Features
Instant settlement rail
A real-time payments solution for COS partners powering instant push or pull transfers and immediate settlements. Transact and settle USD within seconds across the COS ecosystem using Cross River’s intrabank API call, 24x7x365.
Zero cost transactions
Built on an active banking relationship with Cross River, XPay instant transfers and settlements are currently processed at no cost for all partners leveraging COS.
Net settlement convenience
Cross River’s centralized banking core connects everyone in the Cross River COS family and automates each account balance adjustment. Developed to reduce manual cost and efficiency, net settlement eliminates the need for a batch settlement process.
Ecosystem efficiencies
Operationalize your entire financial ecosystem through a singular, reliable, integrated system built on Cross River’s cutting-edge, intuitive API driven technology.
*Must have existing relationship with Cross River’s Operating System (COS)
Instant fiat on/off ramp
Treasury operability: reduction in tied-up capital, increased liquidity
Transactions between buyers and suppliers
Optimization of fund movement between mutual customers
FAQs
Can anyone sign up for XPay?
Access to XPay, Cross River’s intrabank offering, is available to any partner with an active account on COS.
Does XPay allow users to push and pull funds?
Yes. XPay is an internal payment rail in COS which allows partners to push and pull funds between each other instantly and guarantees immediate settlement.
Is XPay automatically available to all Cross River partners?
XPay is available to partners who were onboarded and approved to use XPay. All accounts must be configured accordingly. The XPay send and receive (for both push and pull) settings are disabled when products are created for partners in COS. COS Support must configure the partner’s product accordingly to enable them to perform XPay activity.
What is the difference between RTP and XPay if both offer instant settlement?
Unlike ACH, Wires, or RTP, an XPay payment does not leave the bank. It enables any account in COS to instantly send and receive funds from any other COS account. Both partners must be configured to participate in XPay.
