2023 Q4 Newsletter

December 18, 2023

  • Wire Transfers now limit the beneficiary_name to 35 characters, the message_to_recipient to 140 characters, and each line of the beneficiary_address to 35 characters.

December 11, 2023

December 04, 2023

  • You can now enroll accounts in IntraFi for higher FDIC coverage.
  • You can now create security incidents in the Dashboard.
  • You can now connect your Increase accounts anywhere Plaid is supported.

November 27, 2023

November 20, 2023

November 13, 2023

  • We’ve added new Transfers , Account Numbers and External Accounts tabs in Dashboard for easier navigation.
  • You can now filter Bookkeeping Accounts, Entities, Account Numbers and Accounts by name in the Dashboard.
  • You can now filter External Accounts and Cards by description in the Dashboard.
  • You can now filter Transfers by date in the Dashboard.

November 6, 2023

  • We’ve exposed new Bookkeeping APIs , Bookkeeping Entries and EntrySets now have their own APIs and new filter parameters.
  • You can now save beneficiary address and name details when creating new External Accounts in the External Accounts tab.

October 30, 2023

  • You can now download account verification letters from Dashboard. This is helpful if you need to demonstrate ownership to a third party.
  • You can now export a CSV of Entities.
  • You can now see which Entry Effective Date was used for an ACH Transfer.
  • You can now pull Bookkeeping Account balances in the API .
  • You can now save beneficiary address and name details when creating new External Accounts in the Money Movement flow for reuse.

October 23, 2023

  • ACH addenda are now visible on the Inbound ACH Transfer object.
  • There is a new verification hash on the card authorization resource that shows the address provided by a customer, the address we match it against, and the result. It also shows the result of the CVC match.
  • We now expose a few more network identifiers on our various card payment-related resources, nested under network_identifiers.
  • We’ve added support for Automatic Fuel Dispenser payments, where the initial authorization will be followed by a card_fuel_confirmation that updates the amount to the actual fuel pump amount.
  • You can now filter the Transfers list in Dashboard.
  • ACH Transfer objects now include an effective_date that tells you which day a transfer was processed.
  • You can now search Inbound Wires by Input Message Accountability Data (IMAD) and Trace Number in the Dashboard.
  • You can now export Bookkeeping balances in the Dashboard.

October 16, 2023

  • We updated our Proof of Authorization flow to be more guided.
  • You can now rename Bookkeeping Accounts in the Dashboard and the API.
  • You can now see the Check Transfer ID on Check Transfer Deposits in the Transactions API.

October 9, 2023

  • You can now filter Transactions by amount in the Dashboard.
  • You can now view Fee Statements by Program in the Dashboard.
  • You can access more Federal Deposit Insurance Corporation (FDIC) coverage to protect your account balances above $250K. Reach out if you’d like to enroll in our Extended Deposit Insurance.
  • You can now see failed scheduled transfers in the dashboard and we will email you if they fail.
  • You can disable notification emails altogether in Settings .
  • There is now a direction field on Card Authorization resources that shows whether it’s a settlement or refund authorization.
  • We fixed a bug where Card increment amounts would sometimes have the wrong signage.

October 2, 2023

  • You can now search for ACH Transfers by Trace ID and for Wire Transfers by Input Message Accountability Data (IMAD) in the Dashboard.
Increase is not a bank. Banking products and services are offered by Grasshopper Bank, N.A., Member FDIC; First Internet Bank of Indiana, Member FDIC; Twin City Bank, Member FDIC; and Core Bank, Member FDIC. Cards Issued by First Internet Bank of Indiana, pursuant to a license from Visa Inc. Deposits are insured by the FDIC up to the maximum allowed by law through Grasshopper Bank, N.A., Member FDIC; First Internet Bank of Indiana, Member FDIC; Twin City Bank, Member FDIC; and Core Bank, Member FDIC. FDIC deposit insurance only covers the failure of the FDIC insured bank.