Requirements for remittance application

[oliverijcm]

Hello friends, I am setting up a project about a remittance application, my programmer needs to know what requirements are needed to be able to send from one country to another what type of APl is used, and what requirements a visa requests to mount a server. I appreciate your support and your support

[API_Products · Accepted solution]

Hey @oliverijcm,

For remittances, I recommend you to take a look at B2B Virtual Account Payment Method and Visa Direct. You can also take a look at our Foreign Exchange Rates API which would be useful for a remittance project, as well. 

The B2B Virtual Account Payment Method can benefit both issuers and their commercial clients as well as third parties organizations. It allows additional functionality to be incorporated into payment flows through the use of automation.  The value of the B2B Virtual Account method includes: 

• Automate payables processing.
  
  • Automatically generate and distribute supplier payment remittances.

For info go here - https://developer.visa.com/capabilities/vpa/overview

Visa Direct supports many different use cases which includes sending remittances. For info go here - https://developer.visa.com/capabilities/visa_direct/docs-getting-started

Also, take a look at the Foreign Exchange Rates which can be very useful whenever you are building a project that requires working with multi-currency or cross-border transactions, such as cross-border remittances or person-to-person money transfers. 

https://developer.visa.com/capabilities/foreign_exchange/docs-getting-started

Besides that, to look at all our available APIs on VDP go here - https://developer.visa.com/apibrowser

[oliverijcm · Accepted solution]

Hi, thank you very much for your response has been helpful, I have another question. visa needs some requirement or specifications for the server that I use

[API_Products · Accepted solution]

Hey @oliverijcm,

You'll need to be able to set up Two-Way SSL on the code running on your server to connect to Visa's APIs.

Here's the Two-Way SSL link - https://developer.visa.com/pages/working-with-visa-apis/two-way-ssl

Here's the blog for architecture - 

community.developer.visa.com/t5/Developer-Tools/Recommended-Architecture-for-Building-Applications/b... 

[JoeCarrow]

Glad to read this discussions. Thanks all