Release Notes

Latest updates from our product team

November 13, 2024

Release Version: 0.25.0

This release brings exciting new features, and key bug fixes to improve your experience with LiquidTrust.

New Features & Enhancements

  • Business Types and Payment Fields Updates:

    • Added new business types for individuals and updated US document types in the global configuration.

    • Improved payment fields with consistent naming and support for more countries.

  • Team Management: A new delete button allows admins to remove team member invites easily.

  • Payment Enhancements:

    • Added available actions for each Direct Payment directly on the list page.

  • Other Key Updates:

    • Numeric input is now required for login OTP fields for better usability.

    • Updated SLA for business verification processes to streamline operations.

    • Enabled backend support for special characters such as diacritics, &, #, and @.

Bug Fixes

  • Location Selection: Fixed an issue preventing users from selecting "Federated States of Micronesia" as a state when adding a new payment method.

  • Account Creation: Resolved a bug that made it impossible to accept an invitation and complete account setup.

  • Business Information Updates: Fixed an issue where business information wasn’t updated when edited by an admin.

This release enhances both functionality and performance, making LiquidTrust more flexible and efficient. We’re committed to improving your experience and look forward to your feedback!

October 29, 2024

Release Version: 0.24.0

New Features & Enhancements

  • Direct Payment Duplication: Users can now duplicate Direct Payments with a new "Duplicate" action, making it easier to recreate similar transactions.

  • Wallet Fee Display: Wallets now show detailed fee information, including on the withdrawal widget, for a more transparent view of costs.

  • Frontend Performance Boost: Reduced repeated API calls to enhance frontend performance and improve user experience.

  • Updated Payment Fields Configuration.

  • Visual Updates for Invitations: Removed chip decorations from business contact invitations for a cleaner, streamlined look.

Bug Fixes

  • Minor bugs have been fixed.

October 22, 2024

Release Version: 0.23.0

New Features & Enhancements

  • Trust Payment Improvements: Enhancements to the Trust Payment (TP) review page now alert users if the payor is missing a valid payment method, and invitation flows for Payors now indicate when a payment method is required.

  • Improved Counterparty Selection: Updated copy in the counterparty selection step for both Direct Payments (DP) and Trust Payments (TP) to make the process clearer for users.

Bug Fixes

  • Promo Code for Trust Payments: Fixed an issue where promo code users were not seeing their free Trust Payments decrease as expected after sending a payment.

These updates provide smoother payment handling, enhanced admin functionality, and improved clarity for users throughout the payment setup.

October 15, 2024

Release Version: 0.22.0

New Features & Enhancements

  • Editable Drafts for Direct Payments: You can now edit drafts of Direct Payments, offering more flexibility when managing payments.

  • Withdrawal Fees & Payor Fee Updates: Updated fees for both withdrawals and Direct Payments, with a clearer fee breakdown now displayed during the Request Payment process.

  • Purpose Codes in Withdrawals: We've introduced new purpose codes and reasons for withdrawal transactions to ensure more accurate data handling.

  • Improved Notifications for Payments: Important notifications, such as fees, are now shown during the payment request flow, ensuring greater transparency.

  • Enhanced Fee Logic: The fee logic has been updated to use the Payee’s business country instead of the payment method country for more accurate calculations.

  • Direct Payments Flow Updates: Several updates have been made to the Direct Payments process, including the ability to delete draft payments and updates to status label colors.

  • Global Config Updates: Updated intermediary banks in the global configuration.

Bug Fixes

  • Role-Swapping Messaging: Improved the clarity of messaging when swapping roles in the first step of Trust Payments to avoid confusion.

  • Promo Code Bug Fixes: Resolved an issue where Direct Payment requests weren’t correctly decreasing after applying a promo code.

  • Trust Payments Drafts: Fixed a bug where saved purposes were not displaying when editing a Trust Payment draft.

These updates are designed to improve your experience with LiquidTrust, from smoother payment processes to more flexible draft management. Stay tuned for more enhancements coming soon!

October 1, 2024

Release Version: 0.21.0

These updates improve the payment process, especially for mobile users, while also adjusting key fees for a more transparent experience.

New Features & Enhancements

  • Action Logging for Trust Payments: we've added new tracking to log user actions related to Trust Payments for better monitoring.

  • Updated Withdrawal Fees: the withdrawal fee for International USD transactions has been lowered to 8 USD.

