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Unlocking Instant Inbound Payments: Cross River Launches Request for Payment Solution

Trade Credit & Liquidity Management

(Photo by Çağlar Oskay on Unsplash ) With RfP, businesses can send digital payment requests that allow payers to authorize and send funds instantly, giving recipients immediate access to funds, improving cash flow, and reducing operational friction from delayed deposits.

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Cross River Unveils Request-for-Payment for Real-Time Pay-Ins

The Fintech Times

The RfP capability aims to address delays in inbound payments, which often rely on traditional ACH and wire transfers. Cross River says the new feature lets businesses send secure digital payment requests, which the payer can immediately authorise and fund, helping to improve cash flow and reduce the need for pre-funded accounts.

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

Fintech Finance

RfP allows businesses to send a secure, digital request for payment — enabling payers to authorize and send funds instantly with greater control, a significant step forward in streamlining the payment experience and reducing friction in how money moves.

RFP 52
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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

With its unique structure, ACH transfers work well for improving business cash flow. There are two ACH categories based on who has control over the payment: ACH credit or ACH debit. ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account.

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The Acceleration Of Payment Rails, Old And New

PYMNTS

’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. billion transactions were completed on the ACH Network in the fourth quarter of last year, an 8.1 Same Day ACH spiked an impressive 39 percent during Q4, hitting 71.3

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NEW REPORT: Closing The Demand-Access Gap In Disbursement Choice

PYMNTS

At the same time, most payers are very likely to offer such payments in the future. Our research shows same-day ACH is preferred for nearly 40 percent of payments, for example, yet payments are often sent instead via non-instant digital methods or even checks.

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How Small Businesses Ride Their Payment Rails

PYMNTS

“Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. More people than ever are benefitting from Same Day ACH. billion ACH debit and nearly 2.3 In all, more than 3.3 NACHA said 43.2