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

Fintech Finance

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. RfP is a smarter, more flexible way to receive incoming funds.

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

The Fintech Times

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 RfP capability aims to address delays in inbound payments, which often rely on traditional ACH and wire transfers.

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Modern Treasury Drives Growth of Instant Payments with Leading Banks

Fintech Finance

It enables a faster way to move funds via new payment rails than traditional ACH, wire, or check. In addition to providing support for sending instant payments, Modern Treasury also supports the ability to access the “Request for Payment (RFP)” capability at a growing number of banks. is growing.

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P2P Payments Set The Stage For B2B RTP

PYMNTS

RTP And RFP. It has the ability to replace not only checks, but cash, wire and ACH.”. However, RFP is directly linked to payments made as a result of the request — an advantage that can streamline the whole process for a range of companies, from the smallest firms to the largest mortgage services and telecom giants like Verizon.

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Instant ACH Transfers Online

Payment Savvy

The RTP Network enables real-time transactions for various use cases, such as B2B and P2P transactions, payroll, and Request for Pay (RfP) services. Wire Transfers Wire transfers, offered by companies like Western Union, can facilitate instant transfers between US bank accounts.

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Real-Time Payments: What’s Ahead, and How to Fight Fraud

FICO

Request for pay (RfP) . From my mobile banking app, I can even initiate a wire transfer, which in days past was reserved for making large purchases (like a house) or sending money abroad. P2P real-time transactions. The Federal Reserve is a second key player. FICO® Falcon® X delivers the flexibility prescribed.