Reliable FedNow® Real-Time Payment Services

What is FedNow® Real-Time?

FedNow® Real-Time Payments: The Future of Instant Transactions

FedNow® Real-Time is a real-time payment system developed by the Federal Reserve, enabling businesses, financial institutions, and consumers to send and receive instant payments 24/7/365. Unlike traditional payment methods such as ACH, wire transfers, and credit card transactions, which can take hours or even days to process, FedNow® ensures that transactions are settled within seconds—anytime, including weekends and holidays.

With FedNow® Real-Time Payments, businesses can optimize cash flow, enhance financial security, and reduce transaction costs, making it a game-changer for B2B, payroll, retail, and e-commerce transactions.

Benefits of FedNow® Real-Time Payments

✅ 1. Instant Transactions, 24/7/365

• Payments settle within seconds—no more waiting for bank hours, weekends, or holidays.
• Ideal for emergency payments, payroll, and supplier transactions.

✅ 2. Improved Cash Flow & Liquidity

• Immediate fund availability helps businesses manage expenses efficiently.
• Reduces reliance on short-term financing and credit lines.

✅ 3. Lower Transaction Costs vs. Traditional Methods

• Avoid high wire transfer fees and eliminate ACH batch processing costs.
• No credit card interchange fees, which can range from 2.5% to 3.5%.

✅ 4. Secure & Fraud-Proof Transactions

• FedNow® transactions are final and irreversible, reducing fraud risks.
• Built-in compliance measures protect against unauthorized payments.

✅ 5. Seamless Integration with Business Systems

• Works with ERP, accounting, and payment platforms like QuickBooks®, SAP, and NetSuite.
• Supports both B2B and B2C transactions for faster payment processing.

How FedNow® Real-Time Works

1️⃣ A business or individual initiates a payment request through the FedNow® network.
2️⃣ The payment is instantly processed, with funds transferred within seconds.
3️⃣ The recipient’s account is credited immediately, with no delays.
4️⃣ Both parties receive instant confirmation, ensuring transparency and security.

Unlike ACH, which takes 1–3 days, or wire transfers, which require cut-off times, FedNow® operates in real-time, providing the fastest and most secure payment solution available.

Who Can Benefit from FedNow® Real-Time Payments?

📌 B2B Companies & Enterprises – Instantly pay suppliers, vendors, and partners to improve cash flow and business efficiency.
📌 E-commerce & Retailers – Accept real-time payments for instant order processing.
📌 Payroll & HR Departments – Pay employees and contractors without delays.
📌 Freelancers & Gig Economy Workers – Receive payments immediately without ACH processing delays.
📌 Financial Institutions & Fintech Providers – Enhance customer experience by offering instant payment solutions.

FedNow® Real-Time vs. Traditional Payment Methods

Feature	FedNow® Real-Time Payments	ACH Transfers	Wire Transfers	Credit Cards
Speed	Instant (seconds)	1–3 business days	Same-day (cutoff restrictions)	1–3 business days
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than wires & credit cards	Low, but slower	High	2.9% + fees
Settlement Finality	Immediate & irreversible	Can be reversed	Final	Can be disputed
Best For	B2B, payroll, supplier transactions, online payments	Recurring batch payments	Large, one-time international transactions	Consumer transactions

How to Get Started with FedNow® Real-Time Payments

🔹 Check with Your Bank or Payment Processor – Ensure that your financial institution supports FedNow® transactions.
🔹 Set Up a FedNow®-Enabled Business Account – Enable real-time business payments for faster transactions.
🔹 Integrate FedNow® with Payment Systems – Use software like QuickBooks®, NetSuite, SAP, and ERP solutions.
🔹 Educate Your Team & Customers – Train employees and inform customers about FedNow® for faster, more secure transactions.

🚀 Upgrade to real-time payments with FedNow® today! Contact us below to enable instant business transactions and streamline financial operations.

Creation Request for Payment Bank File

Enhance Your %URL% 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.