  • Direct Payment Pay-in Fee: the pay-in fee for domestic (US) Direct Payments has been adjusted to 3 USD.

  • Direct Payment Flow Improvement: when creating a Direct Payment, you'll now select the counterparty first, and the email invite option will be disabled.

  • Wire Payment Updates: we've unified and updated wire payment information for smoother transactions.

Bug Fixes

  • Direct Payment Purpose: Fixed an issue where the purpose field was blank on the Wallet page's Direct Payment slide-in.

  • Mobile Fixes:

    • Resolved issues where the signup steps were displayed too large on mobile devices.

    • Fixed an issue with Persona not working properly on mobile.

    • Corrected problems where the "Go back" button on the Set Funds screen wasn’t working.

    • Addressed cases where users got stuck when opening a Trust Payment, Direct Payment, Wallet Transaction, or the support page on mobile.

    • Fixed overlapping options in the "change business" component on mobile devices.

September 25, 2024

Release Version: 0.20.0

This release brings new features, design improvements, and bug fixes that enhance both Direct and Trust Payments.

New Features & Enhancements

  • New Purpose Codes: added new purpose codes for both Direct and Trust Payments, offering more detailed transaction categorization.

  • Updated Business Invitation Pages: the "Confirm Relationship" page has been refreshed for businesses invited to the platform.

  • Payment Success Screen Updates: the success screens for creating payments (both Trust and Direct) have been updated to clarify the system feedback.

  • Payment Methods in Widgets: payment methods account numbers are now visible in the pay-in widget for Direct and Trust Payments.

  • Auto-Fill Emails: when coming from Direct Payment or Trust Payment invitations, the email field will now auto-fill for faster setup.

  • Improved Trust Payment Creation/Editing: the layout for creating and editing Trust Payments has been updated, streamlining the process across multiple steps (Roles, Purpose, Name, Payment Agreements, Review).

  • Trust Payment Notifications: New email notifications will alert users when funds are settled.

  • Direct Payment Overview: When canceling a Direct Payment, users will now be redirected to the Direct Payments Overview page.

  • Improved Payment Tracking: Additional dates are now tracked for Trust Payments, helping users monitor the payment process.

  • Some security improvements and updates.

Bug Fixes

  • Mobile Fixes: Resolved issues with the logout button not working on mobile devices and a wide partner image overflowing on smaller screens.

  • Payment Field Availability: Fixed an issue where some countries were enabled but lacked payment fields.

  • Business and Team Invitations: Addressed bugs where duplicate invitations could be sent to businesses or team members.

  • Direct Payment Ownership: Fixed a bug allowing users to accept direct payments owned by others.

  • Account Setup Chart: The progress chart for account setup is now fully visible and no longer cut off.

  • Multiple Wallet Withdrawals: Resolved an issue where users could withdraw from their wallet twice.

  • Trust Payment Layouts: Fixed layout issues that affected the Trust Payment and Direct Payment creation processes.

  • Trust Payment Approval: Users without an approved payment method can no longer create Trust Payments.

  • Placeholder Text: Corrected formatting errors in the placeholder text for disputing a Trust Payment.

September 9, 2024

Release Version: 0.19.0

We’re excited to announce the latest updates for LiquidTrust. This release includes key improvements, a fresh new look for Trust Payments, and some important bug fixes.

New Features & Enhancements

  • Trust Payment Flow Updates: The review step in the Trust Payment process has been moved to the end, where you can now also view associated documents. The summary page has received a design refresh for improved clarity.

  • Address Field Updates: We've updated the character limits for address fields to ensure smoother input and validation.

  • Terminology Updates: Across the platform we improved the language to be consistent and we've updated status labels for better understanding.

  • Email Improvements: The year has been removed from email footers for a cleaner look.

Bug Fixes

  • Withdrawal Information: Fixed an issue where key details were missing from the withdrawal slide-in panel.

September 4, 2024

Release Version: 0.18.0

New Features & Enhancements

  • Direct Payment Updates: Introduced a linkable Direct Payment drawer and email links for easier access, along with a new style update for the Direct Payment Review page.

  • SWIFT Code Input: SWIFT codes now have an input mask and allow lowercase letters, improving accuracy when entering payment details.

  • Improved Global Configuration: Added new options for configuring purpose codes, payment codes, and currency settings, giving more flexibility in global operations.

  • Terminology Updates: Updated terminology for "Payer" and "Vendor" across the app and emails to ensure consistency and clarity.

