RTP Real-Time Payments Request To Pay
TodayPayments.com is the go-to real-time payment platform for businesses seeking fast, frictionless, and intelligent Request to Pay processing. We combine ISO 20022 message routing, reject-code correction, and deep reconciliation features to help merchants and billers get paid—even when the system says “no.” Our RfP tools work seamlessly with FedNow®, RTP®, FedWire®, and Same-Day ACH, delivering unmatched speed and certainty.
Our mission is to equip every U.S. business—mainstream or high-risk—with the tools to send, track, fix, and reconcile real-time payments using the nation’s fastest rails. By mastering Request to Pay, ISO 20022, and reconciliation, we bring certainty to every transaction—even the ones that bounce.
What Is “Request to Pay” (RfP) in Real-Time Payment Systems?
The Rise of Request to Pay in Real-Time Payments
As the demand for faster, smarter, and more secure payments grows, Request to Pay (RfP) has emerged as the digital invoicing breakthrough every business needs. No more paper trails. No more waiting. Instead, you send a request—and get paid instantly via FedNow® or RTP®, backed by ISO 20022 rich data.
But like all payment innovations, there are hurdles—bounce codes, misrouted messages, or rejected transactions. That’s why TodayPayments.com provides powerful tools for AR aging, bounced payment handling, and real-time bank reconciliation, keeping your receivables on track even when payments don’t go as planned.
Request to Pay (RfP) is the next-gen replacement for traditional invoicing—built for speed, accuracy, and automation.
Here's how it works:
- A business or biller sends a payment request to the payer (B2B, C2B, or P2P).
- The payer receives the request instantly via their bank or financial app.
- The payment is made with real-time credit—no paper check, no waiting, no card networks.
Platforms like FedNow® and RTP® allow RfPs to be generated through ISO 20022 file formats like .XML, .CSV, or .JSON. The system ensures transparency, itemization, and security across every transaction.
Use cases include:
- Recurring subscription billing
- One-time digital invoices
- Mobile or SMS-based payment prompts
- Utility, rent, and service collections
Handling Bounced RfP Transactions with ISO 20022 Reject Codes
Even real-time transactions can fail. These are called "bounced" transactions, and they happen when:
- The account number is invalid
- The payer bank doesn’t support RfP
- The message format is incorrect
- The transaction exceeds limit rules
These rejections are returned using ISO 20022 reject codes (e.g., AC01 for invalid account, FF01 for format errors).
TodayPayments.com gives you:
✅
Full reject code visibility
✅ Corrective guidance
on fixable issues
✅ Smart retry logic for
recurring RfPs
✅ Auto-routing via alternate
identifiers (email, phone alias)
This ensures that most failed requests can be corrected and re-submitted—without stalling your receivables pipeline.
AR Aging & Real-Time Reconciliation Built for FedNow® & RTP®
✅ "FREE" RfP Aging & Real-Time Payments Bank Reconciliation – with all merchants process with us.
The biggest pain in receivables? Not knowing what got paid and what bounced—until it’s too late.
TodayPayments.com solves this by integrating:
- Real-time reconciliation dashboards
- AR aging reports by payer, due date, and status
- Transaction history mapped to ISO 20022 responses
- Multi-bank support across FedNow®, RTP®, and FedWire®
Whether you’re sending RfPs in batches or individually, you’ll always know:
- What got through
- What bounced back
- What needs correction
- What was paid in full
This dramatically reduces Days Sales Outstanding (DSO) and helps keep your cash flow predictable—even in high-volume environments.
FedNow RTP Real-Time Payments Request To Pay is a new payment service in the US that allows businesses to request payments from customers or business partners in real-time.
Here are the steps to use FedNow RTP Request To Pay:
Set up a FedNow RTP Request To Pay account: Businesses need to set up a FedNow RTP Request To Pay account with a participating bank or payment processor that offers this service.
Create a payment request: Businesses can create a payment request using their payment management system or the payment processor's online portal. The payment request should include the payment amount, payment due date, and any additional information related to the payment.
Send the payment request: Businesses can send the payment request to their customer or business partner via email, text message, or other electronic means. The payment request will include a link or QR code that the recipient can use to initiate the payment.
Receive payment: Once the payment request is sent, the recipient can initiate the payment using their preferred payment method. The payment will be processed in real-time, and the funds will be deposited into the business's account within seconds.
Confirm payment: Once the payment is received, the business should confirm the payment in their payment management system or the payment processor's online portal.
FedNow RTP Request To Pay offers several benefits to US businesses, including faster payment processing, increased efficiency, and reduced risk of late payments. This can help businesses improve their cash flow and provide a better payment experience for their customers or business partners.
Get Paid Faster—Even When Payments Fail
🚀 Real-Time Request to Pay
is the future.
But even fast rails can hit bumps. That’s
why TodayPayments.com is more than just a payment
processor—we're your real-time payment repair shop.
✅ Create and send Request to
Pay (RfP) transactions via FedNow® and RTP®
✅
Automatically catch and correct ISO 20022 rejection codes
✅ Use AR aging and smart reconciliation
tools to get clarity on every payment
✅ Reduce
failed payments, speed up recovery, and never miss a transaction
💡 No other platform combines
RfP, ISO 20022, AR aging, and reconciliation like this.
👉 Visit
https://www.TodayPayments.com to start your real-time payments
journey—with confidence.
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."
Creation Request for Payment Bank File
Call us, the .csv and or .xml FedNow or 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 .csv or .xml data for completed ISO 20022 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. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file.
Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods 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) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our RTP Real-Time Payments Request To Pay system.
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
