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Send FedNow® & RTP® – The Future of Instant Payments & Mobile Invoicing
What is Request for Payments (RfP) & How Does It Work?
Send FedNow® & RTP® Instant Payments – Request for Payments (RfP) Mobile Invoicing
The Demand for Instant & Automated Payments
For businesses, freelancers, and service providers, getting paid on time is crucial. However, traditional payment methods—including ACH transfers and credit cards—introduce delays, processing fees, and reconciliation challenges.
���� ACH payments can take days to
clear, delaying cash flow.
���� Credit card transactions
come with high fees (2-4%) per transaction.
���� Manual
invoicing slows down the payment process and increases human errors.
With Send FedNow® & RTP® (Real-Time Payments) powered by Request for Payments (RfP) mobile invoicing, businesses can:
✔ Send invoices directly from a mobile
device.
✔ Receive payments instantly from customers with
no delays.
✔ Reduce costs by eliminating processing fees
and third-party gateways.
✔ Enhance security with
real-time transaction confirmations.
���� Imagine an invoicing system where your customers receive a request and pay instantly—no waiting, no follow-ups!
TodayPayments.com provides how Send FedNow® & RTP® integrate with Request for Payments (RfP) mobile invoicing to revolutionize the way businesses and individuals send and receive payments.
Send FedNow for your business using Real-Time Payments
Request for Payments (RfP) is a digital invoicing and payment request feature built into FedNow® and RTP® systems that enables businesses to send instant, real-time payment requests to customers, prompting immediate transaction approvals.
How RfP Mobile Invoicing Works
1️⃣ A business (payee) sends an
invoice using RfP via a mobile invoicing app.
2️⃣
The customer (payer) receives an instant payment request
notification.
3️⃣ The payer reviews and approves
the transaction in seconds.
4️⃣ Funds are
deposited into the payee’s account instantly—no waiting.
���� No more unpaid invoices
���� No chargebacks or payment disputes
���� No third-party payment processors taking a cut
���� With RfP mobile invoicing, businesses gain better control over their finances, while customers enjoy a seamless payment experience.
Why Businesses Should Switch to Send FedNow® & RTP® for Invoicing
1. Get Paid Instantly – No Waiting for ACH Processing
���� Traditional invoicing systems
require customers to manually initiate payments, causing delays.
���� With RfP, businesses can request payments that
customers approve instantly.
2. Eliminate Credit Card Processing Fees
���� Credit card networks charge
2-4% per transaction.
���� With FedNow® and RTP®,
payments are direct, eliminating processing fees.
3. 24/7/365 Availability – Even on Weekends & Holidays
⏰ Unlike ACH and wire transfers,
which depend on bank hours, FedNow® & RTP® work 24/7.
✅
Perfect for businesses that need immediate cash flow.
4. No Chargebacks – Reduced Fraud Risk
���� Once an RfP payment is completed, it’s final—eliminating fraudulent chargebacks.
5. Works for All Payment Types
✅ B2B Payments: Request
and receive instant business payments from partners and suppliers.
✅ C2B Payments: Allow customers to pay
businesses instantly via real-time invoice requests.
✅
Freelancers & Gig Workers: Get paid the moment an invoice
is sent—no delays.
Send FedNow® & RTP® vs. Traditional Payment Methods
Comparison Table: RfP Mobile Invoicing vs. Traditional Invoicing & Payments
|
Feature |
Send FedNow® & RTP® (RfP Mobile Invoicing) |
ACH Transfers |
Credit Cards |
Wire Transfers |
|
Payment 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 |
B2B, C2B, Freelancers, Gig Economy |
Recurring Payments |
Consumer Retail Transactions |
Large International Transfers |
���� The verdict? RfP with Send FedNow® & RTP® is the fastest, safest, and most cost-effective way to process invoices today.
Attributes:
Send FedNow® vs. traditional
invoicing: Which is better?
How Request
for Payments (RfP) mobile invoicing speeds up payments.
FedNow® vs. credit cards vs. ACH: Which is best
for invoices?
How businesses can get paid
instantly with FedNow® RfP.
Best invoicing
solution for freelancers and small businesses.
How to Integrate Send FedNow® & RTP® with RfP Mobile Invoicing
Step-by-Step Guide:
✅ Step 1: Ensure Your
Bank Supports FedNow® & RTP® Payments.
✅
Step 2: Enable Request for Payments (RfP) in Your Mobile
Invoicing App.
✅ Step 3: Send an
Invoice with RfP to a Customer.
✅ Step 4:
The Customer Approves and Pays in Real-Time.
✅
Step 5: Funds Are Deposited Instantly with No Delays.
���� It’s that simple—faster, more secure, and more efficient than any other payment method.
Future-Proof Your Business with Instant Invoicing & Payments!
���� Still using outdated invoicing methods that delay payments and cost you money? It’s time to switch to Send FedNow® & RTP® with Request for Payments (RfP) mobile invoicing!
Business Owners &
Entrepreneurs: Automate invoicing, eliminate payment delays,
and get paid instantly.
Freelancers &
Contractors: Stop waiting for clients to process ACH
transfers—receive payments in real-time.
Retailers
& Service Providers: Accept secure, real-time invoice payments
with no chargebacks or processing fees.
Banks
& Financial Institutions: Offer your customers the fastest,
most secure invoicing and payment solution.
���� Faster. Smarter. More Secure. That’s Send FedNow®.
���� Talk to your bank today and start using Request for Payments (RfP) with FedNow® & RTP® for real-time invoicing!
Creation Request for Payment Bank File
Enhance Your Send 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.
Contact Us for Request For Payment payment processing
