Paymints.io, Cross River Bank Expand Optionality for Real-time Payments
October 11, 2023
Paymints.io and technology infrastructure provider Cross River Bank expanded their partnership to bring real-time payments over The Clearing House’s RTP network.
Adding the RTP network to its suite of existing payment rails enables paymints.io to facilitate the movement of funds and facilitate the receipt of money deposits, client and vendor disbursements to third parties, as well as intracompany and interdepartmental account-to-account transfers.
"As a payment process built from the ground up, specifically for the real estate transaction, we view adding the RTP instant payment capability as more than the addition of a payment rail but a true evolution of our product offering,” said Jason Doshi, CEO and Co-founder of paymints.io. “Allowing real estate industry participants to move funds instantly and securely while providing real-time visibility drastically improves the real estate transaction experience. We're excited to bring this solution to market with Cross River as our partner."
Cross River’s operating system, a proprietary API-based core, creates a connection with The Clearing House’s RTP network.
“One of the most impactful benefits of our proprietary banking core is the ability to scale with our partners, allowing innovative industry leaders like paymints.io to grow and expand product offerings,” said Keith Vander Leest, head of payments for Cross River. “Paymints.io is transforming financial transactions within the real estate industry and we’re proud to power their real-time payment capabilities.”
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