How Request From Payee Works with FedNow® & RTP®
What Is Request From Payee & How Does It Work?
Real-Time instant payments, are defined simply as: Irrevocably collected funds in a bank account and usable immediately by the owner of the account. Our "Good Funds" payment gateway allows for instant real-time digital payments that are immediate, irrevocable, intra-bank and/or interbank account-to-account (A2A) transfers that utilize a real-time messaging system connected to every transaction participant through all U.S.-based financial institutions.
Request From Payee (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, partners, or vendors, prompting them to approve and complete the transaction instantly via FedNow® & RTP®.
This streamlined payment request system ensures that payments are processed in real time, improving cash flow and reducing the risk of unpaid invoices.
How Request From Payee Works for A2A Transactions:
1️⃣ The payee (business,
freelancer, or vendor) generates a payment request via an
RfP-enabled platform.
2️⃣ The payer (customer or
business) receives a secure payment request notification.
3️⃣
The payer reviews and approves the transaction, initiating an
instant transfer.
4️⃣ Funds are deposited
immediately into the payee’s account—no waiting, no processing
delays.
💡 This eliminates unpaid invoices, batch processing delays, and chargeback risks.
Why Businesses Should Use Request From Payee with FedNow® & RTP®
1. Get Paid Instantly – No More Waiting for ACH or Wire Transfers
🚀 ACH transactions take days,
while FedNow® & RTP® payments process in seconds.
💰
Businesses no longer have to wait for payments, improving
financial stability.
2. Lower Transaction Costs – No Credit Card Fees
💳 Credit card transactions come
with 2-4% processing fees per transaction.
💰 With
FedNow® & RTP®, payments are direct, avoiding unnecessary
middleman costs.
3. 24/7/365 Payments – 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 payments allow
chargebacks, leading to fraud risks.
✅ FedNow® &
RTP® transactions are final, eliminating chargeback disputes.
5. Works for B2B, C2B, and B2C Payments
✅ B2B (Business-to-Business)
Transactions: Vendors, suppliers, and contractors receive
instant payments.
✅ C2B (Customer-to-Business)
Transactions: Customers make real-time payments, improving
checkout efficiency.
✅ B2C
(Business-to-Customer) Transactions: Businesses send payroll,
refunds, and rebates instantly.
Features & Benefits
FedNow instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $1,000,000.
It's Fast: 24/7/365 access to funds anytime vs.
several days for paper checks or ACH transfers to process.
Request for Payments ( RfP ™): Mobile & Online Real-Time Bill Payments.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
Software Integration: Integrate your Management
or Enterprise software with us.
Message Detail: Full 145 characters available
using ISO 20022 messaging XML format.
Online Down Payments: Don't use inconvenient
and expensive Wires & Cashier's Checks.
Online Real-Time Reporting: Configured
Dashboard with Virtual Terminal login.
Reduced calls / emails in the "Purchasing Chain": All
parties to a instant payment transaction receive immediately
text & email messaging.
The
FedNow and RTP Systems enables Participants to initiate credit transfers,
receive final and irrevocable settlement for credit transfers,
and make available to Receivers funds associated with such
credit transfers in real-time, twenty-four (24) hours a day,
seven (7) days a week, fifty-two (52) weeks a year. All instant payments are "Credit
Push" instead of "Debit Pull."
Creation Request for Payment Bank File
Call us, the .csv and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) shows how to implement Create Real-Time Payments Request for Payment File up front delivering a message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continues through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.
... 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.
1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support
2) We create .csv or .xml formatting using your Bank or Credit Union. Create Multiple Templates. Payer/Customer Routing Transit and Deposit Account Number may be required to import with your bank. You can upload or "key data" into our software for File Creation of "Mandatory" general file.
Fees = $57 monthly, including Support Fees and Batch Fee, Monthly Fee, User Fee, Additional Payment Method on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,
3) Payer Routing Transit and Deposit Account Number is NOT required to import with your bank. We add your URI for each separate Payer transaction.
Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG
4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.
Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.
Contact Us for Request For Payment payment processing
