Cross River Bank has added an in-house card processing engine, adding to its bespoke Fintech offerings. Cross River now controls the complete card technology stack — from issuing to processing. Aion Financial Technologies has been selected as the pilot partner, supporting the Fintech’s checking account, payments, and debit card program.
Andrew Lambert, Head of Product at Cross River, says it will help their customers scale with a single solution, while providing additional flexibility.
Lynn Chen, Head of Fintech Solutions at Cross River, said card processing is a natural extension of their services.
“By integrating card processing directly into our banking core, we’re giving our clients additional optionality to own the payments experience, all while being supported by compliance capabilities and security they expect from a regulated bank. Through our processing, we’re delivering the infrastructure they need to scale with confidence.”
Cross River offers core banking services to its clients, including embedded payments, crypto, lending cards, and more.
