Krossroads Finance Blocks
Krossroads Finance Blocks
Designed specifically for Financial Institutions embarking on their FedNow Instant Payments adoption journey.
Krossroads Finance Blocks are a set of tools that Banks and Credit Unions can deploy to expedite their adoption of FedNow Instant Payments.
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Krossroad Engine for FedNow Service
A client implementation of all the FedNow service capabilities that will be available at initial launch.
Krossroad Commerce Blocks for FedNow
A white label suite of features and tools that financial institutions can deploy to enable individual and business customers to take advantage of FedNow capabilities.
Krossroads Simulator for the FedNow Service
A cloud based turnkey application that simulates all the FedNow service capabilities that will be available at launch.
Krossroad Engine for FedNow Service
The Krossroads Engine for the FedNow Service, is a client implementation of all the FedNow service capabilities that will be available at initial launch.
By deploying the Krossroads Engine for the FedNow Service, a financial institution will be able to take advantage of all or a custom selection of the available FedNow capabilities.
Aside from supporting all the FedNow capabilities that will be available at launch, the platform agnostic Krossroads Engine for the FedNow Service provides a programmable interface (APIs & Webhooks) which will enable financial institutions to seamlessly integrate their existing software stack with the Krossroads Engine for the FedNow Service and quickly start leveraging FedNow service capabilities.
Krossroads Commerce Blocks for FedNow
The Krossroads Commerce Blocks for FedNow is a white label suite of features and tools that financial institutions can deploy to enable individual and business customers to take advantage of the benefits that accrue from being able to send and receive FedNow instant payments.
The features provided by the Krossroads Commerce Blocks address specific use cases which enable individuals, businesses, utilities and governmental entities to leverage FedNow instant payments.
These includes the following modules:
e-Invoicing
Electronic invoices backed by FedNow Request for Payment.
Bill Settlement
Bill settlement including bulk and recurring bill presentment and payment, specifically geared towards utilities and governmental entities.
Payment Automation
Automation of recurring bill payments for individuals and businesses.
Payouts
Bulk payouts for businesses and governmental entities.
Krossroads Simulator for the FedNow Service
The Krossroads Simulator for the FedNow Service is a cloud based turnkey application that simulates all the FedNow service capabilities that will be available at launch.
The simulator is intended to be used to support testing, development and training activities by receiving requests and dispatching responses as defined in the FedNow ISO 20022 standard for FedNow service. This includes the following capabilities:
Standardized
Generating well-formed ISO 20022 requests and responses, using simulated or pre-recorded data.
Multi-Faceted
Simulating both as a receiving Financial institution and a sending Financial institution.
Versatile
Randomly responding with happy path, partial and failure responses.
Automation
Recording and replaying multi-step scenarios and inbuilt support for continuous integration.
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