Pay.com partners Cross River to drive US expansion
New Jersey-based Cross River Bank has partnered with UK-based Pay.com to help build out the latter’s payments platform for businesses and drive its US expansion.
Pay.com partners Cross River
Cross River provides technology infrastructure such as scalable embedded payments, cards and lending solutions to “millions” of consumers and businesses.
The company’s embedded solutions and customisable APIs will be utilised to power Pay.com’s international expansion, giving businesses and merchants access to “efficient” payments capabilities.
The partnership, ongoing since July 2022, enables the payment service provider’s current and future merchants to accept multiple payment methods, such as credit and debit cards, as well as alternative payment methods such as digital wallets and ACH transfers.
Additionally, Cross River’s API infrastructure gives Pay.com the ability to provide customer-centric payments capabilities, facilitating closed loop embedded financial solutions for merchants and businesses.
Cross River CEO and president Gilles Gade says the company’s compliance, payments and technology infrastructure will allow Pay.com to “scale and reach new markets”.
Pay.com CEO Assaf Cohen adds Cross River’s “regulatory infrastructure and expertise in embedded finance” will help the firm grow and offer merchants access to the latest payment technologies.
