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
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.
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.
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 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.
What are the ways to move money internationally? Business entities in the U.S. have two options for international money movement: (1) they can push to accounts through SWIFT and in-country local rail options, or (2) they can 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. Settlementspeed varies by destination country and payment rail, with many local rails offering same-daydelivery. SWIFT payments typically settle within 1-2 business days.