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KYC Verification

How a cardholder’s identity is verified — and whether FYATU verifies it at all — is determined by your business’s KYC mode. Every business is assigned one of three modes:
Compliance eligibility for Shared and Minimal. Both modes move KYC responsibility onto you, so they are gated behind a due-diligence review. To qualify, your business must perform full identity verification (KYC) on every cardholder — either in-house or through a recognised KYC provider such as Onfido, Sumsub, Didit, or Persona — and be able to evidence it on request. Contact FYATU through your dedicated Slack channel to apply.

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Managed (default)

FYATU verifies every cardholder before a card can be issued — the cardholder is not usable for issuance until kycStatus reaches ACCEPTED. There are two ways to complete it:
  • Self-service — the cardholder verifies themselves via a hosted link (POST /cardholders/{id}/kyc/session). Best for consumer-facing products where the end user is present.
  • You submit documents — send the cardholder’s document URLs (POST /cardholders/{id}/kyc, or a kyc object at creation) and FYATU verifies them.

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Shared

For businesses that already KYC their own cardholders and want to reuse that work. You submit the document URLs you already hold and FYATU runs a background verification on each submission — cardholders are not pre-approved; every one is checked before it reaches ACCEPTED. Requires completing FYATU’s Shared KYC onboarding (see the compliance eligibility note above). A one-time activation fee of $950 enables the mode for your business. You can also submit documents at cardholder creation by including a kyc object in POST /cardholders.

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Minimal (No-KYC)

FYATU waives its own KYC for your cardholders: every cardholder you create is set to kycStatus: WAIVED and can be issued a card immediately — no verification session, no document submission, no FYATU review. In exchange, you are fully responsible for KYC and AML on every cardholder (in-house or via a KYC provider — see the compliance eligibility note above). Minimal is a paid add-on on Enterprise / Premium plans, billed as a recurring monthly fee of $950.
Under Minimal you never call the KYC session or document endpoints — cardholders are usable the moment they are created. If you send KYC documents for a Minimal business they are accepted but not required.

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KYC status flow

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Fees

  • Managed — charged only when a verification succeeds; added to your monthly invoice and never charged on failure, abandonment, or expiry. The per-verification rate is set by your plan.
  • Shared — a single activation fee to enable the mode for your business.
  • Minimal — a recurring monthly add-on on Enterprise / Premium plans.

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Webhook Events

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Endpoints