How FedNow® & RTP® Enable Real-Time Business A2A Transactions
What Are FedNow® & RTP®? How Do They Work?
Real-Time Business FedNow® & RTP® – Instant
A2A Credit & Debit Transactions for B2B, C2B, B2C
The Future of Real-Time Business Payments
Traditional payment systems can’t keep up with
modern business needs. Whether it's delayed ACH payments, expensive
wire transfers, or high credit card fees, businesses and consumers
struggle with inefficiencies that impact cash flow and operational
costs.
ACH transactions take 1-3
business days to clear.
Wire transfers are costly
and restricted by banking hours.
Credit card fees
(2-4%) eat into profit margins.
Now, businesses can send and receive real-time A2A (Account-to-Account) credit & debit transactions using FedNow® & RTP® (Real-Time Payments)—ensuring faster, more secure, and lower-cost transactions for B2B, C2B, and B2C payments.
Imagine processing business transactions instantly—24/7/365, with no processing fees or banking delays!
TodayPayments.com explains how real-time business payments via FedNow® & RTP® revolutionize A2A credit & debit transactions, providing businesses with a smarter, faster, and more cost-effective alternative to traditional payments.
Attributes of "Real-Time Business" for your business using instant payments
FedNow® and RTP® (Real-Time Payments) are instant payment networks that allow businesses and individuals to send and receive payments directly between bank accounts—without relying on credit card networks or slow ACH processing.
Unlike traditional payment systems, FedNow® & RTP® transactions settle in seconds, allowing businesses to improve cash flow, reduce costs, and enhance financial security.
How A2A Credit & Debit Transactions Work with FedNow® & RTP®
✅ A sender initiates an instant
payment via FedNow® or RTP®.
✅ The transaction is
processed in real-time, eliminating batch processing delays.
✅ The recipient receives funds immediately—no waiting
period.
✅ Payments are final and irrevocable,
reducing fraud risks.
This system eliminates credit card intermediaries, reducing costs and accelerating business transactions.
Why Businesses Should Use Real-Time FedNow® & RTP® Payments
1. Instant Payments Improve Cash Flow
ACH transfers take days,
while FedNow® & RTP® payments process in seconds.
Businesses no longer have to wait for payments, ensuring smoother
financial operations.
2. Lower Transaction Costs – No Credit Card Processing Fees
Credit card fees range from
2-4% per transaction.
With FedNow® & RTP®,
payments are direct, cutting out unnecessary middlemen.
3. 24/7/365 Transactions – No Banking Delays
⏰ Traditional bank transfers are
restricted to business hours and cut-off times.
✅
FedNow® & RTP® work anytime, including weekends and holidays.
4. No Chargebacks – Enhanced Security & Finality
Credit card transactions
allow chargebacks, creating fraud risks for businesses.
✅
FedNow® & RTP® payments are final and secure, eliminating
disputes.
✅ B2B Transactions:
Suppliers, vendors, and service providers receive payments
instantly.
✅ C2B Transactions: Customers
pay businesses in real time, improving checkout and invoicing.
✅ B2C Transactions: Businesses send instant
payroll deposits, refunds, and rebates.
Real-Time FedNow® & RTP® vs. Traditional Payment Methods
Comparison Table: A2A Transactions vs. ACH vs. Credit Cards
|
Feature |
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 For |
B2B, C2B, Freelancers, Gig Economy |
Recurring Payments |
Consumer Retail Transactions |
Large International Transfers |
Key Takeaway: FedNow® & RTP® offer the fastest, safest, and most cost-effective solution for real-time A2A transactions.
Ask us:
Real-time business payments with FedNow® &
RTP®.
How to use A2A credit & debit transactions for B2B
payments.
FedNow® vs. ACH vs. credit cards: Which is best for
businesses?
How businesses can save money using real-time
payments with RTP®.
Best instant payment solution for B2B, C2B,
and B2C transactions.
How to Get Started with FedNow® & RTP® for Business Transactions
Step-by-Step Guide:
✅ Step 1: Confirm Your
Bank Supports FedNow® & RTP®.
✅ Step 2:
Set Up Your Business Account for Instant A2A Payments.
✅ Step 3: Integrate FedNow® & RTP® with
Your Invoicing & Payment Systems.
✅ Step 4:
Start Sending & Receiving Payments in Real Time.
✅
Step 5: Enjoy Lower Costs, Improved Cash Flow, and
Greater Security.
Once integrated, businesses can process payments instantly, reduce transaction fees, and automate reconciliation.
Upgrade Your Payment System with TodayPayments.com
Are you still waiting days for payments or paying high processing fees? It’s time to switch to real-time A2A transactions with FedNow® & RTP®!
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® & RTP®, payments are faster, smarter, and more secure.
Sign up with TodayPayments.com now and start accepting real-time A2A transactions!
Creation Request for Payment Bank File
Enhance Your Real-Time Business 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.
Contact Us for Real-Time Business payment processing pricing
