Product Updates — Q2 2024

Components are prebuilt UI libraries that require minimal code, letting platforms integrate faster with Adyen.

• The Transactions Overview component lets users filter and view a list of transactions and specifies the date, type, payment method, and amount of each transaction.

• The Create and Manage Transfer Instrument component lets users add information about their bank accounts (transfer instrument) and give permission for verification, lets users delete bank accounts, and lists all bank accounts with their corresponding verification statuses and error messages.

We've increased speed with new banking connections in the US (direct FedACH connection) and the UK (direct Faster Payment System integration), next to our direct EU Banking Connection (including SEPA instant).

• As a licensed bank in the EU, UK, and US, we rely on our own infrastructure and direct connections to increase payout speed, flexibility, and reliability.

• Our direct connection to FedACH increases flexibility with much later payout cut-off times compared to cut-off times dependent on partner banks.

• Our direct connection to the UK's Faster Payment System reduces payout speed to seconds for fast and instant payouts.

Cash Out enables user initiated, instant payouts of pending funds.

• Platforms configure the pay-per-use pricing fee, allowing for product monetization.

• Available 24/7, users can be paid out to an Adyen account or an external bank account.

• No additional KYC information required.

• User decides when and how much to cash out.

Cash Out is currently in pilot phase. If you are interested in piloting Cash Out, reach out to your Adyen contact.