Page 1 of 1

Extension to create electronic payment transactions

Posted: Thu Mar 27, 2014 1:49 pm
by jwallace
Is there an extension/module/api available to generate electronic payment transactions?

Since there are no routing/account-numbers in the cyclos database, how do the actual funds get transferred and the members account balance updated? Cyclos handles and tracks all transactions, but how does it actually generate the payments? For example, I have a checking account at a local bank. I create a payment to another member for $100.00 how is the $100.00 debit from my actual checking account?

Kind Regards,