A default Velocity Limit could be override by Velocity Limit Overrides

The Velocity Limit Override can be done for a specific period using the attributes activationStartTime and activationEndTime

A Velocity Limit Override could change following attributes of the Velocity Limit

• maximumAmount : Allowed maximum cumulated authorization amount
• maximumAmountCheck : Switch indicating whether the cumulated authorization amount of the time period is compared to a maximum or not
• maximumCount : Allowed maximum number of authorizations in the time period
• maximumCountCheck : Switch indicating whether the number of authorizations in the time period is compared to a maximum or not

In our solution each Authorization Restriction Override is identified by an velocityLimitOverrideReference

It is possible to use this reference in order to 

• Retrieve velocity limit override using the API GET /issuers/{issuerId}/accounts/{accountReference}/velocity-limits/{velocityLimitReference}/velocity-limit-overrides/{velocityLimitOverrideReference}
• Update velocity limit override using the API PUT /issuers/{issuerId}/accounts/{accountReference}/velocity-limits/{velocityLimitReference}/velocity-limit-overrides/{velocityLimitOverrideReference}
• Delete velocity limit override using the API DELETE /issuers/{issuerId}/accounts/{accountReference}/velocity-limits/{velocityLimitReference}/velocity-limit-overrides/{velocityLimitOverrideReference}

All the Velocity Limit Overrides which are applied on a Velocity Limit can be retrieved by the API that List velocity limit overrides for velocity limit GET /issuers/{issuerId}/accounts/{accountReference}/velocity-limits/{velocityLimitsReference}/velocity-limits-overrides/

The purpose of a Velocity Limit is to limit a transaction in terms of amount and frequency, e.g. it might be allowed to withdraw 2,500€ per day on POS terminals in Europe

These rules are implemented with an initial customer specific Product setup and are set per default set as blocked or unblocked

The standard Velocity Limits are permanent and can be changed by creating some Velocity Limit Overrides

The standard Velocity Limits for Card Control are

• Cash (ATM, branch, POS)
• eCommerce
• POS
• NFC

Each standard Velocity Limits are set with 

• a minimum amount and a flag, if this amount should be checked
• a maximum amount and a flag, if this amount should be checked
• a maximum counter and a flag, if this amount should be checked

A default velocity limit can further be combined with a country or a region, e.g.

• ATM daily limit in Italy
• ATM daily limit in the European Economic Area (w/o Italy)
• ATM daily limit worldwide (w/o the EEA)

When an account is created, the default Velocity Limits defined on Product level are applied

In order to List velocity limits for account, the API GET /issuers/{issuerId}/accounts/{accountReference}/velocity-limits should be used by providing the issuerId of the Issuer and accountReference identifying the Account

In our solution each Velocity Limit is identified by an velocityLimitReference and it's possible to Retrieve velocity limit using GET /issuers/{issuerId}/accounts/{accountReference}/velocity-limits/{velocityLimitReference} API