Instant Payments Request for Payment Settlement 
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.
Fintech Finance
AUGUST 15, 2024
Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Instant payments, powered by the first new payment rails in the U.S.
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PYMNTS
AUGUST 10, 2020
You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. But it might not be the Federal Reserve ’s doing.
PYMNTS
JANUARY 26, 2021
According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.
PYMNTS
JANUARY 25, 2019
The rail was built on the ISO 20022 messaging standard, which sends data and payments together. The ability to send a request for payment via RTP can help smooth reconciliation, he noted. . Leveraging requests for payment could really help in those situations.” . Federal Reserve Proposals.
Payment Savvy
MAY 15, 2023
The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The development of the FedNow service is a response to the growing demand for efficient instant payment services in the digital age.
Center for Payments
MARCH 17, 2023
Take it slow Once your financial institution is committed to embarking on the faster payments journey, you want to be sure you don’t bite off more than you can chew. Updating infrastructure, systems, and processes to send and receive instant payments can be a lot for an organization to take on all at once.
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