Request Payments
Request Payments – The New Digital Invoice with Real-Time Speed
Request Payments using FedNow® and RTP® are revolutionizing how businesses send and receive funds. Replacing traditional invoices with modern, ISO 20022-rich RfPs (Requests for Payment), merchants can now initiate one-time or recurring real-time payments via email, SMS, paper, or mobile. These payments are processed instantly and reconciled in real-time, with guaranteed good funds reaching the payee.
From Paper Invoice to Digital Real-Time Payment Request
Invoices sent by mail or email are no longer efficient in today’s fast-moving financial environment. Request for Payment (RfP) files allow businesses to bypass traditional methods and move directly into real-time payment processing, where the payee sends a structured request to the payer—who then approves the transaction instantly through FedNow® or RTP®.
The result: a direct, secure, and verifiable transfer of funds between U.S.-based financial institutions, supported by ISO 20022 messaging and alias-based identifiers (such as email or mobile number).
Key Features of Request Payments via RfP:
- Send one-time or recurring invoices using XML, XLS, CSV, or ISO 20022
- Deliver invoices digitally: mobile, SMS, email, or hosted page
- Real-time credit settlement to the payee
- Alias support eliminates the need for full bank data
- Recurring RfPs function like a digital debit, initiated by the payee
- No batch delays or paper check processing
- Complete and accurate reconciliation with each transaction
- Built-in return/reject code handling
- Free bank reconciliation and AR aging for all clients
RfPs Are the New Digital Invoice—Text, Email, Paper, or Dashboard
Modern businesses demand faster, smarter payment solutions. Traditional invoices sent by mail or email often result in delayed payments, follow-ups, and reconciliation issues. Request Payments, powered by RfPs, solve these issues by enabling digital invoices sent over real-time payment networks—instantly and with certainty.
RfPs function across multiple channels—text message, mobile apps, email, and even physical mail (with scannable QR codes). These digital invoices are built on ISO 20022 rich data, making them readable by any bank-connected dashboard and enabling automated reconciliation.
Whether one-time or recurring (static or variable), RfPs are compatible with file formats such as:
- ISO 20022 XML (pain.001, pain.013)
- .XLS spreadsheets
- .CSV files
- HTML & API integrations
Each invoice is routed securely through the FedNow® or RTP® system, with alias-based identifiers like mobile number or email address.
How Request Payments Work Using RTP® and FedNow®
A Request Payment (RfP) starts as a digital file that is uploaded to a dashboard connected to U.S. financial institutions.
The process:
- Create the RfP using an ISO 20022 XML, CSV, or Excel file.
- Upload the file to your real-time payment dashboard.
- Send the RfP to the payer via email, text, mobile app, or QR code.
- Payer approves, and funds are transferred in real time.
- Receive Good Funds with no reversals or chargebacks.
The funds are credited instantly, but recurring flows function like a digital debit. The payer receives a recurring RfP, authorizes it once or each time, and the payee gets paid without manual processing. Both the sending and receiving banks coordinate to complete the transaction instantly.
Aging RfPs and Bank Reconciliation for Free
Once the RfPs are sent, the payee’s dashboard tracks aging and status in real time. This includes:
- Days outstanding for unpaid RfPs
- Paid RfP confirmations with timestamps
- Return/reject codes for error handling
- Recurring payment scheduling and performance
- Automated reconciliation with FedNow® and RTP® bank data
- Alias-matching across multiple payer identities
- .XLS download of full AR and reconciliation reports
- Integration with QuickBooks® and accounting software
This reconciliation feature is free for all TodayPayments.com clients, enabling complete transparency for every RfP transaction across every U.S. financial institution.
Implementing recurring "Request Payments" from payers to payees through real-time payment systems can streamline billing processes and ensure timely transactions. Here's how it can be done using digital, texting, or paper invoicing methods:
- Digital Invoicing and Payment Requests for Recurring Payments:
- The payee sets up recurring invoices using digital invoicing software or accounting platforms, specifying the payment amount, frequency (e.g., weekly, monthly), and duration.