Bug Fixes

  • Mobile Logout Issue: Fixed a problem where the logout button was not showing on mobile devices for users with long email addresses.

  • Payment Invite Pages: Resolved an issue where the Terms of Service checkbox was missing from payment invite pages.

These updates are designed to improve usability and provide a smoother experience for all users. We appreciate your feedback and look forward to delivering more improvements soon!

August 21, 2024

Release Version: 0.17.0

We're pleased to introduce the latest updates for LiquidTrust. This release focuses on improving user experience, adding new features, and fixing bugs to ensure smoother operations.

New Features & Enhancements

  • Address and Email Invitations Updates: Maximum character limit set to 70 for address fields, and more compact address formatting. Additionally, you can now copy-paste lists of emails when inviting businesses.

  • Better Email Customization: Updated email greetings and closings for a more polished look.

  • Enhanced Transaction Tracking.

Bug Fixes

  • Payment Invites: Resolved an error when accepting a payment invite after switching businesses.

  • Audit Logs: Fixed missing descriptions in the audit log for better transparency.

  • Signup Process: Addressed an issue where the signup process failed when inviting a user who had not completed their registration.

  • Trust Payment Creation: Resolved issues causing errors during the creation of new Trust Payment accounts.

  • IBAN Input: The IBAN field now accepts both uppercase and lowercase letters.

  • Other Fixes

These updates are part of our ongoing effort to enhance LiquidTrust and provide you with a seamless experience.

August 13, 2024

Release Version: 0.16.0

We’re excited to share the latest updates for LiquidTrust. This release includes new features, enhancements, and important bug fixes.

New Features & Improvements

  • Invite Businesses: You can now easily invite businesses directly from your contact list.

  • Intermediary Banks Support: Enhanced support for transactions involving intermediary banks.

  • IBAN Enhancements: We've introduced input masking for IBANs and improved validation error messages. Masked IBANs have also been shortened for better clarity.

  • Payment Invitations: You can now resend payment invitations to businesses, and the invite link will direct recipients to the appropriate signup page.

  • Email Updates: The default email templates have been refreshed, and various text updates have been made across the app to improve clarity and consistency.

  • Trust Pay Enhancements:

    • Upload invoice files when releasing funds.

    • Invoices will now be mentioned in fund release emails and displayed in the user app.

    • Payers will receive an email notification when a fund release is requested.

Bug Fixes

  • Payment Confirmation: The business name will now correctly display in the payment confirmation message.

  • Business Selection Page: We've resolved an issue causing unexpected redirects to the business selection page.

Other Notable Updates

  • Global Configurations: Introduced version 1 of global configurations for improved system-wide settings.

  • Text Changes: Various updates have been made to app text and email content for a more polished user experience.

  • Business Contacts: The contact list is now sorted alphabetically for easier navigation.

  • Bank Account Updates: We've updated the name of the currency field in the Bank Account section to be more descriptive.

We hope these updates improve your experience with LiquidTrust. Stay tuned for more enhancements in future releases!

July 23, 2024

Release Version: 0.15.0

We're excited to announce a new release of LiquidTrust. This update brings several new features and bug fixes to enhance your experience.

Features:

  • Customizable Email Templates and Frontend Theming for our White-label solution.

  • Improved Document Handling. Including additional business document uploads for improved KYB.

  • We've introduced global config for countries, currencies, and business types.

  • SWIFT Code Lookup Improvements and dynamic SWIFT BIC8/11 code validation.

  • Revamped User-Facing Features. Look forward to updated user-facing breadcrumbs, business document types dropdown, and more.

  • Some bugs fixed buttons and component behaviours, clarifying important information in app.

July 9, 2024

Beta Update

  • This release focused on enhancing security measures and improving user experience. Key updates included the implementation of automated backend tests and improvements to the Payment Methods UI and settings, as well as Business switcher component.

  • On the technical side, dependencies were updated, database backup processes were improved, and security updates implemented.

  • Several bugs were addressed, focusing on UI improvements, email address handling, and fixing issues with admin actions, login flow, and form field behaviors.

June 11, 2024

Beta Update

  • This release focused on enhancing the partnership experience and improving security measures. Key features included the introduction of a simple theming solution with custom content and branding for partners.

  • On the technical side, the login process was made idempotent, ensuring consistent behavior, and security has been improved. Admin were updated to support the new partnerships feature. The mobile experience was also reworked with items re-aligned.

