New Products

Events API

The Events API allows your application to monitor specific changes to Method resources.

  • For example, you can now be notified when an entity’s credit score increases (event type: credit_score.increased) or if new derogatory marks appear (event type: attribute.credit_health_derogatory_marks.increased)

  • Events deliver detailed and actionable notifications across all Method products and resources, making webhooks more targeted and specific. This ensures you receive alerts for the updates that matter to your application and users.

  • Events are classified into two types:

    • Literal changes: Direct updates to a specific field in a resource.
    • Computed changes: Interpreted states derived from multiple field changes or comparisons across different records.
  • The Events API is now available to all teams on Method’s V2 API (version: 2024-04-04). This launch includes 10 initial events, with over 100 additional events planned for release in the coming weeks.

Attributes API

The Attributes API offers a powerful summary of financial profile metrics across all Method API resources.

  • For example, it provides real-time indicators on credit utilization, payment reliability, account age, and derogatory marks, allowing developers to access these metrics directly without piecing together data from multiple endpoints.

  • Powered by Method’s real-time data integrations, it provides up-to-date insights ensuring your application accesses the most current data for faster, more informed decisions.

  • This initial release emphasizes credit health attributes, offering a holistic view of financial stability and risk.

  • For information on accessing the Attributes API, please reach out to your Method CSM.


Improvements

Card Brands API

  • Improved our card network integrations (Visa and Mastercard) to deliver lower latencies on Card Brands API requests.
  • Expanded coverage across all card products, including providing a reliable unique ID associated with each card product (for example all Chase Sapphire Reserve’s across all entities will return the same brand ID)
    • Brand ID is returned within card_brand.brands[x].id in the format brand_*.

Credit Scores API

  • We’ve upgraded our Credit Scores API to use VantageScore 4.0, the latest version of the scoring model.
  • VantageScore 4.0 provides more predictive scoring by incorporating machine learning techniques and trended credit data, which analyzes credit behaviors over time rather than just a snapshot.
  • This upgrade enables more accurate credit risk assessment, especially for consumers with limited credit history.

SDK Updates