What is FedNow® Request for Payments (RfP)?
Revolutionizing Instant Payments for Businesses & Consumers
FedNow® Transactions – Request for Payments
(RfP) with Instant A2A Credit & Debit for Businesses
The Future of Payments is Instant &
Seamless
The modern economy demands speed, security, and flexibility in financial transactions. Whether you're a business processing bulk payments, an enterprise streamlining vendor invoices, or a consumer paying bills, real-time transactions are no longer a luxury—they're a necessity.
FedNow® Transactions bring instant Request for Payments (RfP), Just-in-Time Account-to-Account (A2A) Credit & Debit, and FedNow® Bill Pay, transforming how money moves for businesses and consumers. This new standard delivers faster settlements, improved cash flow, and reduced payment processing costs while ensuring compliance with ISO 20022 messaging protocols.
Streamline Payments & Reduce Processing Costs for your business using instant payments
FedNow® Request for Payments (RfP) enables businesses and consumers to initiate and fulfill transactions instantly in a secure, regulated environment. It is designed for B2B, B2C, and C2B transactions, ensuring payments are received on time and without delays.
Key Benefits:
✅
Instant Payment Requests – Request payments from customers,
vendors, or partners instantly
✅ Real-Time
Settlement – No waiting for ACH processing or batch settlement
✅ Automated Reconciliation – Track payments
with ISO 20022 structured data
✅ Secure
Transactions – Eliminates chargebacks and fraud risks
Ask us how:
"FedNow® Transactions for
B2B and C2B payments"
"How to use FedNow®
Bill Pay for Just-in-Time A2A transactions"
"Instant
Request for Payments (RfP) for small businesses and enterprises"
"FedNow® vs ACH vs RTP – Best real-time payment
solutions"
"ISO 20022 messaging benefits
for instant transactions"
FedNow® Bill Pay – Instant Just-in-Time A2A Payments
FedNow® Bill Pay enables real-time A2A (Account-to-Account) credit and debit transactions, ensuring businesses and consumers can pay bills, invoices, and subscriptions instantly.
Key Features:
✔
Just-in-Time A2A Transfers – Ensure funds are available
when payments are due
✔ B2B, C2B & B2C
Compatibility – Works for payroll, supplier invoices, and
customer payments
✔ 24/7 Availability – No
delays due to weekends or banking hours
✔ Zero
Middlemen Fees – Reduce reliance on ACH, wire transfers, and
credit card processing
On-Time Delivery Payments – How FedNow® Benefits Every Business Type
From Retail to Healthcare, Real Estate, and SaaS – Speed Matters
The FedNow® network eliminates the inefficiencies of traditional payment methods, making it ideal for various industries:
✅ E-commerce & Retail –
Instant checkout and order processing
✅
Healthcare – On-time medical billing and insurance payouts
✅ Real Estate & Property Management – Faster
security deposits, rent payments, and vendor settlements
✅ Freelancers & Gig Economy – Get paid instantly, no
more waiting days for funds
✅ SaaS &
Subscription Services – Automate recurring payments with
real-time settlement
ISO 20022 Compliance – Secure & Standardized Messaging
Enhancing Payment Transparency & Efficiency
FedNow® Transactions adhere to ISO 20022, the global standard for financial messaging, ensuring:
✔ Enhanced Data Structuring
– Every transaction includes rich, structured data
✔
Improved Interoperability – Supports seamless integration
across banks and payment platforms
✔ Reduced
Fraud Risks – Advanced security measures for every payment
Unlock Instant Payments with TodayPayments
Are you ready to future-proof your payments with FedNow® Transactions? Whether you're a business looking to streamline invoicing, reduce payment processing fees, or enhance cash flow, the solution is here.
With TodayPayments, you can integrate FedNow® Just-in-Time A2A Payments, FedNow® Bill Pay, and Request for Payments (RfP) into your financial operations effortlessly.
🔥 Why Choose TodayPayments?
✔ FedNow®-Ready Payment Solutions
✔
Seamless API & Banking Integrations
✔ ISO
20022-Compliant & Secure
✔ Zero Hidden Fees –
Transparent & Cost-Effective
Don’t let outdated payment processing slow down your business. Start processing instant payments today with TodayPayments! 🚀
👉 Get Started Now! Click Here
Creation Request for Payment Bank File
Enhance Your FedNow Transactions 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 Instant 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 FedNow Transactions payment processing pricing
