What Are RTP® Transactions & Request for Payments (RfP)?
How RTP® RfP Improves Business Cash Flow & Payment Efficiency
RTP® Transactions – Request for Payments (RfP) with Instant A2A Transfers & RTP® Bill Pay
The Next Evolution in Real-Time Business Payments
Today’s fast-paced economy demands instant, secure, and reliable payment processing. Businesses can no longer afford to wait for traditional ACH, wire transfers, or credit card settlements.
With RTP® Transactions and Request for Payments (RfP), companies can now process real-time, account-to-account (A2A) credit and debit payments through RTP® Bill Pay, ensuring on-time delivery of funds for B2B, C2B, and B2C transactions. Built on ISO 20022 messaging, RTP® provides automated reconciliation, enhanced security, and 24/7 availability, making it the ultimate real-time payment solution for businesses of all sizes.
ISO 20022 Messaging – Secure, Structured & Automated Payments
RTP® (Real-Time Payments) Transactions allow businesses to send and receive payments instantly, eliminating delays caused by banking hours, weekends, or batch processing.
The Request for Payments (RfP) feature enables businesses to send real-time payment requests to customers, partners, or vendors, ensuring faster and more secure transactions.
Key Benefits of RTP® RfP for Businesses
✅ Instant Payment Requests
– Secure, real-time invoicing and payment collection
✅
No Processing Delays – Funds settle immediately, even
outside banking hours
✅ Lower Transaction Costs
– Reduce reliance on expensive wire transfers and credit card fees
✅ Eliminates Chargebacks – Payments are final
and irrevocable
✅ ISO 20022 Standardized
Messaging – Enhanced data tracking and transparency
RTP® Bill Pay: Just-in-Time A2A Payments for Business Operations
Automate Payments & Reduce Processing Costs
RTP® Bill Pay enables real-time Just-in-Time Account-to-Account (A2A) transactions, allowing businesses to optimize cash flow and pay suppliers, employees, and customers instantly.
Top Features of RTP® Bill Pay
✔ Just-in-Time A2A Transfers
– Ensures funds are available exactly when needed
✔
Seamless Invoice Payments – Automated reconciliation
reduces manual errors
✔ 24/7 Payment Processing
– Never miss a payment deadline again
✔ Works
for B2B, B2C, & C2B – Supports all types of business
transactions
✔ No Middlemen, No Hidden Fees
– Lower transaction costs vs. traditional banking methods
On-Time Delivery Payments for B2B, C2B & B2C Transactions
Whether you’re a small business, an enterprise, or a freelancer, on-time payments are crucial for financial stability. RTP® ensures instant fund transfers across all industries.
Industries Benefiting from RTP® Transactions
✅ E-commerce & Retail –
Instant checkout and supplier payments
✅
Healthcare – Faster insurance payouts and patient billing
✅ Real Estate & Property Management – Quick
rent, deposit, and escrow transfers
✅
Freelancers & Gig Economy – No more waiting days to receive
earnings
✅ B2B Enterprises – Streamlined
invoice payments and vendor transactions
Enhancing Payment Data for Better Business Intelligence
RTP® Transactions are ISO 20022-compliant, providing structured and enriched financial messaging for greater transparency and accuracy.
✔ Automated Data Tracking
– Every transaction includes structured payment details
✔
Global Standard for Payments – Ensures interoperability
across financial institutions
✔ Fraud
Prevention & Security – Advanced encryption and verification
mechanisms
✔ Better Cash Flow Management –
Improved reporting and reconciliation
Ask us How:
"RTP® Transactions and Request for
Payments (RfP) for businesses"
"How to use RTP® Bill Pay
for real-time invoice payments"
"Just-in-Time A2A
payments for B2B, C2B, and B2C transactions"
"ISO 20022
messaging benefits for business payments"
"RTP® vs ACH
vs wire transfers – Best instant payment solution"
Future-Proof Your Payments with TodayPayments
Your business deserves faster, smarter,
and more secure payment processing. With RTP® Transactions
and RfP via TodayPayments, you can:
✔
Eliminate payment delays & cash flow gaps
✔ Reduce
transaction costs & avoid chargebacks
✔ Process
real-time Just-in-Time A2A transfers
✔ Automate
invoicing and reconciliation
���� Don’t wait for slow payments – upgrade to real-time transactions today! ����
With
TodayPayments, you get:
✔ RTP®-Ready
Payment Solutions
✔ Easy API Integration for
Businesses
✔ ISO 20022-Compliant Security &
Automation
✔ Transparent Pricing – No Hidden Fees
���� Start Processing Instant Payments Now with TodayPayments!
Creation Request for Payment Bank File
Enhance Your FedNow Transactions using 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
