How RfP Request for Pay Service Providers Enable Instant A2A Transactions
What is Request for Pay (RfP) & How Does It Work?
RfP Request for Pay Service Providers – FedNow® & RTP® Instant A2A Transactions Using RfP Mobile Invoicing
The Demand for Faster & Smarter Business Payments
In the digital economy, businesses and individuals can’t afford slow payments. Traditional banking methods such as ACH, wire transfers, and credit cards come with delays, high fees, and security risks that impact cash flow and operational efficiency.
ACH transfers take 1-3
business days to process.
Wire transfers
require manual processing and expensive fees.
Credit card fees range from 2-4%, reducing business profits.
Now, businesses can switch to Request for Pay (RfP) Service Providers powered by FedNow® & RTP® for instant A2A (Account-to-Account) credit transactions, enabling secure, real-time payments between payees and payers.
Imagine sending an invoice and receiving full payment in seconds—24/7/365, with no processing fees or chargebacks!
We are exploring how RfP-enabled FedNow® & RTP® payments transform A2A transactions, making business invoicing faster, more efficient, and more secure through Request for Payments (RfP) mobile invoicing.
RfP Service Provider for your business using Real-Time Payments
Request for Pay (RfP) is a real-time invoicing and payment request system that allows businesses, service providers, and individuals to send digital payment requests directly to customers, prompting them to approve and complete the transaction instantly.
By integrating FedNow® & RTP® for A2A transactions, businesses and individuals can accept payments more efficiently, securely, and at lower costs compared to traditional banking methods.
How RfP Mobile Invoicing Works for A2A Transactions:
1️⃣ The payee (business,
freelancer, or vendor) sends a payment request via an RfP-enabled
platform.
2️⃣ The payer (customer or business)
receives a real-time secure payment request notification.
3️⃣
The payer reviews and approves the transaction instantly,
transferring funds immediately.
4️⃣ Funds are
deposited into the payee’s account—no waiting, no processing
delays.
This eliminates unpaid invoices, batch processing delays, and payment fraud risks.
Why Businesses Should Use RfP Request for Pay Service Providers for A2A Transactions
1. Get Paid Instantly – No More Waiting for Bank Transfers
ACH payments take days, while
FedNow® & RTP® payments process in seconds.
Businesses can access funds immediately, reducing financial
stress.
2. Lower Transaction Costs – No Credit Card Fees
Credit card networks charge
businesses 2-4% per transaction.
With FedNow® &
RTP®, payments are direct, avoiding unnecessary costs.
3. 24/7/365 Transactions – No Banking Delays
⏰ Unlike ACH or wire transfers, which depend on banking hours, FedNow® & RTP® process transactions anytime—even on weekends and holidays.
4. No Chargebacks – Enhanced Security & Finality
Credit card payments can be
reversed, leading to chargeback fraud.
✅ FedNow® &
RTP® transactions are final, eliminating fraud risks and disputes.
5. Works for All Business & Personal Payment Types (B2B, C2B, and B2C)
✅ B2B (Business-to-Business)
Payments: Suppliers, vendors, and contractors receive instant
payments.
✅ C2B (Customer-to-Business)
Payments: Customers can pay businesses in real time, improving
checkout and invoicing.
✅ B2C
(Business-to-Customer) Payments: Businesses can issue payroll,
refunds, and rebates instantly.
Comparing RfP Request for Pay FedNow® & RTP® vs. Traditional Payment Methods
Comparison Table: A2A Transactions vs. ACH vs. Credit Cards
|
Feature |
RfP Request for Pay (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 Use Cases |
B2B, C2B, Freelancers, Gig Economy |
Recurring Payments |
Consumer Retail Transactions |
Large International Transfers |
Key Takeaway: Request for Pay (RfP) with FedNow® & RTP® provides the fastest, safest, and most cost-effective solution for A2A transactions.
Ask us:
RfP Request for Pay FedNow® vs. ACH: Which is
better for businesses?
How to use Request for Pay (RfP) for
real-time A2A transactions.
FedNow® vs. credit cards vs. ACH:
Which is best for payments?
How businesses can get paid
instantly with Request for Pay and FedNow®.
Best A2A credit
transaction solution for B2B, C2B, and B2C payments.
How to Get Started with RfP Request for Pay Service Providers & TodayPayments.com
Step-by-Step Guide:
✅ Step 1: Confirm Your
Bank Supports FedNow® & RTP® Payments.
✅
Step 2: Choose an RfP Request for Pay Service Provider.
✅ Step 3: Set Up Your Account & Enable A2A
Transactions.
✅ Step 4: Send Payment
Requests & Receive Instant Payments.
✅ Step
5: Enjoy Faster, More Secure, and More Reliable
Transactions!
Once integrated, businesses and individuals can process payments instantly, reduce transaction fees, and automate reconciliation.
Start Accepting Instant Payments Today with TodayPayments.com
Are you still waiting days for payments or paying high processing fees? It’s time to switch to instant A2A transactions with Request for Pay and FedNow®!
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® and Request for Pay, payments are faster, smarter, and more secure.
Sign up with TodayPayments.com now and start accepting instant transactions with RfP and FedNow®!
Creation Request for Payment Bank File
Enhance Your RfP Service Provider 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
