas Business Application is a three-step process:
- Register cardholder with some information about them
- Upload Documentation, both Identification Document and Proof of Address required for full due diligence (FDD) verification
- Submit Know Your Customer (KYC) verification request
Register Cardholder¶
Upload Documentation¶
Submit KYC Verification Request¶
Two types of KYC verification is currently supported: - No Due Diligence (NDD) - Full Due Diligence (FDD)
You must supply the KYC type in your KYC verification request,
KYC Verification Status¶
Finance¶
Atlas Business Application enable businesses to issue and manage their own prepaid cards, you will maintain float accounts with us in order to fund the cards issued to your cardholders.
Wallet Load¶
Funding a KYC verified cardholder wallet can be done by sending a fund transfer request, currency and amount are mandatory in this API request. Once the cardholder wallet is funded, they can be ready to spend by either physical or virtual channel.
Float Account Balance¶
You will be maintaining multiple float account in different currency with us to fund your cardholder wallet, you can send float account balance request to us the get the latest balance of your float accounts.
Float Account Statement¶
Detail monetary movement of your float accounts can be retrieve by calling float account statement api.
Source Of Fund (SOF) Request¶
In order to meet the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance requirements, we may need your support in providing source of fund (SOF) documentation to our regulator. When the time comes, we will notify such request to you via the Webhook and you can supply the documentation via upload SOF request.
Card Issuing¶
You can create virtual card once the cardholder pass the KYC verification without needing the identification document, physical card can be issued when the cardholder pass the FDD verification.
There are limitation on number of cards (both virtual and physical) be issued to a registered cardholder, please contact us to find out more.
Virtual Card¶
There are two types of virtual card you can create for verified card holder:
- One-time use
- Subscription use
The spending limit of one-time use virtual card must be supplied in create virtual card request and this card is good for a single online transaction.
For subscription use virtual card, spending limit and maximum number of use are required in create virtual card request ; this virtual card will be invalid once either restriction are met.
Virtual card creation is instantaneous, the full card details will be returned in successful api request call. The virtual card does not require activation, it is ready to use once you have the virtual card details.
Physical Card¶
Shipping address is required when creating a physical card, this shipping address will be recorded and it be the default shipping address for a card holder in the subsequence card delivery. When you need to ship a card to a new shipping address, send create physical card request with updated address to update our record.