Overview
Fincra Agency Banking
What is Agency Banking?
Agency Banking means engaging Merchants to provide banking services to the customers of a bank or financial institution on behalf of that bank or a financial institution under a valid agency agreement/ License per the Agency Banking Guidelines.
What are Cash-Out Services?
Cash-out in a simple term means Money Withdrawal. Fincra Agency Banking Cashout service withdraws money from customers’ accounts via their cards. Afterwards, the agent pays the same amount to the customer in cash.
This documentation will provide comprehensive information on how to successfully integrate Fincra’s cashout services with your web and mobile applications.
Process Flow
Step 1: Sign In
Step 2: Extract and Encrypt card data
Step 3: Initiate Cash Out Transaction