Eliminate Chargebacks with FedNow® Across All Banks

What is Real-Time FedNow®?

FedNow® Instant Payments for B2B Transactions Instead of Credit Cards

Real-Time FedNow®: The Power of Instant Payments & Good Funds Availability

Real-Time FedNow® is a real-time payment system launched by the Federal Reserve, allowing businesses, financial institutions, and individuals to send and receive instant payments 24/7/365. Unlike ACH, wire transfers, and credit card transactions, which can take hours or even days to settle, FedNow® ensures that payments are processed within seconds, including weekends and holidays.

One of the major benefits of Real-Time FedNow® is Good Funds availability, meaning that once a payment is made, the recipient has immediate access to cleared funds with no delays. This reduces settlement risks, improves cash flow, and eliminates transaction uncertainty for businesses and consumers alike.

Benefits of Real-Time FedNow® & Good Funds

✅ 1. Instant Payment Settlement & Good Funds Availability

• No waiting for transactions to clear—funds are available immediately upon receipt.
• Eliminates delays associated with ACH processing and wire transfer cut-off times.

✅ 2. Faster Cash Flow & Liquidity Management

• Businesses and individuals receive instant access to funds, improving financial planning.
• Reduces reliance on short-term financing due to delayed receivables.

✅ 3. Lower Transaction Costs vs. Traditional Methods

• FedNow® transactions cost less than wire transfers and ACH batch processing.
• Avoid credit card interchange fees, which range from 2.5% to 3.5% per transaction.

✅ 4. Secure & Fraud-Resistant Transactions

• FedNow® transactions are final and cannot be reversed, reducing fraud risks.
• Good Funds availability ensures that businesses don’t risk failed payments due to insufficient funds.

✅ 5. 24/7/365 Payment Processing

• Unlike ACH and wire transfers, which operate only on business days, FedNow® processes payments any time of the day or week.
• Ideal for emergency transactions, payroll, and supplier payments that require instant settlement.

How Real-Time FedNow® & Good Funds Work

1️⃣ A sender initiates a payment through the FedNow® network.
2️⃣ The transaction is processed instantly, with funds transferred in real time.
3️⃣ The recipient’s account is credited immediately, ensuring Good Funds availability.
4️⃣ The payment is final and cannot be reversed, providing full payment security.

Unlike ACH (1–3 business days) or wire transfers (which require cut-off times and manual approval), Real-Time FedNow® ensures an instant and seamless payment process with guaranteed Good Funds availability.

Use Cases for Real-Time FedNow® & Good Funds Payments

📌 B2B Supplier & Vendor Payments – Instantly pay suppliers to strengthen relationships and avoid late fees.
📌 Payroll & Contractor Payments – Pay employees and freelancers immediately, even on weekends.
📌 Intercompany Transfers – Move funds between business accounts instantly.
📌 E-commerce & Online Payments – Enable real-time checkout without credit card fees.
📌 Invoice & Subscription Payments – Reduce accounts receivable delays for better cash flow.

Real-Time FedNow® vs. Traditional Payment Methods

Feature	Real-Time FedNow® Payments	ACH Transfers	Wire Transfers	Credit Cards
Speed	Instant (seconds)	1–3 business days	Same-day (cutoff restrictions)	1–3 business days
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than wires & credit cards	Low, but slower	High	2.9% + fees
Good Funds Availability	Immediate	Delayed (pending processing)	Varies (manual processing required)	Depends on bank holds
Best For	B2B, payroll, supplier transactions, online payments	Recurring batch payments	Large, one-time international transactions	Consumer transactions

How to Get Started with Real-Time FedNow® Payments

🔹 Check with Your Bank or Payment Processor – Ensure that your financial institution supports FedNow® transactions.
🔹 Set Up a FedNow®-Enabled Business Account – Enable real-time business payments for faster transactions.
🔹 Integrate FedNow® with Payment Systems – Use software like QuickBooks®, NetSuite, SAP, and ERP solutions.
🔹 Educate Your Team & Customers – Train employees and inform customers about FedNow® for instant, secure transactions.

🚀 Upgrade to real-time payments with FedNow® today! Contact us below to enable instant transactions with Good Funds availability and streamline financial operations.

Creation Request for Payment Bank File

Enhance Your Real-Time FedNow 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.