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Flow Release Notes | Version 3.3.0

December 19th, 2024 by Akhil Halgeri

In our ongoing efforts to enhance the user experience and streamline our processes, we are constantly working to improve our v3 payments stack so that it exceeds client expectations. This time around, we have improved on a few key items that focus on enhanced client experience and introduced new features.

UPI

  • Hold/Auto refund functionality: Introducing our new ON_HOLD/AUTO-REFUND validation flow for UPI collections, designed to enhance transaction management. This flag allows clients to seamlessly handle ad-hoc transactions by automatically assessing payment statuses and determining whether to place transactions on hold or initiate refunds based on predefined configurations. Experience greater control and efficiency in your payment processes with this robust functionality!

ENACH

  • Fetch live banks: Introducing our new API that dynamically lists banks with active ENACH services, enabling seamless user authentication through Aadhaar, debit card, or net banking methods. This feature enhances user experience by providing real-time access to available banking options.

Learn more about our ENACH stack here


Merchant Dashboard

  • E-Collect via Dashboard: The Merchant dashboard now support all E collect capabilities including creating virtual account, fetching VA details, viewing all the transactions of a virtual account. For more info, please log into www.merchant.decentro.tech
  • Bulk upload: The Merchant dashboard now boasts the newly added bulk payment link/dynamic QR feature. The clients can now creating payment link in bulk by uploading a single csv in the input. Apart from regular callbacks, client can also see each transaction's details on the dashboard
  • MIS report: The clients can now start receiving updated MIS reports of all their transactions via a click on the dashboard. The clients can choose the custom time range and the consumer and the system will propagate the MIS reports to their inboxes with the corresponding transaction details.

Split Settlements for UPI Collections on Production

Introducing split settlements: It is the process of performing settlements to multiple settlement accounts and specifying the amount that must be split across each account. The platform can specify the split rules on how much they would like to split for each settlement account and when the settlement takes place, Decfin will perform settlements to each settlement account as per the split rules.

For what type of collections can I perform split settlements?

Currently, split settlements are available for UPI collections only. Further Implementation will be taken for NACH and Virtual Account.

For more information, please refer to the following documentation

Product Documentation: https://docs.decentro.tech/docs/overview-split-settlements
API Reference: https://docs.decentro.tech/reference/manage-split-settlements