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Cross River Launches Request for Payment (RfP) to Power Smarter, Real-Time Money Movement

Fintech Finance

Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded finance solutions, announced the launch of Request for Payment (RfP), a transformative addition to its growing suite of instant payment capabilities. RfP is a smarter, more flexible way to receive incoming funds.

RFP
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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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Mastering Procurement Management: Your Gateway to Success

Nanonets

Decentralized Procurement Contrary to centralized procurement,  decentralized  procurement involves delegating purchasing authority to individual departments or business units within an organization. When creating an RFP, it is crucial to clearly define the  project scope , objectives, and deliverables.

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For Charter Schools, A Workforce Spend Tutorial

PYMNTS

These schools are publicly funded but operate independently from traditional public schools, adhering to specific school and local or district authority guidelines. The service also offers a request for proposal (RFP) process that can help charter schools comply with relevant federal regulations.

RFP
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Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

They also provide request for payment (RFP) messaging that ensures eInvoice details, due dates and additional details are also immediately available, streamlining billing and payments in fields like utilities. For billing companies, processing relatively low-value utility payments from countless users can be tedious.

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Pushing Payments, Far Afield, to Employees

PYMNTS

The employee can then authorize that payment to be loaded onto a card of their choice. If I were to put out an RFP,” he told PYMNTS, “those are the things that I’d be looking for.”. You also need (to partner with) someone who has reach beyond just your bank account,” and with a complete solution he said. “If

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Everything You Need to Know about Procurement for Businesses: A Practical Guide for CFOs and Finance Leaders

Nanonets

Documentation: Based on responses to the RFI, the team shortlists suppliers and sends out Requests for Proposal (RFP) to obtain detailed bids, including pricing, delivery timelines, and maintenance services. RFP Issuance: Action: Detailed RFPs are sent to the remaining 8 suppliers.