How Real-Time Business FedNow® & RTP® Work for A2A Transactions
What are FedNow® & RTP®? How Do They Enable Instant Transactions?
Real-Time Business FedNow® & RTP® – Instant
A2A Transactions Using RfP Mobile Invoicing
The Demand for Faster & Smarter Payments
For businesses, freelancers, and service
providers, getting paid instantly is crucial. Yet, traditional
payment methods—including ACH transfers, credit cards, and wire
transfers—come with processing delays, high fees, and manual
reconciliation headaches.
🔹 ACH transfers can take 1-3
business days to clear, slowing cash flow.
🔹 Credit
card transactions come with 2-4% processing fees, reducing profits.
🔹 Manual invoicing leads to late payments and
financial instability.
Now, businesses can streamline invoicing and payments by using Request for Payments (RfP) mobile invoicing with FedNow® & RTP®. These real-time payment networks process A2A (Account-to-Account) transactions instantly, ensuring faster, more secure, and cost-effective transactions between payees and payers.
💡 Imagine sending an invoice and receiving full payment within seconds—24/7/365, with no banking delays or processing fees!
TodayPayments.com explains how Real-Time Business FedNow® & RTP® powered by RfP mobile invoicing transform the way businesses and individuals send and receive payments, eliminating payment delays and enhancing financial efficiency.
Real-Time Business for your business using Real-Time 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 traditional credit card networks or slow ACH processing.
By integrating Request for Payments (RfP) mobile invoicing, businesses can:
✔ Send invoices directly from a
mobile device.
✔ Receive payments instantly, with
no waiting period.
✔ Reduce transaction costs by
eliminating credit card fees.
✔ Ensure secure,
fraud-free transactions with no chargebacks.
How RfP Mobile Invoicing Works for A2A Transactions
1️⃣ The payee (business or
freelancer) sends an invoice via an RfP-enabled system.
2️⃣
The payer (customer) receives an instant payment request
notification.
3️⃣ The payer reviews and approves
the transaction, transferring funds instantly.
4️⃣
Funds are deposited immediately, and the transaction is final—no
chargebacks or waiting periods.
💡 This eliminates unpaid invoices, bank processing delays, and chargeback risks.
Why Businesses Should Use FedNow® & RTP® with RfP Mobile Invoicing
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
uncertainty.
2. Lower Transaction Costs – No Credit Card Fees
💳 Credit card networks charge
businesses 2-4% per transaction.
💰 With FedNow® &
RTP®, payments are direct, eliminating unnecessary costs.
3. 24/7/365 Transactions – No Banking Delays
⏰ Unlike ACH or wire transfers, which depend on banking hours, FedNow® & RTP® process payments anytime—even on weekends and holidays.
4. No Chargebacks – Enhanced Security & Finality
🔒 Credit card transactions can
be reversed, leading to financial losses.
✅
FedNow® & RTP® payments are final, eliminating fraud risks and
disputes.
5. Works for B2B, C2B, and B2C Payments
✅ B2B (Business-to-Business)
Transactions: Pay suppliers and vendors instantly.
✅
C2B (Customer-to-Business) Transactions: Customers make
real-time payments, improving checkout and invoicing.
✅
B2C (Business-to-Customer) Transactions: Businesses issue
payroll, refunds, and rebates instantly.
FedNow® & RTP® vs. Traditional Payment Methods
Comparison Table: Instant Transactions vs. ACH vs. Credit Cards
|
Feature |
FedNow® & RTP® (A2A Transactions with RfP) |
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: RfP-powered FedNow® & RTP® transactions provide the fastest, safest, and most cost-effective solution for A2A payments.
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: Enable Request for Payments (RfP)
in Your Invoicing System.
✅ Step 4:
Start Sending & Receiving Real-Time Payments.
✅
Step 5: Enjoy Lower Costs, Improved Cash Flow, and
Greater Security.
🔹 Once integrated, businesses can process invoices 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 transactions!
Creation Request for Payment Bank File
Enhance Your Real-Time Business 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
