Manage Beneficiaries

  Unfortunately, the product documented here is currently only available in English.

The Trust Payments MPA Portal allows you to create and manage beneficiaries. The beneficiary currency and country define the default payment method. The country field also dynamically drives the account input fields. For example, a European Country would result in IBAN/BIC input fields while the US would show Account and SWIFT input fields.

 

IBAN.com Integration

The Trust Payments MPA Portal has integrated the IBAN.com IBAN Checker. IBAN (International Bank Account Number) validation through control digits is used as an effective way of reducing failed transactions when processing international and domestic payments.

Additionally, our system can identify the Bank Identifier Code (BIC) for the respective bank and branch. By verifying the correct BIC code in combination with a valid IBAN, you can ensure effective routing of the payment to the recipient bank.

 

Secure Customer Authentication (SCA)

When saving a new or edited beneficiary, you are sent a 4 digit One Time Password (OTP) which you will need to enter in order to complete the process. The OTP is sent to your registered mobile phone number. This process is part of the overall solution for PSD2 compliance.

 

Add a beneficiary

  1. To add a beneficiary, sign in to your Trust Payments MPA Portal and click "Payments" from the navigation on the left.


  2. You will be displayed a list of recently-processed payments. Click the "Beneficiary list" button in the top right.

    mpa-paymentsbeneficiaries-1801-01-en.png


  3. You will be displayed a list of existing beneficiaries (if applicable). Click the "New beneficiary" button in the top right.

    mpa-paymentsbeneficiaries-1801-02-en.png


  4. Type in the required information and click "Continue" when done.

    mpa-paymentsbeneficiaries-1801-03-en.png


 

View beneficiaries

  1. To view existing beneficiaries, sign in to your Trust Payments MPA Portal and click "Payments" from the navigation on the left.


  2. You will be displayed a list of recently-processed payments. Click the "Beneficiary list" button in the top right.

    mpa-paymentsbeneficiaries-1801-01-en.png


  3. You will be displayed a list of existing beneficiaries. If required, you can filter the entries displayed by clicking the "Filter" button in the top left, or sort the beneficiaries by name, date or currency using the "View by" drop-down in the top right.

    mpa-paymentsbeneficiaries-1801-04-en.png


  4. Click a beneficiary from the list to view associated details. From here, you can pay the selected beneficiary by clicking "New payment" in the top right.

    mpa-paymentsbeneficiaries-1801-05-en.png

 

Delete a beneficiary

  1. To delete an existing beneficiary, sign in to your Trust Payments MPA Portal and click "Payments" from the navigation on the left.


  2. You will be displayed a list of recently-processed payments. Click the "Beneficiary list" button in the top right.

    mpa-paymentsbeneficiaries-1801-01-en.png


  3. You will be displayed a list of existing beneficiaries. If required, you can filter the entries displayed by clicking the "Filter" button in the top left, or sort the beneficiaries by name, date or currency using the "View by" drop-down in the top right.

    mpa-paymentsbeneficiaries-1801-04-en.png


  4. Click a beneficiary from the list to view associated details. From here, you can delete the selected beneficiary by clicking the    icon in the top right and then "Delete" from the drop-down.

    mpa-paymentsbeneficiaries-1801-06-en.png

  If a beneficiary with scheduled or recurring payments is deleted, these payments are cancelled.

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