Payments infrastructure for international transactions
Efficient and cost-effective international money movement for businesses and consumers.
Borderless finance: shaping the next wave of payment systems
24/5 executable payment quotes
Competitive foreign exchange rates with 24/5 quote execution.
Industry-leading compliance and BSA/AML integrations
Strict adherence to regulatory standards with compliance and anti-money laundering integrations, securing every transaction.
Accelerated processing with real-time tracking
Faster transaction processing compared to traditional methods, with continuous tracking and updates from payment quote generation to transaction delivery.
Transparent fee structure
Fees absorbed by the sender with guaranteed principal delivery to beneficiaries, eliminating hidden deductions and ensuring full payment amounts arrive intact.
Multiple payment rail options
Offering diverse payment pathways including Fedwire for domestic USD transfers, SWIFT for international transfers, and in-country local rails optimized for regional payments.
Global movement through card rails
Push-to-card disbursements in near real-time, 24/7/365 availability.
Consumer international payments
Extend international payment capabilities to consumers. Support consumer-to-consumer and consumer-to-business cross-border transactions with the same infrastructure used for business payments.
Launch consumer payments fasters
Offer international payments to consumers without having to build a new infrastructure.
Stay compliant automatically
Fully compliant with Regulation E, OFAC, sanctions checks, and BSA/AML. Regulatory requirements handled at the infrastructure level.
Use one API for all payment types
Use the same international payments API for B2B, B2C, and consumer transactions. All through COS.
“For Cross River, the goal is to handle the underlying complexities of cross-border transfers – such as currency conversion, compliance, reliability and security – so businesses can focus on their products and services and making their customers happy.”
Boundless opportunities
Global workforce payments
Small business owners often need to pay their overseas employees or contractors. With International Payments, they can send funds directly to their bank accounts in local currency.
B2B fund transfer
Businesses have vendors, merchants, or subsidiary companies overseas. They need to make payments in USD for operational purposes. International Payments allow them to securely and efficiently transfer funds to these entities.
Paying operating accounts
Multinational companies have operating accounts in different countries. International Payments enable them to easily transfer funds between these accounts.
Subsidiary payments back to parent companies
Subsidiary companies need to send profits back to their parent company located in another country. International Payments provide a straightforward way to transfer these funds.
FAQs
Who can access International Payments services?
International Payments services are available to business entities and consumers based in the United States.
What types of entities can use International Payments?
The service supports business entities and consumers, covering business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and consumer-to-business (C2B) transaction scenarios.
How do new partners onboard?
1. Enroll as a Cross River's Operating System (COS) partner
2. Complete due diligence
3. Execute a service agreement
4. Conduct sandbox and production assessments
5. Activate COS functionalities
How do current partners onboard?
1. Execute an addendum to the existing service agreement
2. Perform sandbox and product testing
3. Activate international payments in COS
What are the ways to move money internationally? Business entities in the U.S. have three options for international money movement: (1) Fedwire for USD transfers requiring an intermediary bank, (2) SWIFT and in-country local rail options for direct cross-border transfers, or (3) push to cards (debit or prepaid) through Mastercard Send and Visa Direct.
What is the expected settlement time for International Payments?
Most payments are delivered the same day when submitted before local cutoff times. For major currencies, including USD, GBP, EUR, and CAD, both SWIFT and local rails typically offer same-day delivery. Other currencies may require an additional business day, depending on the specific currency and delivery method.
What compliance requirements apply to consumer payments?
A: Consumer international payments are fully compliant with Regulation E, OFAC sanctions checks, and BSA/AML requirements, with all regulatory requirements handled at the infrastructure level.