Participant Responsibilities
Enable IC sending partners to submit corporate salary payment transactions via IC REST API (V2), allowing corporates to efficiently disburse employee salaries across IC payout corridors while leveraging IC's compliance, routing, treasury, and payout infrastructure. The process supports both B2C salary payments and aligns with the broader V2 unified payment framework.
Corporate Customer
- Maintains relationship with the sending partner.
- Provides employee salary details and funding instructions.
- Ensures accuracy of beneficiary data and payroll information prior to submission.
Sending Partner
- Onboards the corporate customer.
- Performs corporate KYC, due diligence, and compliance checks.
- Collects salary payment instructions.
- Funds the salary batch.
- Submits salary transactions to IC via V2 REST API (/v2/transactions/initiate).
- Handles idempotency and ensures proper request structuring as per V2 schema.
Instant Cash (IC)
- Receives B2C salary transactions via V2 APIs.
- Performs transaction validation and schema checks.
- Executes AML/Sanctions screening and compliance controls.
- Routes transactions through the optimal payout corridor.
- Processes transactions via the selected payout partner.
- Credits beneficiary accounts/wallets and generates status updates/webhooks.
Beneficiary Employee
- Receives salary through the selected payout channel.
- Receives payout confirmation and transaction status updates.