Request for Pay Service Providers – FedNow® & RTP® for A2A Instant Transactions
What is Request for Pay (RfP) & How Does It Work?
Request for Pay Service Providers – FedNow® & RTP® Instant A2A Transactions Using RfP Mobile Invoicing
The Need for Faster & Smarter Business Payments
For businesses, service providers, and individuals, slow payments mean slow growth. Traditional banking methods—ACH, wire transfers, and credit cards—cause delays, high fees, and financial bottlenecks that limit cash flow and operational efficiency.
ACH payments take 1-3 business
days to clear.
Wire transfers are expensive and
bound by banking hours.
Credit card payments come
with high processing fees (2-4%).
Now, with Request for Pay (RfP) Service Providers leveraging FedNow® and RTP® (Real-Time Payments), businesses and individuals can send and receive instant A2A (Account-to-Account) transactions using RfP mobile invoicing—eliminating processing delays and improving financial efficiency.
Imagine sending an invoice and receiving full payment in seconds—24/7/365, with no transaction fees or chargebacks.
TodayPayments.com explains how FedNow® & RTP® powered by Request for Pay (RfP) enable secure, real-time A2A transactions between payees and payers, enhancing business cash flow, reducing costs, and improving payment efficiency.
"RfP Service Providers" for your business using Real-Time Payments
Request for Pay (RfP) is a real-time invoicing and payment request feature that allows businesses, service providers, and freelancers to send digital payment requests directly to customers, prompting them to approve and complete the transaction instantly.
With FedNow® & RTP® powering A2A transactions, businesses can accept payments faster, safer, and at lower costs compared to traditional methods.
How Request for Pay (RfP) Mobile Invoicing Works:
1️⃣ The payee (business,
freelancer, or vendor) sends a real-time payment request through
an RfP-enabled platform.
2️⃣ The payer (customer
or business) receives a secure payment request notification.
3️⃣
The payer reviews and approves the transaction, initiating an
instant fund transfer.
4️⃣ Funds are immediately
credited to the payee’s account, with no processing delays.
This eliminates unpaid invoices, batch processing delays, and payment fraud risks.
Why Businesses Should Use Request for Pay Service Providers for A2A Transactions
1. Get Paid Instantly – No More Waiting for ACH or Wire Transfers
ACH transactions take days,
while FedNow® & RTP® payments process in seconds.
Businesses access funds immediately, reducing financial stress.
2. Lower Transaction Costs – No Credit Card Fees
Credit card networks charge
businesses 2-4% per transaction.
With FedNow® &
RTP®, payments are direct, avoiding unnecessary costs.
3. 24/7/365 Transactions – No Banking Delays
⏰ Unlike ACH or wire transfers, which depend on banking hours, FedNow® & RTP® process transactions anytime—even on weekends and holidays.
4. No Chargebacks – Enhanced Security & Finality
Credit card payments can be
reversed, leading to chargeback fraud.
✅ FedNow® &
RTP® transactions are final, eliminating fraud risks.
5. Works for All Business & Personal Payment Types (B2B, C2B, and B2C)
✅ B2B (Business-to-Business)
Payments: Suppliers, vendors, and contractors receive instant
payments.
✅ C2B (Customer-to-Business)
Payments: Customers can pay businesses in real time.
✅ B2C (Business-to-Customer) Payments: Businesses
can issue payroll, refunds, and rebates instantly.
Request for Pay Service Providers vs. Traditional Payment Methods
Comparison Table: A2A Transactions vs. ACH vs. Credit Cards
|
Feature |
Request for Pay (FedNow® & RTP® A2A Transactions) |
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 |
Varies by Bank |
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 |
Key Takeaway: Request for Pay (RfP) with FedNow® & RTP® provides the fastest, safest, and most cost-effective solution for A2A transactions.
Attributes: Ask US
Request for Pay FedNow® vs.
ACH: Which is better for businesses?
How to use
Request for Pay (RfP) for real-time A2A transactions
FedNow®
vs. credit cards vs. ACH: Which is best for payments?
How
businesses can get paid instantly with Request for Pay and FedNow®
Best A2A credit transaction solution for B2B, C2B,
and B2C payments.
How to Start Using Request for Pay Service Providers with FedNow® & RTP®
Step-by-Step Guide:
✅ Step 1: Ensure Your
Bank Supports FedNow® & RTP® Payments.
✅ Step
2: Enable Request for Pay (RfP) Through an Approved Provider.
✅ Step 3: Send Instant Payment Requests to
Customers or Businesses.
✅ Step 4: Receive
Instant Payments Directly Into Your Account.
✅
Step 5: Enjoy Faster, More Secure, and More Reliable
Transactions!
Once integrated, businesses and individuals can process payments instantly, reduce transaction fees, and automate reconciliation.
Salesy Conclusion: Future-Proof Your Business with Request for Pay & FedNow®
Are you still waiting days for payments or paying high processing fees? It’s time to switch to instant A2A transactions with Request for Pay and FedNow®!
Business Owners &
Entrepreneurs: Automate invoicing, eliminate payment delays, and
improve cash flow.
Freelancers & Contractors:
Stop waiting for clients to process ACH payments—get paid
instantly.
Retailers & Service Providers:
Accept real-time customer payments with no chargebacks.
Banks & Financial Institutions: Offer your customers the
fastest, most secure payment option available today.
With FedNow® and Request for Pay, payments are faster, smarter, and more secure.
Talk to US today and start using Request for Pay (RfP) with FedNow® & RTP® for real-time transactions!
Creation Request for Payment Bank File
Enhance Your %URL% 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
