Counterparties
Counterparties represent the entity on the other side of any financial transaction created in the Victor Platform. The Counterparty Object includes nested Objects to contain the relevant bank account information required to complete both ACH and Wire transfers.
Counterparty Object Description
A Counterparty Object within the Victor Platform has the following fields:
Field | Type | Description |
---|---|---|
id | String | Unique identifier of the Counterparty as stored in the Victor Platform |
account_name | String | Name of the Counterparty |
counterparty_id | String | ID of the Counterparty receiving the transfer. Counterparty object must contain ACH details |
created_at | String | Timestamp of when the Counterparty was created |
updated_at | String | Timestamp of the when the Counterparty was last updated |
counterparty-ach-info | Object | ACH-related details of the Counterparty (see ACH Object description below) |
counterparty-wire-info | Object | Wire-related details of the Counterparty (see Wire Object description below) |
counterparty-rtp-info | Object | RTP-related details of the Counterparty (see RTP Object description below) |
ACH Object Description
As a nested Object under the Counterparty Object, the ACH Object has the following fields:
Field | Type | Description |
---|---|---|
account_number | String | Account number of the Counterparty for sending ACH payments |
account_type | String | Type of account, for example Savings or Checking |
routing_number | String | Routing number of the financial institution where the ACH payment will be sent |
Wire Object Description
As a nested Object under the Counterparty Object, the Wire Object has the following fields:
Field | Type | Description |
---|---|---|
account_number | String | Account number of the Counterparty for sending Wire payments |
routing_number | String | Routing number of the financial institution where the ACH payment will be sent |
bank_name | String | Name of the financial institution associated with this wire account. |
address | String | Wire details of the Counterparty's Wire information (see Address Object description below) |
Address Object Description
As a nested Object under the Counterparty Object, the Wire Object has an additional nested Object to represent the Address associated with the Wire account. The Address Object has the following fields:
Field | Type | Description |
---|---|---|
street_address1 | String | Field 1 for the street address associated with the Counterparty's Wire information |
street_address2 | String | Field 2 for the street address associated with the Counterparty's Wire information |
city | String | City associated with the Counterparty's Wire information |
state | String | State associated with the Counterparty's Wire information |
zip_code | String | Zip code associated with the Counterparty's Wire information |
RTP Object Description
As a nested Object under the Counterparty Object, the RTP Object has the following fields:
Field | Type | Description |
---|---|---|
account_number | String | Account number of the Counterparty for sending RTP payments |
routing_number | String | Routing number of the financial institution where the RTP will be sent |
Updated about 2 months ago