Cross River Bank has expanded its push-to-card transaction capabilities internationally, it announced Wednesday.
The Fort Lee-based fintech said in a news release that digital remittance company Remitly is one of the first companies to use these services.
“Cross River’s expansion into the international arena with our enhanced technology and leading payments capabilities will fundamentally change cross-border transactions, allowing consumers to receive funds across the globe,” Gilles Gade, founder, CEO and president of Cross River, said in a prepared statement. “With the current shift to online transactions and limiting of human-to-human touch, today, more than ever, having a secure and reliable way of sending and receiving money is an integral part of daily life.”
Remitly, a global company serving more than 2 million customers through its money transfer network, said customers can receive disbursements in near real time through international debit card channels, using Cross River as the settlement bank for push-to-card transactions.