Use Case
Enabling merchant fund settlement
Payment processors and merchants need to settle transactions
Merchants need to ensure reliable, accurate and efficient processing (within seconds) as well as guaranteed fund settlement for consumer purchases. A merchant wants streamlined solutions for fund settlement.
Merchant acquiring payouts through restful APIs
COS, Cross River’s Operating System, supports several fund settlement solutions to enable secure experiences, including direct connection to The Clearing House’s Real-Time Payments (RTP) network, efficient ACH payment rails, near real time push-to-card debit disbursements, and API connections to major card networks. In addition, Cross River works directly with payment processors like Stripe and Trustly, offering proprietary API technology to move money from customer to merchant in a variety of ways.
Benefits for your Customers
- Increase sales
- Expand POS processing options
- Offer more than one settlement time