The POST /api/fundsMovement/v2/PayeeTransfer method enables users to initiate secure and efficient fund transfers to a designated payee account within the banking system. This API ensures that money is transferred from the user's account to the payee's account with the necessary validation and security measures in place.

Purpose:

This endpoint is designed to facilitate fund transfers between a user's account and a payee's account. It ensures that the transaction is securely processed and completed, providing a reliable way to manage payments to other individuals or businesses.

Response:

Upon successful initiation, the API returns a confirmation with details of the transfer, including the transaction ID, status, and payee account information.

Summary:

The POST /api/fundsMovement/v2/PayeeTransfer API method is a secure and efficient way to transfer funds to payee accounts within the banking system. It allows users to send payments for personal transfers, or business transactions, with the flexibility to specify transfer dates and include transaction descriptions. The API ensures secure processing and provides users with the necessary confirmation and tracking information to manage their fund transfers effectively.