Business types define the purpose of transactions according to specific categories. The business type is passed on to the card network when making a transaction. Business types are sometimes called use cases.

In our APIs, the businessType identifier is a two-character code Cross River uses to identify the purpose of a push or pull payment. We ultimately pass these to the Visa Direct and MasterCard Send payment rails as BAI codes (Visa) or TTIs (MasterCard).

Business type codes determine the following:

Based on the business type, a payment sender or receiver can make an authorization decision.

The possible business type for a transaction is determined together with Cross River and the card networks during onboarding and is based on the use case of the money movement.

If you are approved for only a single business type, Cross River configures this for you, so the information properly passes to the card networks. This is your Default Business Type. In this case it is not necessary to pass the businessType in the API request.

If you are approved for multiple business types, you can pass the businessType code in the API request, to be passed along to the card networks.

In the framework of money transfers:

In card payments, corresponding entities are either the receiver of a pull transaction (AFT) or the sender of a push transaction (OCT). This information must be included in the request for PP and AA money transfers in the correspondingEntity object of the request.

Transaction management APIs