Cross River Appoints SVP and General Manager of Payments Division

FORT LEE, N.J., July 11, 2017 /PRNewswire/ -- Cross River announced today the appointment of Ben Isaacson as SVP and General Manager of its Payments Division. With 20 years of experience and a sophisticated understanding of the payments industry, Isaacson will be responsible for managing and growing Cross River's full suite of payments products and clients.

Isaacson joins Cross River after six years at JPMorgan Chase and , most recently as Product Executive within Treasury Services, where he was responsible for the product development, commercialization and industry development for Real Time Payment services. Prior to this role, Isaacson led the Wholesale Payments Strategy team at JPMorgan Chase, and was responsible for long-term growth initiatives, such as business-to-business payments strategy and FinTech engagement. Before JP Morgan Chase, Isaacson spent seven years at MasterCard in the Strategic Planning and MasterCard Advisors' Payments Strategy group, focusing on growth strategies and opportunities for MasterCard and its bank clients.

"As we look to continue and accelerate the rapid growth of the payments business, Ben's significant experience across traditional and emerging payments makes him an invaluable asset to lead this division," said Gilles Gade, President and CEO of Cross River.

About Cross River
Founded in 2008, Cross River is a New Jersey State Chartered FDIC-insured bank. The company recently secured $28 million VC funding from three well-regarded investors (Battery Ventures, Andreessen Horowitz, and Ribbit Capital) and has developed strategic partnerships with FinTech leaders to build fully compliant and integrated solutions for the marketplace lending and payment processing arenas. As disintermediation and financial independence increasingly fuel the new economy, Cross River is uniquely positioned to service both the established giants and the growing list of new entrants into these sectors. Corporate website: www.crossriverbank.com.

CONTACT:
William M. Bell
[email protected]
Factory 360 212.242.2417

SOURCE Cross River

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http://www.crossriverbank.com