Wise Payments LTD

Owned by Adam Pretlove (Unlicensed)
Last updated: Sept 05, 2024 by Praveen Ponnumony
OB Standards

This Section applies to ASPSPs that have implemented OB Standards

-Have you Implemented OB Standards?
  • Yes
  • No

Open Data - Which version have you Implemented?
  • None
  • V2.2
  • V2.3
  • V2.4

Read/Write API Specification Implemented or planning to implement

(Lowest version = Current, Highest version = Planned)

  • V3.0
  • V3.1
  • V3.1.1
  • V3.1.2
  • V3.1.3
  • V3.1.4
  • V3.1.5
  • V3.1.6
  • V3.1.7
  • V3.1.8
  • v3.1.9
  • v3.1.10
  • V3.1.11
  • V4.0

Read/Write API - Which date are you planning to implement your latest version?

Have you implemented v4.0 information flows, if not date planned to Implement?

  • Already Implemented
  • Planning to implement
  • Not planning to implement 

Dynamic Client Registration - Which version have you Implemented or planning to implement?

(Lowest version = Current, Highest version = Planned)

  • None
  • V3.1
  • V3.2
  • V3.3

DCR - Which date are you planning to implement your latest version?

Have you implemented Trusted beneficiaries, if not date planned to Implement?

  • Already Implemented
  • Planning to implement
  • Not planning to implement 

Have you implemented Reverse Payments, if not date planned to Implement?

  • Already Implemented
  • Planning to implement
  • Not planning to implement 

Have you implemented ECA Standard?

  • Already Implemented
  • Planning to implement
  • Not planning to implement 

ECA Implementation details


Contact: [enter contact details for the relevant person(s) at your organisation]

[You can use this space to provide your status with respect to the Standard]

Have you implemented Bulk/File Payments?

  • Already Implemented
  • Planning to implement
  • Not planning to implement 

Have you implemented VRP – Sweeping, if not date planned to Implement?

  • Already Implemented
  • Planning to implement
  • Not planning to implement 

Have you implemented VRP non-Sweeping, if not date planned to Implement?

  • Already Implemented
  • Planning to implement
  • Not planning to implement 

Contact: [enter contact details for the relevant person(s) at your organisation]

[You can use this space to provide implementation details relevant to VRP]
PISP - Single Payment Limit£
PISP - Daily Payment Limit£
How many months of transaction do you provide?No Limit

From the 11th of December 2023 we are changing the way our /transaction API  behaves:
  • It will return only up to three months/90 days worth of transactions if the related consent was created more than 90 days ago.
  • No limit if the related consent was created less than 90 days ago.

Have you implemented TRIs (Transactional Risk Indicators), if not, date planned to Implement?

What is your approach to Implementing TRIs?
  • Accept payload with TRI fields – Process all fields
  • Accept payload with TRI fields – Ignore all fields
  • Reject payload with TRI fields – Error back to TPP
  • Accept payload with TRI fields – Process few fields (Provide list of accepted fields)  

SCA-RTS 90-day reauth Implementation

Which date are you planning on implementing the SCA reauthentication exemption?


Live, note that we have different limits depending on the user address:
  • For users having a UK address in their profile the upper SCA re-auth limit is 365 days. (used to be 90 days)
  • For users having a EU address in their profile the upper SCA re-auth limit is 180 days. (used to be 90 days)

What is your approach to token management to enable application of the reauthentication exemption? (see link to FCA guidance)


We're going along the route of Option 1 outlined by OBIE https://www.openbanking.org.uk/wp-content/uploads/3.1.10-Consultation-Summary-Paper-20220222.pdf

Issue a long-lived refresh token during upcoming SCA check. The actual lifetime of this refresh token is 365/180 days max. 

Article 10A - Endpoints exempt of SCA-RTS

  • Accounts

  • Transactions (90days)

  • Balances

  • Standing orders

  • Direct debits

  • Beneficiaries

  • Products

  • Offers

  • Parties

  • Scheduled Payments

  • Statements


Article 10A - Endpoints not exempt of SCA-RTS

  • Transactions (more than 90days)

  • Standing orders

  • Direct debits

  • Beneficiaries

  • Products

  • Offers

  • Parties

  • Scheduled Payments

  • Statements


Article 10A - Maximum time period after authentication
Please specify the time period in minutes
SCA-RTS implementation status (updated by OBL PS team only)


Planned / In-progress / Implemented / TBC
Security Profile


-Which Security profile have you Implemented or planning to implement?

(Lowest version = Current, Highest version = Planned)

  • OB Security Profile (Legacy)
  • FAPI (ID2)
  • FAPI 1 Advanced
  • Other (Please define) 

Security Profile - Next Planned Version Implementation Date

CIBA Profile - Implemented or planning to implement

(Lowest version = Current, Highest version = Planned)

  • None
  • CIBA
  • CIBA FAPI Profile
In review
CIBA Profile - Next Planned Version Implementation Date

Security Profile Certification date?
 

Token Endpoint Authentication Methods Supported
  • client_secret_post
  • client_secret_basic
  • client_secret_jwt
  • tls_client_auth
  • Private_key_jwt

Planned date to Cease support for client id and client secret token endpoint authentication

POST-BREXIT POST TRANSITION - Certificates Accepted (from 1st Jul 2021)
  • eIDAS QWAC
  • eIDAS QSealC
  • OB legacy (obtransport, obsigning)
  • OBWAC
  • OBSeal
  • Other (Please define) 


Customer Journey

-What is your approach to Implementing OBL Customer Experience Guidelines (CEG)?

(tick all that apply)

  • Already Implemented
  • Planning to implement or upgrade
  • Not planning to implement CEG

Which version have you implemented or planning to implement?

(Lowest version = Current, Highest version = Planned)

  • V3.1.2
  • V3.1.3
  • V3.1.4
  • V3.1.5
  • V3.1.6
  • V3.1.7
  • V3.1.8
  • v3.1.9
  • v3.1.10
  • V3.1.11
  • V4.0

Which date are you planning to implement your latest CEG version?

Redirection Model
  • App to App redirection
  • Decoupled authentication
  • Embedded Flow
  • Bespoke User Journeys
In review
PSD2
-Which Directory are you using as your Trust Framework?Open Banking
Are you caching the Directory?No
Transaction IDs SupportedYesUnique and immutable transaction ids in the TransactionId field

Are you Seeking Fallback Exemption?

  • Yes
  • No


Article 10 - Maximum time period after authentication90 days
Article 10 - Endpoints exempt of SCA

None at the moment. Up for re-evaluation. 


Major Milestones v3.1.1 AISP / CBPII
 v3.1.1 PISP
 eIDAS Support
Brand(s)

ASPSP Dev Portal and Contact Details

Location of Well Known Endpoints

https://transferwise.com/openbanking/.well-known/openid-configuration

Modified Customer Interface URL (if applicable)



Dev Portal URLhttps://api-docs.transferwise.com/guides/open-banking
Test Facility URL
The details about our test sandbox can be found at the url below:
https://api-docs.transferwise.com/guides/open-banking#sandbox-access
Brand Landing Pages URL
When showing the Wise logo feel free to use any of the following:
https://wise.com/public-resources/assets/brand/round_logo_medium.png
https://wise.com/public-resources/assets/brand/round_logo_large.png

ASPSP Support Desk Email or Phone Number

(including queries about consent success rates) 

openbanking@transferwise.com
Key Implementations

High Cost Credit

Transferwise - HCC.xlsx