You can create a card for customers who have passed either the KYCKYC - Know Your Customer. A standard banking risk assessment practice to prevent identity theft, money laundering, fraud, and terrorism by verifying customer identities and understanding their transaction habits. KYC is a mandatory requirement of legal compliance in the financial sector. verification. For details, see Know your customer.
cards API is used to create a card and manage cards for your customers. Creating a card generates a
card_id (unique ID that identifies the card) and a
card_account_id (unique Bond ID for the card account).
Once a card is created, you can manage the card, for example, close and reissue the card. Part of managing a card is changing its status to
stolen, and so on.
A card (
card_id) and its card account (
card_account_id) are closely coupled but logically distinct, the difference being in what is being managed. The card ID contains information about the actual card, while the card account ID stores broader account information, such as:
- The KYC provider
- Whether it is a debit/credit program
- The card processor
- The BINBIN - Bank Identification Number. The initial four to six digits that appear on a payment card, identifying the bank or entity that issued the card, that issuer’s location, and the card type (for example, credit, debit, gift). A BIN may also be referred to as an Issuer Identification Number (IIN) provider
A card can be virtual, physical, or dual, which is determined by the
program_id that is provided by Bond based on your requirements. For details, see Card configurations.
A card can be funded from either another card or from an external bank account. To be able to fund a card from a bank account, your customer needs to link the card to the bank account by requesting to link a bank account to their card. The customer then logs in to their bank account and chooses which account to link to the card. The connection between the bank account and the card uses the
card_account_id, not the
Your customer can now transfer funds to and from the card and make purchases.
For a complete specification and interactive examples, see Creating a card in the Bond API Reference.
Updated 3 months ago