RTP® & FedNow®: The Fastest Way to Process B2B Payments

Real-Time Account-to-Account Transactions Without Chargebacks

Send & Receive Instant Payments with FedNow® & RTP® Real-Time Payments

The FedNow® service is revolutionizing the way businesses and individuals send and receive payments, leveraging the power of RTP® (Real-Time Payments) for instant, secure, and 24/7/365 transactions. Unlike ACH or credit cards, which come with processing delays and high fees, FedNow® RTP® enables seamless, real-time bank-to-bank transfers—improving cash flow, business efficiency, and financial security.

Why Use FedNow® with RTP® Real-Time Payments?

1. Instant Fund Transfers – No Delays

• FedNow® & RTP® process payments in real time, eliminating 1-3 day wait times of traditional ACH.
• 24/7/365 availability means payments settle even on weekends and holidays.

2. Lower Fees vs. Credit Cards & ACH

• Credit card transactions charge 2-3% per transaction, while ACH has batch processing delays.
• FedNow® RTP® offers lower-cost, real-time bank transfers with no hidden fees.

3. Secure, Direct Bank-to-Bank Payments

• No middlemen like credit card processors—funds go directly from payer to payee.
• Reduces fraud risks and eliminates chargebacks, making it safer for businesses and individuals.

4. Faster Invoice & B2B Payments

• Businesses can request payments from customers using FedNow®’s RfP (Request for Payment) feature.
• Perfect for B2B transactions, supplier payments, and freelancers who need instant access to funds.

5. Better Cash Flow & Financial Control

• No waiting for ACH processing windows or bank business hours.
• Merchants, freelancers, and businesses can access funds immediately, improving liquidity.

Who Benefits from FedNow® & RTP® Real-Time Payments?

• Businesses wanting instant B2B & supplier payments.
• Retailers & service providers looking for a real-time alternative to credit cards.
• Freelancers & gig workers needing fast, secure payments.
• E-commerce platforms integrating instant checkouts.

Final Thoughts: FedNow® & RTP® – The Future of Instant Payments

With FedNow® & RTP® Real-Time Payments, businesses and individuals can send and receive money instantly, 24/7/365. Whether you're replacing credit cards, upgrading from Same-Day ACH, or streamlining business payments, FedNow® RTP® is the solution for modern, real-time transactions.

Upgrade to FedNow® & RTP® today for instant, secure payments!

Creation Request for Payment Bank File

Enhance Your Send Receive FedNow 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.