A gateway to effortless international transactions
Seamless, efficient, and cost-effective international money movement for businesses.
Borderless finance: shaping the next wave of payment systems
24/5 executable payment quotes with superior FX rates
Access to competitive foreign exchange rates, enabling customers to execute payment quotes at any time.
Industry-leading compliance and BSA/AML integrations
Strict adherence to regulatory standards with compliance and anti-money laundering integrations, securing every transaction.
Accelerated processing
Faster transaction processing compared to traditional methods.
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Real-time updates
Continuous tracking and updates from payment quote generation to transaction delivery.
SWIFT and in-country local rail options
Offering diverse payment pathways, including the reliability of SWIFT and local in-country rails optimized for domestic transfers.
“According to IMF, the U.S. is one of the largest outbound payments market with billions in remittances and trillions in B2B flows. Fintechs are pivotal in innovatively improving speed, reducing cost, and boosting BSA/AML clarity in global transactions.”
Boundless opportunities
Cross-border payments for SMBs
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, saving both time and money on foreign exchange fees.
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, ensuring their operations run smoothly.
Paying operating accounts
Multinational companies have operating accounts in different countries. International Payments enable them to easily transfer funds between these accounts, helping them manage their global operations more efficiently.
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, ensuring the parent company receives their share of the profits promptly and securely.
FAQs
Who can access International Payments services?
International Payments services are exclusively available to business entities based in the United States.
What types of entities can use International Payments?
The service is limited to business entities (payers), covering both business-to-consumer (B2C) and business-to-business (B2B) 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
Can International Payments be used for personal transactions?
No, International Payments is designed solely for business entities and does not support personal transactions at this time.