Trade Credit & Liquidity Management

JUNE 12, 2025

From a Press Release dated June 9, 2025, Fort Lee, NJ Cross River Bank has launched its Request for Payment (RfP) solution, a new feature designed to enable secure, real-time inbound payments via the RTP® (Real-Time Payments) network.

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Request for Payment RFP Same Day ACH RTP 52

The Fintech Times

JUNE 10, 2025

Cross River , a banking infrastructure provider, has launched Request-for-Payment (RfP) on the RTP® network, with fintech platform Plaid as the first user enabling instant pay-ins for online used car seller Carvana. The RfP capability aims to address delays in inbound payments, which often rely on traditional ACH and wire transfers.

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Request for Payment RFP Same Day ACH Payer 45

PYMNTS

JANUARY 13, 2020

That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment.

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B2B Wire Transfer FBI Cybersecurity 89

Fintech Finance

AUGUST 15, 2024

Modern Treasury helps its customers access instant payment capabilities by expanding support for these rails with banks. It enables a faster way to move funds via new payment rails than traditional ACH, wire, or check. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually.

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Instant Payments Treasury RFP RTP 105

PYMNTS

JUNE 18, 2019

The Clearing House ’s RTP offering has also solved for other payment inefficiencies, as well as for decreased transaction times,” noted the executive. In short, the ability to send more information along with payments is a value-add for companies of all sizes and verticals, and addresses a key flaw, defined as a lack of transparency.

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PYMNTS

NOVEMBER 18, 2019

Unlike the BEC, the VEC scam involves a cybercriminal infiltrating a vendor’s email account to send a request for payment (whereas the BEC scam often involves fake, although similar, email addresses and messages). The government and financial services sector are now exploring how to address the issue after payment group Pay.UK

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Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

JANUARY 16, 2020

For instance, fraudsters can infiltrate the email systems of a firm’s legitimate suppliers to send emails from those vendor domains with a request for payment. Electronic payment technologies, too, are increasingly focused on security and fraud mitigation efforts. A Sophisticated Attack.

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Business Email Compromise Security Scams Email Compromise 44