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Velo Payments APIs

## Terms and Definitions Throughout this document and the Velo platform the following terms are used: * **Payor.** An entity (typically a corporation) which wishes to pay funds to one or more payees via a payout. * **Payee.** The recipient of funds paid out by a payor. * **Payment.** A single transfer of funds from a payor to a payee. * **Payout.** A batch of Payments, typically used by a payor to logically group payments (e.g. by business day). Technically there need be no relationship between the payments in a payout - a single payout can contain payments to multiple payees and/or multiple payments to a single payee. * **Sandbox.** An integration environment provided by Velo Payments which offers a similar API experience to the production environment, but all funding and payment events are simulated, along with many other services such as OFAC sanctions list checking. ## Overview The Velo Payments API allows a payor to perform a number of operations. The following is a list of the main capabilities in a natural order of execution: * Authenticate with the Velo platform * Maintain a collection of payees * Query the payor’s current balance of funds within the platform and perform ad

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