Channels

In Falcon, Channels represent the various ways through which financial transactions are initiated, processed, and managed. They serve as the conduits connecting users to the financial ecosystem, enabling functionalities such as card transactions, fund transfers, and more.

Each channel is configured to handle specific transaction types, ensuring that operations are streamlined, secure, and compliant with regulatory standards. By managing channels effectively, businesses can offer tailored financial services, monitor transaction flows, and maintain control over their financial operations.

🌐 Channel Types

Falcon supports a variety of channel types, each designed to cater to specific transaction needs:

Card Transactions:
- Point-of-Sale (POS): Handles in-store purchases using physical cards.
- E-commerce: Facilitates online transactions using card details.
Fund Transfers:
- UPI (Unified Payments Interface): Enables real-time bank-to-bank transfers.
- NEFT/IMPS: Supports traditional bank transfer methods.
ATM Withdrawals:
- Allows users to withdraw cash from ATMs using their cards.
Digital Wallets:
- Integrates with wallets like Apple Pay, Google Pay, PhonePe, and other applications for seamless transactions.

🛠️ Channel Management

Effective channel management is crucial for maintaining operational efficiency and security. Falcon provides tools and APIs to:

Enable or Disable Channels: Activate or deactivate specific channels based on business requirements or security considerations.
Monitor Channel Status: Keep track of the operational status of each channel to ensure smooth transaction processing.
Configure Channel Settings: Customise channel parameters such as transaction limits, allowed transaction types, and more.

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