  • Several bugs were addressed, with focus on the visual updates for the custom theme feature.

May 29, 2024

Beta Update

  • This release focused on improvements to support multiple businesses and users. Key features included adding the ability to select a business at login and inviting new team members through an improved user flow and email notification.

  • On the technical side, trust pay statuses and calls-to-action were refactored, payment invitations were associated with specific businesses, and help documentation was added.

  • The mobile experience was also reworked with items re-aligned.

  • Additional changes involved adding a business switcher, modifying payment contact searches and invitations to account for multiple users and businesses, and improving the UI for user invitation acceptance.

  • Pending user invites can now be viewed at the business level.

  • Under the hood, frontend caching was enhanced and cache-busting techniques were applied. Several bugs were also addressed.

May 07, 2024

Beta Update

Features:

  • Improve onboarding document uploads

  • Add promo-code feature

  • Security improvements

  • Minor bugfixes

Apr 30, 2024

Beta Update

Features:

  • Security Enhancements

  • UX: 

    • Improve visibility of legal information and dispute management

    • Improve editing flows and saving events 

    • Clarify status of payments and operations

Bugfixes: 

  • fixed navigation interaction bug

  • email notification

Apr 16, 2024

Beta Update

Features:

  • Security Enhancements

  • UX: 

  • Frontend performance optimization through page-weight reduction

    • Improved copy across the product UI

  • UI: Upgraded frontend UI framework

  • Trust Pay Enhancements:

  • Added functionality to edit/delete escrow agreements

    • Introduced a Acknowledgement agreement checkbox

Bugfixes: 

  • Fixed UI errors.

  • Fixed system feedback errors.

Apr 2, 2024

Beta Update

Enhancements:

  • Frontend Efficiency: Reduced the page-weight for faster loading times.

  • Logging Optimization: Enhanced configuration for better monitoring and alerting.

  • Security Enhancements

  • Audit Logging: Introduced a global audit log for better activity tracking.

  • Compliance Measures: Addressed IAM user access key policy.

  • Trust Pay Enhancements: Added mandatory confirmation for fund release requests and improved transaction visibility.

  • Business Approval Process: Streamlined the process for new business information approval and editing payments.

  • Miscellaneous Improvements: Various other enhancements including sorting, refactoring withdrawal process, and supporting cancellation in transaction state machine.

Bugfixes:

  • Fixed UI Glitches.

  • Correction of a file upload error.

  • Payment Method Change Error.

Mar 19, 2024

Beta Release

Task Completed:

  • Frontend Optimization: Shifted to using axios params for cleaner frontend code.

  • Security Updates: Checked and updated certificates expiring in March 2024

  • Infrastructure Security: Applied patches and updates to bastion hosts as part of our ongoing security improvements.

New Features:

  • User Experience Enhancements:

    • Added tooltips for better navigation UX.

    • Updated the handling of uploaded files to retain original filenames.

    • Enhanced the data update mechanism across the user interface for real-time accuracy.

    • Transitioned to using native Link elements for a more intuitive user experience.

    • Enhanced the search and selection process for businesses with additional country information and better visibility.

  • Direct Pay and Trust Pay Improvements:

    • Implemented restrictions on payment requests between existing restricted businesses.

    • Adjusted visibility and functionality related to pending invitations and transaction statuses.

    • Addressed issues with escrow funding denials to ensure proper status updates.

  • Onboarding and Transactions: Launched new transactional emails and trigger events to streamline onboarding and transaction processes.

Bugfixes:

  • Addressed a variety of issues affecting file downloads, display of payment transactions, and the accuracy of information in payment requests.

  • Fixed bugs related to visibility and functionality of vendor information, KYB passcodes, and escrow fund denials.

  • Corrected issues with file uploads, request payments functionality, and UI glitches related to fast navigation and pre-filled fields.

Feb 20, 2024

Alpha Release

New Features:

  • Links to support center

  • Liquid Admin-side UX enhancements - including payment troubleshooting

  • Various security enhancements

Bugfixes:

  • ACH Pay-in payload error

  • Trust pay confirmation amount calculations

  • Transfer Funds dialog calculations

  • Transfer Funds page detail

  • Onboarding issue with storing country

  • Display of either IBAN or bank account

Feb 15, 2024

Alpha Release

New Features:

  • Refactored payment processing backend

  • Slide-In details on Wallet transactions

  • Updated Direct Pay Overview

  • Updated Trust Pay Overview

  • Email for successful transaction