Overview

Synctera offers Instant Payments to/from non-Synctera issued cards or “External Cards” through partnership with TabaPay.
In these payment scenarios, you act as the merchant and can either initiate an Instant Account Funding (PULL) or an Instant Push to Card (PUSH).

Instant Account Funding

• Also referred to as Account Funding Transaction (AFT)
• Is a PULL from an external card to fund an account on the Synctera platform
• Can be done through card-on-file or through Apple Pay or Google Pay
• Can be reversed

Instant Push to Card

• Also referred to as Original Credit Transaction (OCT)
• Is a PUSH or a payout from an account on the Synctera platform to an external card
• Can be done through card-on-file
• Cannot be reversed, i.e. are irrevocable

Supported card types and use cases

• Both PULL and PUSH are supported for:
  • Consumer and commercial cards
  • Me-to-me transfers only - an MSB (Money Services Business) licence is required for other scenarios, such as P2P and B2B
  • Domestic Visa and Mastercard Debit cards - Credit card support may be available upon request

Added security through tokenization

Instant payments through card-on-file and through Apple Pay / Google Pay utilize tokenization for added security. Through this process, sensitive cardholder data is converted into a token to protect it from being accessed in the event of a data breach or unauthorized exposure. This process is similar to encryption, which obscures data to make it unreadable.

With card-on-file, the card is tokenized through an iFrame and then added as a card-on-file for the customer using the card token. The card token can then be used for initiating payments.

With Apple Pay / Google Pay, the customer adds the card to their Apple or Google Wallet, and a payment token is generated for each payment.

This guide will explain these tokenization processes and how to initiate a PUSH/PULL payment.
See External Cards API for more details.

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Onboarding

To get setup for Instant Payments with External Cards, please reach out to your Synctera implementation representative.