XPay

Use XPay to transfer funds directly between 2 different partners inside the Cross River operating system (COS). Because you are transferring funds inside COS, the transfer happens immediately. Funds do not leave the bank with XPay transfers. A transfer can be a push or a pull.

How XPay works

There are 2 payment flows in XPay:

• Push

• Pull

For both push and pull transactions, funds move between accounts under different partners, and are available immediately.

XPay configuration

For XPay transactions to complete, both the originating and receiving partners must have the appropriate pull or push functionality configured. By default, push functionality is turned on, with both Receive Push Enabled and Auto Approve Push set to Yes. Both Send Pull Enabled and Receive Pull Enabled are by default set to No for all accounts, meaning that pull is turned off. Contact your Onboarding or Relationship Manager to enable pull functionality.

If the sending partner doesn’t have XPay enabled, the payment fails. The sending partner receives a synchronous error message.

If the receiving partner doesn’t have XPay enabled, the payment fails. The sending partner receives an asynchronous error message.

Push payments

1. Initiate. You initiate a payment to another CR partner. COS receives the request.

2. Route. COS routes the payment from your account to the receiving partner account.

3. Receive. The payment posts to the receiver account.

4. Settlement. Your account is debited.

Pull payments

1. Request. You request to pull funds from another CR partner. COS receives the request.

2. Approve. The partner receiving the pull request approves the request.

3. Route. COS routes the payment from the account of the partner receiving the pull request to your account.

4. Receive. The payment posts to your account.

5. Settlement. Your account is credited.

Approvals

Approval of push transactions is enabled by default as part of XPay configuration. When enabled, all inbound XPay push transactions approve and post automatically.

For pull transactions there is no Auto Approve Pull, so funds will not leave your account with no warning.

Participants

• Sending partner. The partner sending the funds or originating a fund request via XPay. Also sometimes called the originating partner.

• Receiving partner. The partner receiving the funds or fund request via XPay.

• COS. The Cross River Operating System, CR’s core banking system, which performs the transfer between partners.

Business reference information

Error Codes