Send FedNow® – The Game-Changer for B2B, C2B, and B2C Transactions
What is FedNow® and How Does It Work?
Send FedNow® Instant Payments – The Future
of B2B, C2B, and B2C Transactions
Why Businesses and Consumers Need Instant
Payments?
In today’s fast-paced economy, businesses and
consumers can no longer afford delayed transactions, high fees, and
banking restrictions. Whether it’s business-to-business (B2B),
customer-to-business (C2B), or business-to-customer (B2C) payments,
traditional payment systems fail to meet modern expectations.
���� ACH transfers take 1-3
business days to process.
���� Credit card fees
are high, cutting into business profits.
����
Wire transfers are expensive and bound by banking hours.
Now, with Send FedNow®, businesses and consumers can enjoy instant payments 24/7/365. No more waiting. No more fees. No more delays.
���� Imagine sending and receiving payments in real-time, without restrictions or hidden costs.
TodayPayments.com explains how Send FedNow® simplifies B2B, C2B, and B2C transactions, making payments faster, more secure, and cost-effective.
Attributes of "Send FedNow" for your business using instant payments
FedNow® is a real-time payment service developed by the Federal Reserve, allowing businesses and individuals to send and receive money instantly—24/7, including weekends and holidays. Unlike ACH transfers, which process in batches, FedNow® transactions are completed within seconds.
How Send FedNow® Works for Businesses & Consumers
✅ A sender initiates a
payment via their FedNow®-enabled bank.
✅
The payment is processed instantly, without batch delays.
✅ The recipient receives funds immediately—no
waiting period.
✅ Payments can be sent
anytime, including weekends and holidays.
With FedNow®, transactions are fast, secure, and cost-effective, making it the best choice for businesses and consumers.
Why Send FedNow® is Ideal for B2B, C2B, and B2C Transactions
1. B2B Payments – Faster Business Transactions
���� No more waiting for supplier
payments or vendor invoices to clear.
���� Settle
invoices instantly, improving business cash flow.
✅
Eliminate wire transfer fees and ACH delays.
2. C2B Payments – Immediate Customer Payments to Businesses
���� Retailers and service
providers can accept real-time customer payments.
����
No credit card fees—customers pay directly from their bank.
���� Businesses receive funds instantly, with no
chargeback risks.
3. B2C Payments – Instant Payouts to Customers
���� Companies can send refunds,
rewards, and rebates instantly.
���� Freelancers and
gig workers get paid in real-time, not days later.
⏳
No more waiting for payroll or delayed deposits.
Send FedNow® vs. Traditional Payment Methods – The Better Choice
Comparison Table: FedNow® vs. ACH vs. Credit Cards
|
Feature |
Send FedNow® |
ACH Transfers |
Credit Cards |
Wire Transfers |
|
Processing Speed |
Instant (Seconds) |
1-3 Business Days |
1-3 Business Days |
Same Day (Cut-off Times) |
|
Availability |
24/7/365 |
Business Days Only |
24/7, but slow settlement |
Business Days Only |
|
Transaction Fees |
Low or None |
Low |
2-4% Per Transaction |
High Fees ($15-$50) |
|
Chargebacks Allowed? |
No |
Possible Reversals |
Yes |
Possible Reversals |
|
Best Use Cases |
Business transactions, retail payments, payroll |
Recurring Payments |
Consumer Retail Transactions |
Large International Transfers |
���� The verdict? Send FedNow® provides the fastest, most secure, and cost-effective payment solution for all types of transactions.
Attributes:
How to use Send FedNow® for
B2B, C2B, and B2C payments.
FedNow® vs. ACH
vs. credit cards: Which is best for businesses?
Instant
payroll and business transactions with FedNow®
How
to eliminate payment delays using Send FedNow®
Best
way to send real-time payments for retail and business
transactions.
How to Start Using Send FedNow® for Instant Payments
Step-by-Step Guide:
✅ Step 1: Check if
Your Bank Supports FedNow®.
✅ Step 2:
Enable FedNow® for Your Business or Personal Banking.
✅ Step 3: Start Sending and Receiving
Instant Payments.
✅ Step 4: Use
FedNow® for Payroll, Invoicing, and Direct Transfers.
���� Once activated, FedNow® ensures your payments are processed instantly—anytime, anywhere.
Upgrade to Send FedNow® for Instant Payments Today!
���� Are you still using outdated payment methods that slow down business and personal transactions?
Business Owners &
Entrepreneurs: Improve cash flow, eliminate processing
fees, and accelerate business transactions.
Retailers
& Service Providers: Accept real-time customer payments with
no chargebacks.
Freelancers & Gig Workers:
Get paid instantly without bank delays.
Banks
& Financial Institutions: Offer your customers the future of
payments with FedNow®.
���� Why wait days for payments when you can send and receive money instantly?
���� Talk to your bank today and start using Send FedNow® for real-time transactions!
Creation Request for Payment Bank File
Enhance Your Send FedNow 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.
Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.
Contact Us for Send FedNow payment processing pricing
