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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 post Cross River Unveils Request-for-Payment for Real-Time Pay-Ins appeared first on The Fintech Times.
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.
Beyond offering end-users faster products and services, though, Reuter noted that banks’ own internal systems are also finding their footing in a world that continues to shift toward real time. The value proposition of real-time payments for larger enterprises is less immediate, although no less disruptive.
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