Lending
Loan funding - payment rails
RPPS parameters
6 min
you can use the rpps rail in arix to electronically transfer funds to pay loan proceeds directly to billers borrowers who select to use this rail, can have funds sent directly to billers to pay down their outstanding bills, most typically used to pay down outstanding credit card bills the rail uses mastercard's rpps rail system arix sends an api call to the cr rpps gateway, which in turn sends a request to mastercard to transfer funds mastercard then sends a credit to the biller rpps requests are batched daily by the cr rpps gateway when the system sends the batched requests to mastercard for processing the borrower's credit card doesn't have to be a mastercard it can be any card issued by a biller that signed up to receive bill payments via the rpps service { "rails" \[ { "railtype" "rpps", "priority" 1, "amount" 900, "rppsfields" { "billerid" "1234567890", "billername" "anita loan", "consumernameatbiller" "testnameatbiller", "consumeraccountnumberatbiller" "5454546498195454" } } ] } request parameters true false 257false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type biller directory there are 2 ways to do directory lookup cr can deliver a daily csv of the rpps biller directory into your sftp folder mc rpps biller validator api https //developer mastercard com/product/bill payment validator/ cross river can set up credentials for you rpps sandbox simulation you can simulate rails in the sandbox the table indicates the responses that you should receive for the transaction amounts listed true falsefalse unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type pci compliance payment card industry (pci) standards ensure that sensitive credit card information is protected from fraudulent use arix processing complies with pci standards when an rpps transaction is initiated, arix receives a request that includes the borrower's credit card number this number is sent to a tokenization service that is level 1 pci compliant they send a token back to arix, which stores the token when processing the rpps batch, arix calls to detokenize all the credit card numbers, and sends the credit card numbers in a file to mastercard arix logs contain only masked credit card numbers