FAPI WG Meeting Notes (2018-12-11)
Date & Time: 2018-12-11 23:00 UTC
Location: GoToMeeting https://global.gotomeeting.com/join/321819862
The meeting was called to order at 23:__ UTC.
- Attending: Nat, Bjorn, Ed, Brian and Anoop
- Added Banking schema questions on deposit/Withdrawal (Nat).
- Trading API Schema - help from Nat to connect with team and Next steps . [Anoop to follow up offline]
- Banking Schema - Question around deposit/withdrawal (ATM & prepaid card).
Complex requirement to process money movement cash. - Both banks/entities needs to belong to a payment supported network such as VISA/MasterCard/SWIFT/CUNA etc. - There are prepaid card supported such as Paypal or Venmo or Amazon card. Customer have to associate one of the bank account and that gets validated ACH (Clearing house - NACHA). Customer will then transfer from bank link account to prepaid card of Paypal/Venmo card. In background, PayPal/Venmo creates ACH file.
- FS-ISAC DDA - Discuss Liasion Request with FS-ISAC/FDX [Anoop to follow up with FS=ISAC team on Liasion agreement]