Yes. For use cases that require a date of birth(DOB)verification confirmation prior to a payment settling, you can use a TrueLayer suspense account. The suspense account is an intermediary e-money account in TrueLayer’s name, where the funds will sit until TrueLayer verifies the user’s details. This means that you will only be credited with the funds once the user’s details have been successfully verified.
It also removes risk by ensuring that you will not have access to funds received by TrueLayer from third-party payers.
Comments
0 comments
Please sign in to leave a comment.