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

Fintech Finance

The capability will streamline inbound money movement and enhance funding agility across the Real-Time Payments (RTP) ® network. A leader in instant payments and an early adopter of the RTP ® network, Cross River moves over $1 billion monthly in real-time disbursements across RTP ® and FedNow combined.

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Finding the Right Payment Pathway: International Payments Launched by Cross River Bank

The Fintech Times

Cross River and Aion have previously partnered to enable instant payments domestically via RTP and FedNow, as well as traditional methods such as ACH, same-day ACH and Wires. Cross River also provides business banking accounts through Aion, including a High-Yield Business Account.

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Why the U.S. has reached a real-time tipping point

Finextra

Same day Automated Clearing House (ACH) payments rose 19.1% FedNow is also reporting significant growth, with more than 1.3 million transactions settled in the same period [2]. Similarly, a record 98 million transactions were made through The Clearing House (TCH-RTP) network in Q4 2024 [3].

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Why FedNow Will Slow Real-Time Payments

PYMNTS

Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day. FedNow is positioned as a competitor to the private systems, with TCH as its only real-time domestic account-to-account competitor, but it also competes with cards and ACH.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S., The federal government deliberated in 2018 and 2019 over developing its own real-time payment system, FedNow , to compete with RTP.

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Nacha Statement on FedNow Launch

NACHA

Herndon, VA – Today, Nacha President and CEO Jane Larimer released the following statement in response to the Federal Reserve announcing its FedNow Service is now live: “Nacha congratulates the Federal Reserve on the launch of FedNow.

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