Jaris is a service provider for B2B loans. Through Preczn’s integration with Jaris, platforms can send anonymized merchant data to Jaris to assess loan eligibility.

Once a merchant qualifies, platforms can use the embeddable Preczn JavaScript component to enable merchants to apply for loans and securely transmit their data to Jaris at the time of application.

Preczn monitors the loan process and shares real-time status updates as they are received from Jaris.

Overview

Below is a summary of the connection key facts to support your integration.

Supported Features

The following features are supported for this connection:

Merchant Onboarding

Loan Origination

Managing Merchant Eligibility and Sending Anonymized Data

Preczn has integrated with Jaris to share merchant data and anonymized tr in order to determine merchant eligibility for Jaris loans.

The Preczn/Jaris workflow is very similar to boarding a merchant. From a high level perspective, the merchant status flow operates in the following manner:

1. Requirements - The merchant is missing subset of the data needed for Jaris to start reviewing if the merchant is eligible for a loan
2. Ready - The merchant has the minimal amount of data to board to Jaris
3. PartialBoarded- The merchant data has been sent to Jaris and additional anonymous transactions are being sent. Loan offers may be issued and available to the merchant at this point.
4. Active - The merchant has opted into an offer and Preczn has sent the full merchant data record to Jaris.

Required Merchant Data

Jaris evaluates if a merchant is available for a loan offer by evaluating subset of their merchant data (like how long they've been in business) and their on going transactions. This let's Jaris build a profile of the merchants credit worthiness and the value of a loan that can be offered.

Jaris requires a minimal amount of merchant data in order to start evaluating if the merchant is eligible for a loan. Note that the full merchant data set is only sent to Jaris once a merchant opts into a loan offer.
A merchant must have a minimum of the following data:

Starting Boarding

Once a merchant has the required data, the merchant's Jaris status will change to Ready. At this point, the merchant can be boarded to Jaris in order to start evaluating if they are eligible for a loan.

To start this process, use the Onboard Merchant to Connection endpoint, specifying Jaris as the connection.
Doing so will queue the merchant to be boarded to Jaris, setting the status to Sent.
When the merchants data and historic transactions have been sent to Jaris, the merchants status will change to PartialBoarded. At this point you will want to monitor is Loan Offers are sent for the merchant.

Tracking and Displaying Loans to Merchants

About Jaris Loans

Once a merchant has been PartialBoarded to Jaris, Jaris will begin to evaluate and extend loan offers to the merchant.
These loans are created and tracked inside Preczn as B2B loan objects. We'll cover how to retrieve the loans and listen for loans in the following sections:

• Listening for Loan Offers
• Retrieving Loans

Each of the B2B Jaris loans will have a corresponding status Merchants are eligible to originate a loan as soon as a loan is created with a Preoffer Created status:

Listening for Loan Offers

Preczn offers loan webhook events in order to communicate when loans are created and updated.
To listen for loan events, you can create a new Preczn webhook or modify existing Preczn webhooks to listen for the following events:

• loans.created
• loans.updated

When a loan is created for a merchant, this is an indication that the Jaris Client Component can be displayed in your application in order for the Merchant to review the preoffer, accept the loan, and fill out the Jaris application. You can read more about this in the Displaying Loans to Merchants section.

Retrieving Loans

If at any point in time you with to retrieve a loan or series of loans for a merchant, you can use the Preczn Loans Endpoints:

• Get Loans
  • The Get Loans endpoint allows you to return all loans for your platform. If desired, results can be narrowed to specific merchants. If you have various loan types (B2B2B or B2B) you may also narrow down the results based on type
• Get Loan
  • Each Preczn loan has a unique ID. The Get Loan endpoint allows you to retrieve the latest loans data from the preczn database.

Displaying Loans to Merchants

When a loan preoffer has been created for a merchant, you will want display the Jaris Connect interface for your merchant to review and accept the offer.
Jaris offers an embeddable component to handle the display of the available offers for a given merchant. To simplify implementation of a Jaris B2B Lending on Preczn, you can embed the Jaris Connect interface on your web interface using a secure, Preczn-hosted JavaScript client.

1. Include the Preczn jaris client on your page

Add the secure, hosted JavaScript reference in the <head> of your page:

<script src="https://api.preczn.com/v1/clients/jaris.min.js?merchantId={{merchantID}}&publicApiKey={{PrecznAPIKey}}"></script>

2. Define the jaris Connect location

Define the location for the button on your page, we suggest containing it within a <div>:

<div id="jaris-container" style="width: 800px"></div>

3. Define the required JavaScript callback function

Define a JavaScript callback function to handle errors:

var jarisCallback = function(errors) {
  console.error(`jaris errors:\r\n - ${errors.join('\r\n - ')}`);
}

If an errors occurred, the errors parameter value will contain an array of strings describing any error conditions.

4. Render the offer

Call the Preczn JavaScript client to create the button:

<script type="text/javascript">
  Preczn.jaris.renderOffer("jaris-container", jarisCallback);
</script>

The renderOffer function takes 2 parameters, in this order:

* Denotes a required parameter.

This will load all of the required scripts and stylesheets from both Preczn and jaris into the <head> of your page, and render the jaris Connect offer!

Error conditions

If any error conditions occur - such as invalid merchantId, failed authentication, etc. - then the Preczn jaris script will not load any dependencies or render the jaris Connect offer on your page.
Instead, the error callback function will be called with an array of error strings.

Using with a Content Security Policy

If you are using a Content Security Policy to secure your client-side web application, you will need to extend your policy to allow jaris.min.js to load and connect to the Preczn API, as well as to load the jaris scripts and connect to jaris.

Please add the following directives to your content security policy:

Data Transfer After User Accepts Preoffer

When a merchant accepts the preoffer by clicking "Apply Now", they are opting into the Jaris Terms of Service. At this point, Preczn will transmit the merchants full data set of business information, owners, and banking details to Jaris.
At this point, the merchant will continue through the Jaris component to complete their application, where the available data will already be pre-populated. Merchants have the option to review and update their data at this time.

🚧

Data Transfer Wait - In Progress

During the data transfer, it is possible that the Jaris application renders before all merchant data can be transmitted. Preczn is working with Jaris to determine a solution for the application to wait until all data is transferred before the application renders, thus ensuring that all data is prefilled.