- Recurring invoices are automatically generated and sent to the payer via email or through the invoicing platform at scheduled intervals.
- The invoice includes instructions for payment, such as a link to initiate payment through a payment gateway supporting real-time payment systems.
- The payer receives the digital invoice and authorizes recurring payments by setting up automatic payments or manually initiating payments through the provided link.
- Real-time payment systems, such as RTP or FedNow, facilitate instant fund transfers from the payer's account to the payee's account for each recurring payment cycle.
- Texting Payment Requests for Recurring Payments:
- The payee sends recurring payment requests to the payer via text message at scheduled intervals, specifying the payment amount and frequency.
- The payment request includes instructions for payment, such as a link to a payment portal supporting real-time payment systems.
- The payer receives the text message and follows the instructions to authorize recurring payments.
- Real-time payment systems process each payment request instantly or within minutes, transferring funds from the payer's account to the payee's account for each recurring payment.
- Paper Invoicing with Real-Time Payments for Recurring Payments:
- The payee generates recurring paper invoices detailing the payment amount, frequency, and duration of recurring payments.
- The paper invoices are sent to the payer via mail or handed over in person at scheduled intervals.
- The payer reviews the invoice and initiates recurring payments through their preferred method, such as online banking or mobile payment apps, leveraging real-time payment systems.
- Real-time payment systems facilitate instant fund transfers for each recurring payment, ensuring timely and efficient transactions between the payer and payee.
In all these scenarios, leveraging real-time payment systems for recurring payments enhances convenience, efficiency, and reliability for both payers and payees, regardless of whether the payment request is initiated digitally, via text message, or through traditional paper invoicing methods.
Send Request Payments Smarter with TodayPayments.com
Tired of chasing down payments and reconciling outdated invoices?
✅ Create Request Payments in
Excel, XML, or CSV
✅ Send real-time RfPs via
FedNow® and RTP®
✅ Get
paid instantly—one-time or recurring
✅
No chargebacks. No batch delays. Just good funds
✅
Free FedNow® bank reconciliation for all clients
Start sending digital Request Payments
today at
https://www.TodayPayments.com
Digital Invoicing.
Real-Time Settlement. Fully Reconciled.
About Request Payments
Recurring mobile RfP FedNow Request Payments can be set up by following these steps:
Choose a payment provider that offers recurring payment options with RfP FedNow Request Payments.
Create a billing plan or subscription plan for your customers. This will include the frequency of the payments (e.g. weekly, monthly), the amount to be paid, and the start and end dates for the payments.
Set up the plan in your payment provider's system and link it to the customer's account.
Notify the customer that you are setting up a recurring payment plan and provide them with the details of the plan, including the amount, frequency, and start and end dates.
Obtain the customer's authorization to set up the recurring payments. This can be done through a signed agreement, an electronic authorization, or other methods that comply with legal requirements.
Process the recurring payments through your payment provider's system on the scheduled dates.
Monitor the payments to ensure that they are processed correctly and address any issues that arise.
It is important to comply with all legal and regulatory requirements when setting up recurring mobile RfP FedNow Request Payments, including obtaining proper authorization from customers and providing them with clear and accurate information about the payment plan.
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 ~ FedNow, $10,000,000 ~ RTP.
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."
Today Payments
...continues to meet the challenge of our clients by offering cost effective "good funds", real-time, instant, credit card, ACH and e-invoice payment processing services into the electronic payment solutions banking system. Electronic banking includes the transfer of funds between companies (B2B) and/or (B2C) consumer accounts for collection and payments. Today Payments Gateway Merchant Services gives your company choices in the method of faster payments that you can accept from your customers.
Our payment processing platform is designed for simplicity and ease-of-use.
SecureQB Cloud payment processing integration for QuickBooks ® give you the Best transaction detail information, real-time, with matching error-proof through QuickBooks.
Process with the Request Payments Professionals
- Automation of Accounts Receivable Collection with Real-Time Settlement & Deposit
- Automation of Accounts Payable Payments with Real-Time Settlement & Deposit
- One-Time & Recurring Real-Time Credits with Settlement & Deposit
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 Payments payment processing
