The POST /api/fundsMovement/v2/BetweenAccounts method enables users to transfer funds securely between different financial accounts. This API supports transferring money between a user's own accounts or between a user's account and another account, with added security through OTP (One-Time Password) authentication.
Purpose:
This API method ensures secure and efficient transfer of funds between accounts, leveraging OTP authentication to enhance security. It is designed to facilitate transfers while ensuring user authorization and compliance with security protocols.
Response:
Upon successful transfer, the API returns a response confirming the transaction details, including a unique transaction ID and status.
Key Features:
- OTP Authentication: Adds an additional layer of security by requiring users to authenticate the transfer using a one-time password (OTP), ensuring that only authorized users can initiate the transaction.
- Flexible Transfers: Supports transfers between the user's own accounts or between different financial accounts, providing flexibility in managing funds.
- Tracking and Confirmation: Provides a unique transaction ID and confirmation number for each transfer, allowing easy tracking and reconciliation of transactions.
- Secure and Efficient: Ensures secure processing of transfers with minimal delays, making it ideal for managing both regular and urgent fund movements.
Summary:
The POST /api/fundsMovement/v2/BetweenAccounts API method is a secure and efficient way to transfer funds between accounts. It incorporates OTP authentication for enhanced security and provides users with clear transaction tracking through confirmation numbers and transaction IDs. This API is ideal for users who need to move money between their own accounts or make transfers to other accounts while maintaining strict security protocols.