October 2024 Changelog
Blog post from Basis Theory
The quarter began with the release of Token Intents and Bank Verification Enrichment, alongside several webhook and portal improvements. Token Intents are short-lived resources that accept card details, including CVC, from Elements and allow merchants up to 48 hours to authorize a card before creating and storing a vault token; successful authorizations can be converted into PCI-compliant tokens without CVC, while unsuccessful attempts expire automatically. This approach can help merchants manage processor downtime and avoid storing invalid card information. Bank Verification Enrichment validates whether bank accounts exist and can be charged for ACH pay-ins or payouts, supporting use cases such as marketplace disbursements, fintech payments, and subscription billing. Additional updates include email alerts for disabled webhooks, Terraform support for webhook creation, more specific HTTP header logs, and small portal usability fixes for MFA.
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