Release Notes houses updates to WePay’s API and other products/features.
|Version||Date Introduced||Upgrade Guide|
Update to Required Emails
Clear partners can now use KYC iFrames rather than building out KYC UIs. This alleviates partner effort in developing to regulation with regards to KYC collection, and also removes the need for a partner’s servers to interact with PII data.
Update to CIP/KYC Certification
- KYC collection sample UIs
- New sole proprietor and individual requirements
- Removal of FinCEN information
- Changed requirements for controller information, government identification number, and merchant entity type
It is recommended to review this certification to ensure that any previous development is still in compliance.
Platforms integrating with WePay can now leverage test KYC credentials in the stage environment.
Update to Card Network Rules Certification
Added a new recommendation in addition to the 12 transaction receipt data requirements.
Guide to Recurring Billing
Recurring billing allows for subscription payments, monthly donations, and other interval-based payment use cases. While WePay supports platforms which rely on recurring billing, platforms must build the infrastructure and manage recurrence.
MIC+ Limited Launch
MIC+ is available for select platforms. MIC+ allows for cheaper processing by billing exact fees as opposed to using a generic all-encompassing fee.