Cross River Bank and Plaid say they’ve joined FedNow® Service to widen customers’ instant payment access.

The collaboration, announced Monday (Sept. 18), also makes Cross River among the first financial institutions to bring an interoperable offering to its customers providing routing options via either the FedNow Service or the RTP® network.

“When enabled, the interoperable offering from Cross River means consumers and businesses can count on efficient, secure and reliable money movement, such as when managing their funds, paying bills, receiving payouts and avoiding late fees,” according to Cross River.

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