added
February '24 updates: Instant Payment optimization, Cancel Transfers, and Book Transfers
6 months ago by Marcus,Charles
This Changelog post details the updates made to the Newline Platform in February, 2024.
What we launched
- Released our cancel a Transfer endpoint, which now allows for quick error resolution before payment execution!
- Updated our docs to include the
book_transfer
payment rail, which allows for quick payments between Customer-managed, liabilitygeneral
Synthetic Accounts.
What we improved
- Optimized our Instant Payments eligibility check flow to reduce the total time for payment execution by 70%.
Why these matter
- Optimizing our Instant Payments flows supports Client use cases where quick counterparty eligibility and Transfer execution are necessary to their business case; for example, micro-credits and debits as a form of Account Validation.
- Enabling a cancel Transfer function empowers Clients to quickly resolve incorrect or invalid payment submissions to Newline, preventing downstream error handling or network errors.
- Book Transfers allow Clients and Customers to easily move assets between their accounts on Newline, making our platform flexible to both originated Transfers that have internal or external impact.