Optimize B2B Transactions with FedNow® Instant Payments

Enhance Your Invoicing and Payment Efficiency Across Sectors

What Are FedNow® Business Payments?

FedNow® Business Payments is a real-time payment solution designed for businesses to send and receive funds instantly, 24/7/365. Powered by the Federal Reserve’s FedNow® network, this system eliminates delays in ACH payments, wire transfers, and checks, providing businesses with immediate cash flow, faster transactions, and increased financial security.

Unlike traditional bank transfers, which may take days to process, FedNow® Business Payments settle within seconds, giving businesses an edge in supplier payments, payroll, e-commerce transactions, and more.

Benefits of FedNow® Business Payments

✅ 1. Instant, 24/7/365 Transactions

·        No waiting for bank hours—process payments anytime, including weekends and holidays.

·        Receive funds within seconds, ensuring faster financial operations.

✅ 2. Improved Cash Flow & Liquidity

·        No more waiting for ACH transfers to clear—FedNow® provides instant access to funds.

·        Reduces the risk of cash flow bottlenecks and improves financial stability.

✅ 3. Lower Transaction Costs

·        FedNow® transactions are more cost-effective than wire transfers.

·        Eliminates paper check processing fees and ACH batch fees.

✅ 4. Enhanced Security & Fraud Prevention

·        Final and irreversible payments reduce fraud risks.

·        Advanced security measures ensure compliance and safe transactions.

✅ 5. Better Business Relationships

·        Faster supplier payments improve trust and payment terms.

·        Strengthens business credibility with instant B2B and B2C transactions.

How FedNow® Business Payments Work

1️ A business initiates a payment request through the FedNow® network.
2️ Funds are transferred instantly to the recipient’s bank account.
3️ Both businesses receive confirmation in real-time, eliminating uncertainty.
4️ The transaction is final, with no reversals or delays.

By bypassing traditional bank processing, FedNow® Business Payments offer businesses immediate access to funds, making operations more efficient and seamless.

FedNow® Business Payment Use Cases

💼 Supplier & Vendor Payments – Make instant B2B payments to improve supplier relationships.
💰 Payroll & Contractor Payments – Pay employees and freelancers immediately.
🏢 E-commerce & Retail Transactions – Process real-time payments for better customer satisfaction.
⚡ Intercompany Fund Transfers – Move business funds across accounts instantly.
📈 Invoice & Subscription Payments – Speed up accounts receivable and cash flow.

FedNow® Business Payments vs. Traditional Payment Methods

Feature	FedNow® Business Payments	ACH Transfers	Wire Transfers	Checks
Speed	Instant (seconds)	1–3 business days	Same-day (with cutoffs)	3–7 business days
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than wires & ACH	Low, but slow	High	High (processing, mailing)
Settlement Finality	Immediate & irreversible	Can be reversed	Final	Can be lost or delayed
Best For	B2B payments, payroll, supplier transactions, e-commerce payments	Recurring batch payments	Large, one-time international transactions	Legacy payments

How to Get Started with FedNow® Business Payments

🔹 Check with Your Bank – Ensure your financial institution offers FedNow® Business Payments.
🔹 Set Up a FedNow®-Enabled Business Account – Open a business account to send and receive instant transactions.
🔹 Integrate with Accounting & ERP Software – Use platforms like QuickBooks®, NetSuite, SAP, and others to streamline payment processing.
🔹 Train Your Finance Team – Educate employees on real-time payment processing and financial system updates.

Future-proof your business with FedNow® Business Payments! Contact us below today to enable real-time B2B and B2C transactions and enhance operational efficiency.

Creation Request for Payment Bank File

Enhance Your FedNow Business Payments 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.