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Pay With FedNow® & RTP®: The Power of Request for Payments (RfP) Mobile Invoicing
What is Request for Payments (RfP) and How Does It Work?
Pay With FedNow® & RTP®: Instant Payments with Request for Payments (RfP) Mobile Invoicing
The Future of Instant Invoicing & Payments
In today’s fast-paced digital economy, businesses and freelancers need a way to invoice customers and receive payments instantly—without delays, chargebacks, or excessive fees. Traditional payment methods, such as ACH, credit cards, and wire transfers, are slow, costly, and inefficient for modern businesses.
���� ACH payments take 1-3
business days to clear
���� Credit card fees
cut into profits (2-4% per transaction)
����
Wire transfers are expensive and limited by banking hours
What if businesses and freelancers could request payments directly from customers—instantly, 24/7/365?
With Pay With FedNow® & RTP® (Real-Time Payments) powered by Request for Payments (RfP) mobile invoicing, businesses can:
✔ Send invoices directly from
their mobile device
✔ Receive payments instantly
from payers with no delays
✔ Eliminate processing
fees and improve cash flow
✔ Ensure secure,
fraud-resistant transactions with no chargebacks
Today Payments
explores how Pay With FedNow® & RTP® integrate Request for
Payments (RfP) mobile invoicing to revolutionize how businesses
request and receive payments.
Use "Pay with FedNow" for your business using Real-Time Payments
Request for Payments (RfP) is an instant payment request feature built into FedNow® and RTP® systems that enables businesses to send invoices directly to customers, prompting immediate payment.
Unlike traditional invoicing methods, RfP allows businesses to send requests that customers can instantly approve and pay—directly from their bank account.
How Request for Payments (RfP) Works in Mobile Invoicing
1️⃣ A business or freelancer
sends an invoice via a mobile app.
2️⃣ The
customer receives a real-time payment request.
3️⃣
The payer approves the payment, completing the transaction
instantly.
4️⃣ Funds are deposited into the
payee’s account immediately—no delays.
���� No waiting for ACH
transfers
���� No chargebacks or disputes
���� No credit card processing fees
This instant, secure, and automated process simplifies payments for businesses and consumers alike.
Why Businesses Should Switch to Pay With FedNow® & RTP® for Mobile Invoicing
1. Instant Payments Improve Cash Flow
���� Businesses no longer have
to wait days for invoice payments to clear.
����
Funds are available immediately after the payer approves the
payment.
2. No More Credit Card Fees
���� Credit card transactions come
with high processing fees.
���� With Pay With
FedNow®, businesses retain more of their revenue.
3. 24/7/365 Payments – Even on Weekends & Holidays
⏰ Unlike ACH or wire transfers, which depend on banking hours, FedNow® & RTP® payments are processed instantly, 24/7.
4. Enhanced Security & No Chargebacks
���� Once a FedNow® or RTP® payment is completed, it’s final—eliminating chargebacks and fraud risks.
5. Works for All Types of Transactions
✅ B2B Payments – Send
invoices to vendors & get paid instantly.
✅ C2B
Payments – Allow customers to pay service invoices
immediately.
✅ Freelancers & Gig Workers –
Get paid the moment an invoice is sent.
Pay With FedNow® & RTP® vs. Traditional Invoicing & Payments
Comparison Table: RfP Mobile Invoicing vs. Traditional Payment Methods
|
Feature |
Pay With FedNow® & RTP® (RfP) |
ACH Transfers |
Credit Cards |
Wire Transfers |
|
Invoice 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? Request for Payments (RfP) in FedNow® & RTP® is the fastest, most secure, and cost-effective invoicing solution available today.
Attributes:
How to use Pay With FedNow® & RTP® for
instant invoice payments
Request for Payments (RfP) mobile
invoicing explained
FedNow® vs. credit cards vs. ACH: Which is
best for invoicing?
How businesses can get paid instantly with
FedNow® RfP
Best invoicing solution for freelancers using
real-time payments
How to Integrate Pay With 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 Pay With FedNow® & RTP® with Request for Payments (RfP) mobile invoicing!
Business Owners &
Entrepreneurs: Get paid instantly, eliminate processing fees,
and streamline your invoicing workflow.
Freelancers
& Contractors: Stop waiting for invoice payments—get paid in
real-time!
Retailers & Service Providers:
Accept secure, real-time payments with no chargebacks.
Banks & Financial Institutions: Offer your
customers the fastest, most secure invoicing and payment solution.
���� Faster. Smarter. More Secure. That’s Pay With 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 Pay With 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
