Cross River Bank, known for its innovative technology infrastructure that powers embedded financial solutions, has teamed up with Aeropay, a frontrunner in digital payment solutions.
The core reason behind this partnership is to provide gamers with instant access to their winnings.
Cross River stands out as a technology infrastructure provider, focusing on embedded financial solutions that offer significant value across various sectors, including the gaming industry. Their expertise in real-time banking cores allows for the delivery of scalable and innovative payment, card, and lending solutions to both consumers and businesses.
On the other hand, Aeropay specializes in providing alternative payment solutions that are compliant, cashless, and contactless. Their technology is designed to cater to businesses looking to offer sophisticated and secure digital payment options to their customers, both in-store and online.
The partnership leverages API technology for faster onboarding of operators, ensuring compliance and regulatory approval across states. This collaboration enables real-time transaction monitoring and instant payouts through the RTP® network, significantly enhancing the gaming experience by providing secure 24×7 access to funds.
Additional benefits of the partnership include streamlined payout processes for operators, reduced settlement times, and an increase in player satisfaction and loyalty. A recent study highlighted that 79% of gamers prefer instant digital disbursements when available, underscoring the demand for such services.
Keith Vander Leest, Head of Payments at Cross River, said, “Providing 24×7, secure access to funds has become imperative to not only business survival but an improved consumer experience, particularly in the gaming sector.
“We’re proud to partner with innovators like Aeropay, who are solving pain points across verticals and providing real-time and instant access to user funds.”
Daniel Muller, CEO of Aeropay, also highlighted the partnership’s value, added, “Partnering with forward-thinking institutions like Cross River enables us to deliver more tangible value to users and operators.
“With RTP enabled, players gain instant access to payouts. Operators benefit by their ability to streamline their payout process and reduce settlement times, resulting in more satisfied customers.”
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