The Counterparty Assist Screen is a guided flow designed to help users securely submit the necessary information when a transfer involves third-party transfers (the sender is different than the receiver), or self-transfers (where the sender and receiver are the same person but need to verify ownership on a different device).
To initiate the process, the user simply needs to click on "Share the link" and send it to their counterparty. The recipient can then provide the required details securely and efficiently.
Frequently Asked Questions (FAQ)
Q: Does the flow support both incoming and outgoing transfers?
A: Yes, the flow supports both post-deposit (incoming) and pre-withdrawal (outgoing) scenarios involving third-party or self-transfers.
Q: Can the fields collected from users be customized?
A: Yes, customization options are available to meet your specific compliance requirements.
Q: Is proof of ownership mandatory for all transfers?
A: No, Proof of Ownership is only required for certain transfers, depending on jurisdictional regulations. It’s up to your compliance team to configure this requirement.
Q: How is data security handled in this flow?
A: All user information is encrypted both in transit and at rest, following industry best practices for data security and compliance.
For more information, visit our Documentation or reach out to us at support@notabene.id