Plaid chose Cross River as the first financial institution to support its real-time offering due to their existing partnership and Cross River’s proprietary API tech, which connects to multiple payment networks, including ACH, RTP, and eventually, the new FedNow system.
“By combining the strengths of our proprietary banking core and advanced API technology with Plaid’s expertise in financial technology tools, millions of Plaid customers will have access to their money when and where they need it.”