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Cross River

Cross River Bank

Solution(s): Cross River for the FedNow® Service
Website(s): crossriver.com/products/fednow (Off-site)
Contact: Sriram Iyer, siyer@crossriver.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Cross River is largely use-case agnostic for payment services. We offer our services to corporates and fintechs that offer payment services for a wide variety of use cases. Our integration is typically via APIs.

Segment type(s)

  • Participating Financial Institution

Solution type(s)

  • AP/AR/ERP and Treasury Management Systems
  • Banking as a Service (BaaS)
  • Core Banking Platforms
  • Digital Wallet Providers
  • Payment Service Providers
  • Payment Testing Platform Providers (including Sandbox Opportunities, proof-of-concept services)
  • Payments Hubs/Platforms/Payment Gateways
  • Sponsoring Financial Institution

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Buy Now Pay Later
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)

FedNow functionality supported

  • Connectivity to the FedNow Service via FedLine® Solutions
  • FedNow Profile Management
  • FI Staff-Initiated Transactions
  • RFP Transactions – Businesses Sending
  • Receiving FedNow Transactions
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • No

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.