FedNow & Real-Time
Payments
Solutions
Online integrated Origination, Sending, Receiving and Recordation of all Good Funds Transfers.
"All participants receive instant real-time electronic notifications. Use our online Payment Gateway interface or integrate your in-house system with our API"
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Credit Card Processing
Retail Face-to-Face
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eCommerce Internet Sales
eMail Invoicing
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RTP® & FedNow®: Faster, Secure B2B Invoice Processing
ISO 20022 Request-for-Payment
RTP® Real-Time Payments – Secure, Instant Merchant Settlements
RTP® (Real-Time Payments) and FedNow® allow businesses to process invoices instantly with structured, secure transactions. ISO 20022 digital invoicing enhances payment automation, reducing fraud risks and reconciliation errors. Unlike traditional ACH or wire transfers, RTP® processes transactions 24/7, ensuring businesses never miss a payment deadline.
Key Benefits of RTP® and FedNow® for Merchants:
- Instant real-time supplier settlements with no processing delays.
- ISO 20022 structured invoicing for seamless reconciliation.
- Chargeback-free, fraud-resistant transactions.
- 24/7 payment processing for uninterrupted cash flow.
Automate Real-Time Payments & Strengthen Vendor Relationships
FedNow® Request to Pay & RTP® Real-Time Payments: The Future of Instant Transactions
The FedNow® Request to Pay (RTP) feature is reshaping the way businesses and individuals request and receive payments. As part of the real-time payments (RTP®) movement, FedNow® offers an instant, secure, and cost-effective alternative to traditional ACH transfers and credit card transactions.
What is FedNow® Request to Pay?
FedNow® is a real-time payment (RTP®) system developed by the Federal Reserve, allowing 24/7/365 instant fund transfers. The Request to Pay (RTP) feature enables businesses and individuals to send a payment request, ensuring instant settlement once approved—eliminating delays, intermediaries, and high processing fees.
How Does FedNow® RTP® Compare to Traditional Payment Methods?
|
Feature |
FedNow® RTP® |
Traditional ACH |
Credit Cards |
|
Speed |
Instant (24/7/365) |
1-3 business days |
1-3 business days |
|
Transaction Fees |
Lower, cost-effective |
Lower than credit cards |
2-3% per transaction |
|
Chargebacks |
No chargebacks |
Possible returns |
High chargeback risk |
|
Best For |
B2B, instant invoicing, payroll, P2P payments |
Payroll, recurring transactions |
Consumer purchases, rewards |
Key Benefits of FedNow® Request to Pay with RTP®
1. Real-Time Settlements, 24/7/365
- Unlike traditional ACH or wire transfers, FedNow® settles payments instantly, even on weekends and holidays.
- Ideal for businesses, freelancers, and service providers who need immediate access to funds.
2. Lower Fees vs. Credit Cards
- FedNow® RTP® transactions cost less than traditional credit card processing (which charges 2-3%).
- No chargeback risks, reducing fraud and disputes.
3. Direct & Secure Transactions
- Payments move directly from payer to payee—no intermediaries or bank processing delays.
- More secure than ACH and faster than wire transfers.
4. Faster Invoice Payments for Businesses
- Request payment from customers in real time, ensuring faster settlement.
- Ideal for businesses using QuickBooks® QBO, payroll processing, or B2B transactions.
- Improves cash flow management and reduces outstanding invoices.
5. Perfect for B2B & Peer-to-Peer Payments
- Freelancers, gig workers, and contractors can request payments instantly.
- B2B transactions no longer rely on slow ACH or expensive wire transfers.
- E-commerce and retailers can provide real-time checkouts without high fees.
Why FedNow® RTP® is the Future of Payments
The rise of real-time payments (RTP®) is transforming the financial landscape, and FedNow® Request to Pay is leading the charge. Whether you're a business looking for instant invoice payments, a retailer offering real-time checkout, or an individual needing fast peer-to-peer transactions, FedNow® RTP® is the answer.
Upgrade your payment system with FedNow® Request to Pay & RTP® today!
Creation Request for Payment Bank File
Enhance Your FedNow Request To Pay Real-Time Payments Requests with FedNow’s ISO 20022 Messaging
Streamline Payments with Advanced Request for Payment Options:
Harness the power of FedNow's Request for Payment system to transform how you manage invoices and remittances. Our platform supports diverse data integration options, allowing payees to incorporate detailed invoice data directly within the RfP message or link to a comprehensive Merchant Page.
Flexible Invoice Details with ISO 20022 Messaging:
Leverage the flexibility of ISO 20022 messaging standards in our RfP system. You can choose to display crucial payment details directly in the message with a concise 140-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website or TodayPayments.com/HostedPaymentPage.html through our seamless integration solution.
Customizable Merchant Pages for Enhanced Customer Experience:
Create a Merchant Page that not only details all the MIDs you own but also presents these options attractively to your customers through the RfP. This customization ensures that whether your payer opts for Real-Time Payment, Same-Day ACH, or Card transactions, they can easily navigate and complete their payments through a simple click on the hyperlink provided on your Merchant Page.
Call us today and receive the .csv or .xml FedNow® or Request for Payment (RfP) file you need—all during your very first phone call! We guarantee that our comprehensive reports integrate flawlessly with your bank or credit union. As pioneers in recognizing the benefits of RequestForPayment.com, we have stayed years ahead of our competitors. Although we are not a bank, our role as an "Accounting System" within the Open Banking ecosystem enables us to work with billers to create effective RfP files that seamlessly upload to the biller's online banking platform. U.S. companies rely on our expertise to learn how to deliver the RfP message directly to their bank with precision.
Our advanced solution, Today Payments' ISO 20022 Payment Initiation (PAIN.013), demonstrates how to create a Real-Time Payments Request for Payment file that sends a clear message from the creditor (payee) to its bank. Most financial institutions support the import of messaging and batch files for both FedNow® and Real-Time Payments (RtP), ensuring smooth processing. Once the file is correctly uploaded, the creditor’s bank processes the payment through a secure "Payment Hub"—with The Clearing House serving as the RtP Hub—and relays the message to the debtor's (payer's) bank. This streamlined approach not only accelerates transaction processing but also enhances transparency and reliability for all parties involved.
... easily create Real-Time Payments RfP files. No risk. Test with your bank and delete "test" files before APPROVAL on your Bank's Online Payments Platform.
Today Payments is a leader in the evolution of immediate payments. We were years ahead of competitors recognizing the benefits of Same-Day ACH
and Real-Time Payments funding. Our business clients receive faster
availability of funds on deposited items and instant notification of
items presented for deposit all based on real-time activity.
Dedicated to providing superior customer service and
industry-leading technology.
Contact Us for Request For Payment payment processing
