FedNow® Services: Instant Real-Time Payments & Request for Payment (RfP) for All Business Accounts
How FedNow® Services Work for Businesses
FedNow® Services: Instant Real-Time Payments
& Request for Payment (RfP) for All Business Accounts
Transforming Business Transactions with
FedNow® Services
The U.S. Federal Reserve’s FedNow® Service is revolutionizing how businesses handle payments, ensuring instant, secure, and seamless transactions for B2B, B2C, and C2B transactions. By leveraging ISO 20022 messaging with Request for Payment (RfP), businesses can request, approve, and receive payments in real time, eliminating delays caused by ACH, wire transfers, or credit card processing.
We are not a bank, but we provision all banks to FedNow® merchant processing, allowing businesses to connect seamlessly to real-time payments. Whether you need:
✅ One Bank Account to Manage Multiple
FedNow® Merchant Accounts
✅ Multiple FedNow® Merchant
Accounts Linked to One Bank Account
With instant online applications, activations, and approvals, you can start processing FedNow® payments without visiting a bank—even for high-risk industries
Multiple FedNow® Merchant Accounts with One Bank Account for your business using instant payments
Ask us how:
- "How to open a FedNow® merchant account online instantly without visiting a bank"
- "Why FedNow® real-time payments are the best solution for high-risk businesses and digital merchants"
- "The benefits of FedNow® Services for instant B2B, B2C, and C2B transactions using ISO 20022 messaging and Request for Payment (RfP)"
- "How businesses can save money by switching from credit card processing to FedNow® instant payments"
- "The fastest way to open multiple FedNow® merchant accounts and manage them from one bank account"
How FedNow® Services Work for Businesses
Instant Real-Time Payments – No Bank Visit Required
✔ Apply, activate, and get
approved online within minutes
✔ Instant approvals
for all business accounts, including high-risk merchants
✔ Process FedNow® transactions 24/7/365 with real-time fund
access
Request for Payment (RfP) – Simplify Payment Collection
✔ Send instant payment requests
using ISO 20022 messaging
✔ Customers, vendors,
and businesses can approve and send payments immediately
✔ Enhances cash flow management and reduces reconciliation
errors
Flexible Bank Account Integration – Optimize Your Payment Management
✔ Use one bank account to manage
multiple FedNow® merchant accounts
✔ Link multiple
FedNow® merchant accounts to a single bank account
✔
Customizable routing for better financial control and automation
Key Benefits of FedNow® Services for Businesses
1️⃣ Instant Online Application – No Lengthy Bank Approvals
✔ Apply and get approved
online—no in-person verification required
✔ Ideal
for businesses needing multiple merchant accounts or high-risk
payment processing
2️⃣ Real-Time Payment Settlements with FedNow®
✔ Eliminates ACH and wire
transfer delays—instant payment settlements
✔
Available 24/7/365, including weekends and holidays
3️⃣ Request for Payment (RfP) Enhances Payment Efficiency
✔ Provides a seamless payment
request system for B2B, B2C, and C2B transactions
✔
Standardized ISO 20022 messaging for secure and compliant
transactions
4️⃣ No Chargebacks or Payment Reversals
✔ Payments are final,
eliminating fraud risks and chargeback disputes
✔
Unlike credit cards, no rolling reserves or hidden processing fees
5️⃣ Lower Transaction Costs – No High Credit Card Fees
✔ Avoid expensive interchange
fees and ACH processing costs
✔ Flat-rate,
transparent pricing—no hidden charges
6️⃣ Secure & Compliant for All Business Types – Including High-Risk Merchants
✔ Supports eCommerce, digital
services, SaaS, and high-risk industries
✔ Fully
compliant with FedNow® regulatory and security standards
7️⃣ Multiple FedNow® Merchant Accounts with One Bank Account
✔ Link multiple FedNow® accounts
to a single bank account for centralized payment control
✔ Use one bank account to manage multiple FedNow® merchant
accounts for different businesses
✔ Streamline
cash flow and optimize financial operations
Open Your FedNow® Merchant Account Online with TodayPayments!
Why struggle with slow banking approvals and high transaction fees when you can open and activate a FedNow® Merchant Account online instantly? Whether you need one FedNow® account or multiple accounts linked to a single bank, our solution allows real-time payments with no delays.
Apply today with TodayPayments and start processing FedNow® instant payments—no bank visits, no hassle!
Creation Request for Payment Bank File
Enhance Your %URL% 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 %URL% payment processing pricing
