Cross River Parent Agrees to Acquire Accrue Wallet Firm

CRB Group, Inc., the parent of Cross River Bank, said Oct. 20 it had agreed to acquire Accrue Money, Inc., bringing merchant wallet technology into the same corporate group as its banking services. Accrue Balance lets customers add money by bank transfer or card and spend it with a participating merchant. A balance can combine deposited funds, rewards and returns. Cross River Bank holds the funds, while Accrue provides technology merchants can use on their websites and apps. Cross River Bank also issues Accrue’s Visa cards.

Source: TokenPost