Creating scheduled payments

Further reading on how to create scheduled payments with Yapily.


Introduction

Scheduled payments are payments which the user can configure from an Institution to pay an entity at a future date. It is possible to create either domestic or international scheduled payments provided that the Institution supports either of the following features in the feature array:

  • CREATE_DOMESTIC_SCHEDULED_PAYMENT
  • CREATE_INTERNATIONAL_SCHEDULED_PAYMENT
Note

Open Banking only provides the means to send the payment initiation request to the Institution so it is not possible to modify or cancel a scheduled through Open Banking, nor is it mandatory for banks to provide confirmation of the whether the payment was successfully credited to the creditor's account.

Domestic Scheduled Payments

A scheduled payment can be created by specifying all the mandatory properties of a Single Payment along with the following paymentRequest properties:

  • paymentDateTime (mandatory) - Specify the date of the future-dated payment

International Scheduled Payments

While rarely supported by every Institution, if the CREATE_INTERNATIONAL_SCHEDULED_PAYMENT feature is available, it is possible to make international scheduled payments.

In addition to the properties required for a domestic scheduled payment, you must specify the additional properties required for an international payment.