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Changelog

See the latest changes and updates to Method's API.

New Changelog

⛔️ This changelog is no longer actively maintained. Please see our new changelog here.

April 2023​

  • 👩🏻‍🎨 New Element UI: We have revamped the look and feel of all Method Elements to match our upcoming revamp. We'd love to hear what you think!
  • 🤖 GPT4 for Syncs: Revamped our Method Sync product to utilize GPT4 for many internal processes. The result is much higher data quality, improved cadence of syncs, and much higher SLA.
  • 🛰️ Transaction Stream: Real-time transaction data for all credit cards is now generally available. Contact your Method PoC for access!
  • 🧮 Improved Sync coverage: Using GPT4 for Syncs, we will now more quickly onboard long-tail merchants for real-time data updates.
  • 🛡️ Parallel Auth in Auth Element: Non KYC'd end-users will now experience a streamlined and fast onboarding experience using Parallel Auth. Parallel Auth utilizes a fusion of real-time data sources to perform IDV removing the need for Knowledge Based Authentication.

March 2023​

  • ✨ AMEX Support: AMEX is now fully supported across Method Data + Payments for all of our partners.
  • 🤝 Subteam API: Enterprise partners can now create subteams with independent API keys and access controls.
  • 🧾 Daily ACH report: Nightly settlement partners can now retrieve a report outlining the summary of that day's settlement.
  • 🛡 Improved messaging in Element: Messaging and alerts throughout all Method Element is now dynamic and optimized for end-user conversion.
  • 🐞 Bug + Performance Improvements: Squashed many bugs with general performance improvements to the API and Method Sync.

February 2023​

  • 🏎️ Performance month: Focused on improving performance across every Method endpoint! Every endpoint has been optimized for performance, by reducing overhead and unnecessary internal calls.
  • 💸 Balance Transfer Element: Our latest element is now general available to select partners. The Balance Transfer (BT) element combines IDV, account linking, and money movement in one-embeddable component.
  • 🧾 Payment History: Real-time payment history for a liability across all major financial institutions.
  • 🧮 Merchant number formats: You can now see the expected account number format and length within the merchants GET response.
  • 🔎 Improved account search: You can now query for accounts by passing an array of holder_ids.
  • 🕵🏻 Improved KYC & watchlist matches: Fine-tuned our matching algorithms for our non-KYC managed partners to optimize for match-rate & conversion.
  • ✨ Improved merchants lookup API: Improved the fuzzy match logic and performance for the Merchants lookup API call.

January 2023​

  • 🪪 Auth Element for IDV-only: Select partners can utilize Method's Auth technology as part of their onboarding to optimize their own IDV process.
  • 🏦 Expanded traditional coverage: Expanded payment & data coverage for traditional liabilities such as insurance, telecom, etc.
  • 🛰️ New: data_source account flag: Improved visibility on source of liability data per account.
  • 🚨 New: delinquency_status account flag: Real-time visibility on delinquency for a liability across all major financial institutions.
  • 🛡 Improved reliability for auth_session: Method Auth now utilizes redundant data providers optimized for performance, uptime and conversion. No code or UX changes required!
  • 🐞 Bug + Performance Improvements: Squashed many bugs with general performance improvements to the API and Method Sync.

December 2022​

  • ✨ Winter cleaning: Focused on fixing a backlog of issues, improving developer experience, and general quality of life improvements throughout!

November 2022​

  • 🪪 SSN in entities: For our partners managing their own KYC, you can now pass last 4 or the entire SSN when creating / updating an entity.
  • 🧑‍💻 Dashboard CRUD: You can now perform CRUD operations on your Method Dashboard on almost all Method endpints.
  • 🕵️ Intelligent phone verification: Method Auth element utilizes telecom risk signals to prevent account takeover attacks and improve the verification experience.
  • 🗣️ Improved webhook performance: Webhooks are now delivered faster and more reliably.
  • 🐞 Bug + Performance Improvements: Squashed many bugs with general performance improvements to the API and Method Sync.

