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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.
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.
per RFP message, charged to the requestor. The Fed also charges a liquiditymanagement fee of $1 per transfer. With instant payments, banks must have sufficient liquidity available at all times, even during weekends and non-business hours.
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