RTP® Payment Request (RfP): Instant A2A Credit and Debit Transactions
What is RTP® Payment Request (RfP) & How It Works?
RTP® Payment Request (RfP): Instant A2A Credit and Debit Transactions
The New Era of Instant Payments with RTP® RfP
In today’s fast-paced digital economy, businesses and consumers require instant, secure, and cost-effective payment solutions. Traditional payment methods like ACH, checks, and credit cards introduce delays, high fees, and chargeback risks—slowing down cash flow and financial efficiency.
RTP® Payment Request (RfP) changes the game by enabling instant Account-to-Account (A2A) credit and debit transactions. Businesses can request payments in real time, and customers can authorize payments instantly—ensuring immediate fund availability 24/7/365.
With the power of ISO 20022 messaging, B2B, C2B, and B2C transactions are now more secure, structured, and efficient. Whether you’re a business owner, merchant, or financial institution, RTP® RfP offers unparalleled speed, security, and transparency for instant payments.
Perfect for B2B, C2B, and B2C Transactions
What is RTP® Payment Request (RfP) & How It Works?
Instant Payment Requests & Real-Time A2A Transactions
✔ Businesses can send a
real-time Request for Payment (RfP)
✔
Customers/vendors receive the request and authorize payments
instantly
✔ Payments settle within seconds,
eliminating processing delays
���� Secure Transactions with ISO 20022 Messaging
✔ Structured payment data
ensures accuracy and fraud prevention
✔ Compliance
with financial regulations for secure transactions
✔
Supports automation for faster reconciliation and reporting
���� B2B, C2B, and B2C Payment Flexibility
✔ B2B Transactions:
Vendors and suppliers receive instant payments
✔
C2B Transactions: Customers pay merchants in real time,
reducing checkout friction
✔ B2C Transactions:
Businesses can process payroll, refunds, and payouts instantly
Ask us HOW:
- "How RTP® Payment Request (RfP) enables real-time A2A transactions for businesses"
- "The benefits of RTP® RfP over ACH and credit card payments for B2B, C2B, and B2C transactions"
- "Why ISO 20022 messaging improves security and compliance in instant payments"
- "How businesses can reduce costs and eliminate chargebacks with RTP® RfP"
- "How to use RTP® Payment Request (RfP) for instant invoice payments and payroll processing"
Itemized Benefits of RTP® Payment Request (RfP) for Instant Payments
1️⃣ Faster Payments & Real-Time Settlements
✔ Payments settle within
seconds, even on weekends and holidays
✔ No
waiting for ACH batch processing—immediate cash flow improvement
2️⃣ Certainty of Good Funds – No Chargebacks or Payment Reversals
✔ Payments are final and
irrevocable, reducing chargeback risks
✔ No
pending transactions or authorization holds—ensuring payment
certainty
3️⃣ Cost Savings – No Credit Card Fees or ACH Costs
✔ No high interchange fees
associated with credit card transactions
✔ Lower
processing costs compared to ACH and wire transfers
4️⃣ Enhanced Security & Compliance with ISO 20022 Messaging
✔ Detailed payment data ensures
seamless reconciliation and compliance
✔ Stronger
fraud detection mechanisms for safer transactions
5️⃣ 24/7/365 Availability – No Banking Delays
✔ Works 24/7, including weekends
and holidays
✔ Eliminates delays associated with
traditional banking hours
6️⃣ Perfect for B2B, C2B, and B2C Transactions
✔ B2B Payments: Instantly
pay suppliers and vendors for faster operations
✔
C2B Payments: Customers can send money in real-time with no
delays
✔ B2C Payments: Businesses can
process payroll, refunds, and payouts instantly
Accept RTP® Instant Payments with TodayPayments!
Why rely on slow, outdated payment methods when you can streamline your payments with RTP® Payment Request (RfP)?
���� Start accepting instant, secure RTP® Faster Payments today!
Sign up with
TodayPayments and integrate RTP® Payment Request (RfP)
into your business for real-time transactions!
Creation Request for Payment Bank File
Enhance Your FedNow Payment Request 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
