Enhance B2B and C2B Digital Invoicing with FedNow® Payment Processing

What Are FedNow® Payment Processing Services?

FedNow® Payment Processing Services: The Future of Instant Business Transactions

FedNow® Payment Processing Services provide businesses with a real-time, 24/7/365 payment system powered by the Federal Reserve. These services allow instant money transfers, eliminating the delays of ACH, wire transfers, and credit card settlements. Unlike traditional banking methods, FedNow® payments settle within seconds, ensuring businesses have immediate access to funds for improved cash flow and financial efficiency.

Whether you're a B2B company, e-commerce business, service provider, or financial institution, FedNow® Payment Processing Services streamline transactions, reduce processing costs, and increase security.

Benefits of FedNow® Payment Processing Services

✅ 1. Real-Time Transactions, 24/7/365

• No more waiting for bank hours, weekends, or holidays—payments are processed instantly.
• Funds settle within seconds, unlike ACH or wire transfers that take hours or days.

✅ 2. Faster Cash Flow & Liquidity

• Instant access to received payments allows businesses to manage expenses and reinvest capital immediately.
• No more delays in invoice settlements or payroll processing.

✅ 3. Lower Transaction Fees vs. Traditional Methods

• More cost-effective than wire transfers, which can have high per-transaction fees.
• Avoid credit card processing fees that range from 2.5% to 3.5% per transaction.

✅ 4. Enhanced Security & No Chargebacks

• Final and irreversible transactions prevent fraud and chargeback risks.
• Built-in security measures help prevent unauthorized transactions.

✅ 5. Seamless Integration with Business Systems

• Works with ERP, accounting, and invoicing software like QuickBooks®, SAP, and NetSuite.
• Compatible with online payment gateways, POS systems, and B2B transaction platforms.

How FedNow® Payment Processing Services Work

1️⃣ A business initiates a payment through the FedNow® network.
2️⃣ The transaction is instantly processed and funds are transferred in real time.
3️⃣ The recipient receives immediate confirmation and access to funds.
4️⃣ The payment is final, preventing reversals or chargebacks.

This efficient payment system eliminates ACH batch delays, wire cutoffs, and expensive card processing fees, making FedNow® the optimal choice for business transactions.

FedNow® Payment Processing Services: Use Cases

💼 B2B Supplier & Vendor Payments – Pay suppliers instantly to improve relationships and negotiate better terms.
💰 Payroll & Contractor Payments – Process employee salaries and freelancer invoices in real time.
🏢 Intercompany Transfers – Move funds between business accounts with no delays.
⚡ E-commerce & Online Sales – Accept instant payments without credit card fees.
📈 Invoice & Subscription Payments – Reduce accounts receivable delays and boost cash flow.

FedNow® Payment Processing vs. Traditional Methods

Feature	FedNow® Payment Processing	ACH Transfers	Wire Transfers	Credit Card Payments
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 credit cards & wires	Low, but slower	High	2.9% + fees
Settlement Finality	Immediate & irreversible	Can be reversed	Final	Can be disputed
Best For	B2B, payroll, supplier transactions, online payments	Recurring batch payments	Large, one-time international transactions	Consumer transactions

How to Get Started with FedNow® Payment Processing Services

🔹 Check with Your Bank or Payment Processor – Ensure your financial institution supports FedNow® transactions.
🔹 Set Up a FedNow®-Enabled Business Account – Open an account to send and receive instant payments.
🔹 Integrate with Payment Systems – Use ERP software like QuickBooks®, NetSuite, SAP, or POS systems for real-time transactions.
🔹 Train Your Team – Educate employees on how to leverage FedNow® for secure, faster payments.

🚀 Optimize your business transactions with FedNow® Payment Processing Services! Contact your bank to enable real-time payments and boost financial efficiency.

Creation Request for Payment Bank File

Enhance Your FedNow Payment Processing Services 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.