October 2022​

  • 🏦 Payment Status flag: Accounts now more clearly indicate the supported payment type.
  • 🔄 Method Sync in autopilot: Method Sync can now be utilized either on-demand or nightly opportunist syncs.
  • 🌙 Nightly pull improvements: Improved the nightly funds pull to be more efficient and accurate.
  • 🛡️ Dynamic lockouts: Method Data auth sessions now dynamically lockout based on the number of failed attempts and entity risk level.
  • 🐞 Bug + Performance Improvements: Squashed many bugs with general performance improvements to the API and Method Sync.

September 2022​

  • 🛡️ Consent flow via Method Auth Element: End-users will now be prompted to consent the account's they'll like to share with your app.
  • 📫 Improved Closed Account: Method Sync can now detect accounts that have been closed and will return a closed status.
  • 🏦 Updated Micro Deposit flow: Updated to comply with NACHA's Micro-Entries (Phase 1) rule.
  • 🐞 Bug + Performance Improvements: Squashed many bugs with general performance improvements to the API and Method Sync.

August 2022​

  • 🏦 Payment support All liability connected with Method Data can now be paid using Method Payments. No user interaction or API changes required!
  • 🧮 Interest rate coverage: Interest rate is returned by default for most auto_loan, personal_loan and mortgage liabilities without performing a liability sync.
  • 🏠 Mortgage address: For most mortgage liabilities, the property address is returned by default without performing a liability sync.
  • 🏃 Speed increase: Increased the speed by 50% of an initial liability sync and the speed by 74% of an initial auth_session.
  • 🙋 Improved ownership detection: For most liabilities Method can now detect if the entity is an additional user or joint holder of a liability.
  • 🧑‍🔧 Improved Dev Env: Method Sync can now be fully mocked in Method's dev environment.
  • 🏬 Improved Method Sync: Improved stability and coverage of merchants that supported Method Sync.

July 2022​

  • 🔐 Method KBA: Improved Method Data Auth (auth_session) conversion by utilizing Method's own Knowledge-Based-Authentication flow.
  • 🎛 Expanded liability types: Method Data now returns enhanced data for new liability types including: personal_loan, heloc, collection and credit_builder.
  • 🏠 Improved credit card data: For all credit_card liabilities, Method Sync now returns live data for statement_balance, remaining_statement_balance,interest_rate and more. Improved detection between business, flexible_spending and charge cards.
  • 🏠 Improved mortgage data: For all mortgage liabilities, Method Sync now returns live data for escrow_balance, principal_balance, payoff_amount, payoff_amount_term, interest_rate and more.
  • 🚗 Improved auto loan data: For all auto_loan liabilities, Method Sync now returns live data for payoff_amount, payoff_amount_term, interest_rate, and more. Improved detection for loan vs lease auto liabilities.
  • 🐞 Bug Fixes: Squashed over 50+ bugs as part of Method Data + Sync launch. Thanks to all of our early users for your feedback and support! 🙏🏽
  • 🏬 Expanded Merchant support: Added Method Sync support for over 2,000+ merchants.
  • ✅ Updated client libraries and SDKs: Updated type definitions for Method Sync & Liabilities updates. (docs)

June 2022​

  • 🔄 Method Sync: Introducting our latest data product. With Method Sync, get real-time data for all liabilities. (https://methodfi.com/blog/method-sync)
  • 🎛 Expanded liability data: As part of Method Sync's launch, any liabilities retrieved with Method Data include new fields such as interest_rate, payoff_amount, next_payment_due_date, balance and much more. (docs)
  • ✅ Updated client libraries and SDKs: Updated type definitions for Method Sync and Liability updates. (docs)

May 2022​

  • 🧑‍🔧 Under the hood improvements: We are working on major rearchitecting for an exciting new launch. Thanks to all of our beta testers for your feedback and support! 🙏🏽
  • ✅ Updated client libraries and SDKs: Updated type definitions, and fixed version compatibility bugs. (docs)
  • 🏬 Expanded Merchant support: Added payments and data support for over 1,500+ new merchants.

