FedNow® vs. Credit Cards: The Future of B2B A2A Transactions

Reduce Processing Costs & Improve Cash Flow with Instant Payments

"Send & Receive FedNow® – A Better Alternative to Credit Cards"

Send & Receive Payments with FedNow® – Faster & Cheaper Than Credit Cards

The FedNow® service is revolutionizing digital payments, allowing businesses and individuals to send and receive payments instantly—without the delays and high fees associated with credit cards. Say goodbye to processing fees, chargebacks, and settlement delays with FedNow®’s real-time payments (RTP®) solution.

Why Choose FedNow® Over Credit Cards?

1. Instant Payments – No More Waiting for Settlements

• Credit card transactions take 1-3 days to settle, causing cash flow delays.
• FedNow® processes transactions in real-time (24/7/365), ensuring instant fund availability.

2. Lower Transaction Fees

• Credit card processors charge 2-3% per transaction, cutting into profits.
• FedNow® offers a cost-effective alternative with lower fees and no hidden costs.

3. No Chargebacks or Disputes

• Credit card transactions are prone to chargebacks and fraud.
• FedNow® transactions are final, reducing payment disputes and losses.

4. Secure, Direct, and Reliable Transactions

• FedNow® moves funds directly between bank accounts (A2A), reducing fraud risks.
• Unlike credit card networks, there are no intermediaries slowing down transactions.

5. Ideal for Businesses, Freelancers, and Service Providers

• Merchants can accept instant payments without paying credit card processing fees.
• Freelancers and contractors can get paid instantly instead of waiting for credit card settlements.

Who Benefits from FedNow® Instant Payments?

• Businesses looking to eliminate credit card fees.
• Retailers and e-commerce platforms seeking real-time checkout solutions.
• Freelancers and contractors needing faster payments.
• B2B transactions requiring secure, same-day settlements.

Final Thoughts: Ditch Credit Card Fees & Go Instant with FedNow®

For businesses and individuals seeking faster, more secure, and cost-effective payments, FedNow® is the best alternative to credit cards. Whether you're a merchant, freelancer, or service provider, FedNow® real-time payments help you send and receive money instantly—without the delays and fees of credit cards.

Upgrade to FedNow® today and experience instant payments!

Creation Request for Payment Bank File

Enhance Your Send Receive FedNow using Credit Cards Payment 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.