Cards

cross river delivers a flexible, scalable card issuing platform that enables partners to create debit, credit, and prepaid card programs our solutions are designed to meet a range of customer and business needs — from traditional deposit linked debit cards to innovative prepaid products and various credit offerings partners can offer both physical and virtual cards and select the issuing model that best fits their operational and technical requirements what cross river offers card product options cross river supports three primary card product types selecting the right type of card is a foundational step in building a compliant and scalable card program debit cards debit cards allow our partners’ customers to access available funds directly through card network transactions this card product is associated with funds in an underlying bank account the customer's account is debited by the amount of the transaction when the card is used credit cards credit cards provide customers with access to a line of credit cards can be structured as secured (collateralized by customer deposits or other assets) or unsecured (based on creditworthiness) interest can be charged on any outstanding balance carried over month to month, depending on specific program terms prepaid cards a prepaid card is not linked to a traditional bank account instead, it allows a customer to spend money that has been loaded into a prepaid card account in advance they offer flexibility for general purpose spending, payroll, corporate use cases, and mobile first experiences issuing models cross river offers two flexible operating models for card issuing partner managed this model provides cross river partners with maximum involvement in how the card program operates integrated issuing this model offers partners a cross river managed infrastructure for launching and managing card programs program services cross river provides essential banking, compliance, and settlement services to support the full lifecycle of a card program bin sponsorship cross river sponsors the use of bank identification numbers ( {{card bin}} ), enabling partners to offer cards without needing direct membership with visa or mastercard compliance docid\ nmdacowjwvq9uljplrwhv and risk management cross river handles regulatory obligations including kyc onboarding, aml transaction monitoring, ofac screening, and network compliance oversight settlement and reporting and compliance cross river manages daily settlement with card networks, financial reconciliation, and operational reporting processor flexibility partners may work with supported processors already integrated with cross river or bring their own processor \[1] integration models are designed to minimize technical overhead while meeting compliance and reporting requirements \[1] this is subject to due diligence review and at in the sole discretion of cross river find out more issuing models card lifecycle card transactions reporting and compliance