April 2022​

  • 🔍 Auth Element: Created a new element for entity verification. Get started with this guide. (docs)
  • 💰 Monetize with payment fees: Enable charging a total or markup fee for each payment. Get started with this guide. (docs)
  • ✨ Dashboard improvements: Enhanced overall Method Dashboard experience with improved filtering, additional resource views, and linking of related resources.
  • 🗓️ Payment settlement dates: Enhanced payment response with exact source and destination settlement dates. (docs)
  • 📱 Elements React Native SDK: Created a React Native SDK for Elements. (docs)
  • ⏳ New processing windows: Updated payment processing windows to support three cutoff times (10:30 AM, 1:30 PM, 4:30 PM CST). (docs).
  • ✅ Updated client libraries and SDKs: Updated type definitions, and fixed version compatibility bugs. (docs)
  • 🏬 Merchant improvements and filters: Added merchant search filter (creditor_name), and expanded overall merchant support, and categorization. (docs)
  • 🎛 Improved list endpoint filters: Added acc_id to payment filters, and liability.mch_id to account filters. (docs)

March 2022​

February 2022​

  • 🎛 List endpoint filters: Enable filtering for (payments,accounts, and entities) resources. (docs)
  • 📄 List endpoint pagination: Enable pagination for (payments,accounts, and entities) resources (docs)
  • 💅 Dashboard UI updates: Added an admin-friendly view for payments in all environments at dashboard.methodfi.com
  • 🤖 Add simulation endpoints: Added resource simulation endpoints (/simulate/<RESOURCE_NAME>) to improve overall developer experience in development. (docs)
  • ◀️ Payment reversals: Added a new resource (/payments/:payment_id/reversals) to manage unsuccessful payments that require the balancing of funds. (docs)
  • 🏬 Merchant improvements: Improved overall merchant coverage and categorization (docs)
  • 🛍 Support BNPL payments (coming soon): Enable payments to BNPL (Buy Now, Pay Later) loans from Affirm, Afterpay, and Klarna.

January 2022​

  • ✅ Source verification with Teller: Support source account verification with Teller. (docs)
  • 🔍 Trace IDs: Provide source and destination trace IDs for payments. (docs)
  • 🚀 Add 3000+ new Merchants: Expand overall merchant support. (docs)

December 2021​

  • API errors section: Improved documentation for all API errors (HTTP errors and Resource errors).
  • Resource errors: Added error property to entities, accounts, verifications, and payments corresponding to Resource errors.
  • Merchant improvements: Improved overall merchant coverage and categorization (docs)

November 2021​

  • 🎉 New Website 🎉: New website includes comprehensive details on Method's use cases per industry.
  • Overall brand update: Updated all Method-related UI according to new brand guide.
  • Account statuses: Add support for account-level statuses. (docs)
  • Webhook event: Extended support for webhook events. (docs)
  • Merchant improvements: Extended coverage for merchant logo and types (docs)
  • Estimate payment completion: Estimated payment completion date key on payments resource (docs)

October 2021​

  • 🎉 New Documentation Website 🎉: Revamped the documentation website to be more extensible. Now includes Guides, API Reference, and Libraries.
  • Brand update: New brand guide in progress. Checkout the new logo, and let us know what you think.
  • New API / Elements client libraries: Added support for client libraries method-node, method-python, method-js, and react-method-elements (docs).
  • Merchant improvements: Extended coverage for merchant logo and types (docs)
  • Source account verification: Enhance account verification through data provider raw data and micro-deposits (docs)
  • Account capabilities: Enable payments:send capability on the account level (docs)

September 2021​

  • Merchant improvements: Improved overall merchant coverage and categorization (docs)
  • Routing Number endpoint: Added routing number retrieval endpoint /routing_numbers (docs)

August 2021​

  • Payment fund statuses: Add support for payment fund statuses. (docs)
  • Merchant improvements: Extended coverage for merchant logo and types (docs)
  • Core API Metadata: Accept metadata on Core API resource creation. (docs)
  • Element events scheme: Updated elements event redirect scheme. (docs)
  • Balance Transfer Element: Added a demo for Balance Transfer use case. (docs)
  • Link Element UI: Improved Link Element layout and consent view.
  • Health Check: Added health check API endpoint /ping. (docs)
  • Webhook IP whitelists: List possible webhook IP addresses for each Method environment. (docs)
  • Idempotency: Added optional Idempotency-Key header for all POST Core API resources. (docs)
  • List accounts filters: Added optional filter parameters for GET /accounts. (docs)
  • Generate Reports: Allow users to generate reports using the /reports endpoints. (docs)
  • API Client for Node.js: Created an API client library for node.js. (docs)
  • Elements Javascript SDK: Created a Javascript SDK for Elements. (docs)