Press Release

Cross River Partners with Payment Approved to Evolve the Movement of Money

Cross River

November 17, 2021

2 min read

November 17, 2021

Cross River Partners with Payment Approved to Evolve the Movement of Money Through a Compliant, All-In-One Solution for Businesses

Cross River’s comprehensive platform is a one-stop-shop, providing streamlined access to payment rails, core infrastructure and compliance framework

Partnership will further enhance payment opportunities for Payment Approved clients

FORT LEE, N.J. - Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced that it has partnered with Payment Approved, a fintech that offers an easy access to end-to-end payment solutions for clients in the Money Service Business (“MSB”) sector, e-commerce businesses, and retailers, to provide businesses with faster and broader payment options that are safe and secure.  

“The industry is rapidly changing, which brings increased demand for safer and more efficient payment methods,” said Keith Vander Leest, Director of Payments at Cross River. “With this partnership, businesses can now access one platform to move money in a faster, simpler, and responsible way.”

Cross River provides access to financial services through its comprehensive, API-based platform with robust regulatory compliance and is known for its tech-forward approach. Through this partnership with Payment Approved, Cross River’s payments and technology infrastructure will facilitate the disbursement of funds through its Push-to-Card capabilities on both the Visa and MasterCard networks. Cross River is also the sponsor bank, offering clearing accounts, FBO management, and merchant acquiring services to Payment Approved clients.

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