Programs
Your initial agreement with Paynetics includes a definition of how you intend to use Paynetics services. This includes types of products, limits etc.
What is a program in Paynetics?
A program is configured by Paynetics and is used as a term that refers to a set of rules used for account and card creation as well as management. It bundles products, fees, BIN ranges and risk policies, and every merchant or natural person you onboard is attached to one.
The program configuration allows for a wide range of settings:
All accounts have one primary (main) balance that can be set in one of Paynetics' supported currencies.
Paynetics supports multiple secondary balances that can be set in the preferred supported currency.
Based on the settings, accounts can have one IBAN linked to the primary (main) balance or multiple IBANs for each secondary balance.
KYC requirements
Each program comes with configurable KYC onboarding requirements settings. Some programs may require KYC verification for natural persons. This is set up depending on the initial agreement.
Card settings
Paynetics offers plastic and virtual card issuing, which can be enabled via the available configurations in the program.
Cards can be configured to have enabled/disabled card push provisioning for Apple pay and Google pay wallets.
The program specifies the processor and the default limit and fee groups for it. Other configurations include direct issuing and the max lenght of the name on cards.