February Product update
Our product blogs summarise the top features that we have released over the month. For the month of February, we continue to work towards bringing greater visibility to help you monitor your payment status and reduce GBP transfer failures.
👀 Payment Tracking Link Enhancement
A payment confirmation email will be consolidated and sent to Business Admins of the account for greater visibility on all payment initiation. Business Admins will also receive the payment tracking link to share with your payee to keep them in the loop.
The payment confirmation page, transaction details page, payment status descriptions, and payment tracking link email to payee have all been improved as well. Our FAQ page has been updated to provide meaning to the payment statuses.
💷 GBP Sort Code Validation
Sort code is a mandatory field to send GBP payments. From now on, when you enter IBAN, the system will automatically extract the 9-14th digits of IBAN as the sort code. Please note that to reduce payment failure chances, the sort code will not be prefilled if the 9-10th digits of the IBAN are 00, which is invalid.
What to expect for next month?
Our new company card feature will be released on 28 Feb, which aims to help admin users better manage company expenses by categorising their expense nature. Our Neat account to Neat account payment transfer will also be launched in the coming month. Stay tuned!