A2A: Loading consumer accounts using RfP

Don't make users wait for slow ACH loads or take settlement/fraud risk by making funds available before they are good. Collect good funds instantly with RfP using Trice APIs today!

Use case: Load a consumer account (or wallet) from their bank account instantly and irrevocably.

Requirements

1. Your business has a Trice account in good standing. Email [e-mail] to get started.
2. Your Trice account has the following capabilities enabled:
   1. rtp_rfps: this enables your account to send RfPs. To qualify for this capability, Trice reviews your use case to ensure it is allowed by the network and our program.
   2. party_underwriter: this enabled your account to verify parties, which is required for this use case. To qualify for this capability, Trice reviews your KYC process.
3. You have a way to verify bank account ownership (i.e. does the bank account belong to the individual who presented it?). There are several ways to verify account ownership:
   1. You use your own provider (like Plaid, MX, Akoya, Finicity, or other provider)
   2. You use our provider (ask us for more details)
   3. You use use our APIs to send micro-deposits
   4. You have history with this customer and want to explore other options with Trice
4. You have an approved RfP presentment with use_case=account_to_account (Trice will help you with this)
5. You have the ability to make the funds instantly available to your consumer. When the RfP is paid, the funds are settled to the Trice-provided account instantly. If you need the funds to be sent elsewhere (i.e. another provider or bank), use one of the following options:
   1. RTP/FedNow: send funds elsewhere in real time.
   2. Daily wire: Trice can wire funds to another account.
   3. ACH (including same day): Trice can ACH the funds to another account (planned for Q1 2025)
6. You educate the end user on what to expect.
7. (optional) since RfP reaches ~30% of US accounts today, you probably need a way to ACH debit consumer accounts that do not support RfP yet (not supported by Trice at this time) . We expect to see RfP adoption grow to 60% by mid-2025.

Code:

python

# setup: get an access token

# setup: check your account, capabilities, and RfP presentment

# setup: (optional) register a webhook URL to get updates about the RfP in real time

# check if the bank RTN support RfP

# create a party

# send the RfP