British payments company Earthport has collaborated with Cross River, a New Jersey State Chartered FDIC-insured bank, to offer inbound cross-border payment services across the US market.
The deal will facilitate the execution of inbound ACH payments through Cross River.
Earthport, which has a payment network of over 65 countries, said it expects the partnership to further strengthen its global payment network, enabling high volumes of low-value payments originating outside the US to be serviced more efficiently.
Earthport CEO Hank Uberoi said: “We are delighted to be working with Cross River to execute payments across the US market. We view this as an exciting partnership with a company that embraces innovation, new technologies and market efficiencies. We are confident that we will be able to further develop and expand this relationship as demand for cross-border payments increases across the US marketplace.”
Cross River CEO Gilles Gade said: “Earthport’s extensive payment network, along with its commitment to compliance, made the company a natural partner for Cross River. I’m looking forward to working with an innovator and payment visionary like Hank Uberoi, who has built a world-class service provider that is disrupting the global money transfer industry.”