How Requesting for Pay (RfP) Works with FedNow® & RTP®
What Is Request for Pay (RfP) & How Does It Enhance Real-Time Payments?
Request for Pay (RfP) Using FedNow® & RTP® – Instant A2A Debit Transactions for B2B, C2B, B2C
The Future of Business Payments Is Here
Businesses and individuals alike demand faster, more secure, and cost-effective payments. However, traditional methods such as ACH, wire transfers, and credit card transactions introduce delays, high processing fees, and reconciliation complexities.
🔹 ACH transfers take 1-3 business
days, slowing cash flow.
🔹 Wire transfers are expensive
and limited to banking hours.
🔹 Credit card payments come
with 2-4% transaction fees, reducing profits.
Now, with Requesting for Pay (RfP) powered by FedNow® & RTP® (Real-Time Payments), businesses and consumers can request payments and receive instant A2A (Account-to-Account) debit transactions—eliminating delays, lowering costs, and enhancing financial efficiency.
💡 Imagine sending a payment request and receiving funds within seconds—24/7/365, with no processing delays or excessive fees!
TodayPayments.com shows how RfP with FedNow® & RTP® transforms B2B, C2B, and B2C transactions, ensuring seamless and instant digital payments.
"Requesting for Pay" is an invoicing scheme where the payee sends a payment request to the payer, typically in a business-to-business (B2B) or consumer-to-business (C2B) scenario. Instead of the payer initiating the payment, the payee requests the payment directly from the payer.
Request for Pay (RfP) is a digital invoicing and payment request system that allows businesses and individuals to send structured payment requests to customers, prompting them to approve and complete transactions instantly via FedNow® & RTP®.
Unlike traditional payment methods, RfP enables real-time payments with no delays, no intermediaries, and no chargebacks.
How RfP Mobile Payment Requests Work for A2A Debit Transactions
1️⃣ A business or individual
generates a payment request via an RfP-enabled system.
2️⃣
The customer (payer) receives an instant request notification via
their banking app.
3️⃣ The payer approves the
transaction, triggering an immediate FedNow® or RTP® payment.
4️⃣ Funds are deposited into the payee’s account
instantly—no waiting, no processing delays.
💡 This automation eliminates unpaid invoices, manual payment tracking, and fraud-related risks.
Why Businesses Should Use Requesting for Pay (RfP) via 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 can access funds immediately, improving cash flow.
2. Lower Transaction Costs – No Credit Card Fees
💳 Credit card networks charge
businesses 2-4% per transaction.
💰 With FedNow® &
RTP®, payments are direct, avoiding unnecessary fees.
3. 24/7/365 Transactions – 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 transactions can
be reversed, leading to fraud risks.
✅ FedNow® &
RTP® payments are final, reducing disputes and fraud-related
losses.
5. Works for All Business & Personal Payment Types (B2B, C2B, and B2C)
✅ B2B (Business-to-Business)
Transactions: Vendors, suppliers, and contractors receive
payments instantly.
✅ 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.
Comparing Request for Pay (RfP) via FedNow® & RTP® vs. Traditional Payment Methods
Comparison Table: Instant A2A Debit Transactions vs. ACH vs. Credit Cards
|
Feature |
Request for Pay via FedNow® & RTP® (A2A Transactions) |
ACH Transfers |
Credit Cards |
Wire Transfers |
|
Processing Speed |
Instant (Seconds) |
1-3 Business Days |
1-3 Business Days |
Same Day (Cut-off Times) |
|
Availability |
24/7/365 |
Business Days Only |
24/7, but slow settlement |
Business Days Only |
|
Transaction Fees |
Low or None |
Varies by Bank |
2-4% Per Transaction |
High Fees ($15-$50) |
|
Chargebacks Allowed? |
No |
Possible Reversals |
Yes |
Possible Reversals |
|
Best For |
B2B, C2B, Freelancers, Gig Economy |
Recurring Payments |
Consumer Retail Transactions |
Large International Transfers |
💡 Key Takeaway: RfP with FedNow® & RTP® provides the fastest, safest, and most cost-effective solution for A2A debit transactions.
Ask Us:
Request for Pay (RfP) using FedNow® & RTP®
for instant A2A transactions.
How to enable RfP real-time
payments for businesses.
FedNow® vs. ACH vs. credit cards:
Which is best for A2A transactions?
How businesses can reduce
costs using real-time payments with RTP®.
Best instant payment
solution for B2B, C2B, and B2C transactions.
How to Get Started with Requesting for Pay (RfP) via FedNow® & RTP®
Step-by-Step Guide:
✅ Step 1: Confirm Your
Bank Supports FedNow® & RTP®.
✅ Step 2:
Enable Request for Pay (RfP) in Your Business’s Payment System.
✅ Step 3: Generate & Send Instant Payment
Requests to Customers.
✅ Step 4:
Customers Approve & Complete Transactions in Real Time.
✅ Step 5: Receive Funds Instantly – No
Waiting, No Delays!
🔹 Once integrated, businesses can eliminate ACH delays, reduce costs, and automate invoicing.
Start Accepting Instant Payments with TodayPayments.com
💡 Are you still waiting days for payments or paying high processing fees? It’s time to switch to Requesting for Pay (RfP) via FedNow® & RTP®!
Business Owners & Entrepreneurs:
Automate invoicing, eliminate payment delays, and improve cash
flow.
Freelancers & Contractors: Stop waiting for
clients to process ACH payments—get paid instantly.
Retailers & Service Providers: Accept real-time customer
payments with no chargebacks.
Banks & Financial Institutions:
Offer your customers the fastest, most secure payment option
available today.
🔹 With FedNow® & Request for Pay, payments are faster, smarter, and more secure.
🚀 Sign up with TodayPayments.com now and start accepting real-time transactions!
About Requesting For Pay
RfP FedNow Request-For-Payment (RfP) is a new payment system developed by the US Federal Reserve that allows businesses and individuals to send and receive payments in real-time. This system provides a fast, secure, and reliable way to transfer money between accounts.
To use RfP FedNow Request-For-Payment for invoicing, businesses can create a payment request for their customers. This payment request can be sent through a variety of channels, including email, text message, or through a dedicated online portal.
The payment request will include details such as the amount to be paid, the due date, and the customer's payment information. The customer can then easily review the payment request and make the payment using their preferred payment method, such as a credit card or bank transfer.
Once the payment is made, the business will receive a notification that the payment has been received, and the funds will be transferred to the designated account in real-time. This process helps to streamline the invoicing and payment process, making it faster and more convenient for both businesses and customers.
Overall, using RfP FedNow Request-For-Payment for invoicing provides several benefits, including faster payments, reduced administrative costs, improved cash flow, and increased customer satisfaction.
Features & Benefits
FedNow instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $500,000.
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."
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 Requesting For Pay 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 Requesting For Pay payment processing
