Collection Hub
Collection Hub from Federal Bank is a unique platform for facilitating Virtual Account-based collections via all leading physical and electronic modes of collections. This platform supports collections via NEFT, RTGS, IFT, IMPS, UPI, Cash and Cheque. This specification document explains the standard set of APIs that must be integrated by Finclips for fetching Customer Name for CTS clearing and CTS Instrument lodging.
APIs
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This API would help fetch the Account number and Customer name from the Collection Hub system to proceed with the CTS clearing basis customer eligibility and business validation checks.
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This API is used to lodge the instrument in CBS when the NPCI confirms for clearing the same.
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