Monoova Automatcher (Bank Account Receivables) API

Overview Having customers paying you by bank transfer might be easy for your customers but contains a reconciliation risk for you. If your customer mistypes or forgets the reference to go with the payment, you might not know whom the payment is from. Orphaned transactions can be challenging and costly to handle. The solution is our receivables API. We allow you to assign a specific account number to each payer so you know for a fact where the received funds originated, regardless of whether they remembered to type the reference. Specifically, the bank-account receivables APIs allow the creation and maintenance of bank account numbers for the purpose of receiving and reconciling funds via direct credit. Once an account number is created, payments may be made via any banking institution in Australia to the BSB and account number provided by us to you. These account numbers can be toggled active/inactive and linked to a client provided unique ID. Once a transaction is received, Monoova provides reporting on the details of each item, and makes the funds available for disbursement in your Sign-in mAccount. Authentication is the same as for the rest of Monoova’s APIs.