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Unlocking Instant Inbound Payments: Cross River Launches Request for Payment Solution

Trade Credit & Liquidity Management

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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Cross River Unveils Request-for-Payment for Real-Time Pay-Ins

The Fintech Times

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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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

What is Project Nexus, and how does it address today’s cross-border payment challenges? Nexus aims to address each of these areas directly. An RFP is also underway to select the Nexus technical operator that will be responsible for building and running the infrastructure.

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Modern Treasury Drives Growth of Instant Payments with Leading Banks

Fintech Finance

In addition to providing support for sending instant payments, Modern Treasury also supports the ability to access the “Request for Payment (RFP)” capability at a growing number of banks. With the rise of new payment use cases and heightened customer expectations, the demand for faster payments in the U.S. is growing.

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5 Common Challenges of RFPs for Content Management and Payment Processing

Core

Government agencies rely on request for proposals (RFPs), but that process can be lengthy and complicated as you work to ensure accuracy and completeness. It is not out of the ordinary for RFP complexity to cause delays and demand more time and government resources than initially allocated.

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FPC 2023 Fall Member Meeting

Faster Payments Council

The RFP Customer Experience Work Group selected consumer-to-business bill pay as an initial use case, producing industry standards focused on this goal. Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience.

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P2P Payments Set The Stage For B2B RTP

PYMNTS

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. RTP And RFP. Among the value-added features lies the ability to have immediate and automated payment status updates.

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