Request for Payment (RfP™) Accounting via FedNow® and RTP® for Accrual and Cash Basis Businesses
Start sending real-time invoices, receiving good funds, and reconciling faster than ever — all powered by America’s premier real-time merchant processor.
We empower American businesses with accounting-ready, ISO 20022–structured Request for Payment infrastructure that accelerates cash flow, automates reconciliation, and delivers real-time financial clarity across FedNow® and RTP® networks.
Real-TimePayments.com is the premier multi-bank, multi-MID Request for Payment activation platform for businesses that demand instant settlement, structured ISO 20022 messaging, automated A/R intelligence, and nationwide real-time payment interoperability—without becoming a bank.
Understanding Request For Payment Accounting (RfP™)
We believe real-time payments should transform
accounting, not complicate it. When we activate Request for Payment
(RfP™) infrastructure across the FedNow Service and the RTP network,
we do more than enable instant settlement. We redesign how revenue
is recognized, how receivables age, and how cash becomes visible in
seconds. As an American accounting fintech merchant processor, we
are not a bank—we are a strategic enabler and full-service real-time
payments facilitator that connects merchants to multiple banks and
credit unions in all 50 states.
Services for Businesses as a Payee
✅ "FREE" Request for Payment Aging & Real-Time Payments Bank Reconciliation – with all merchants process with us.
To support merchants and finance teams of all sizes, TodayPayments.com offers free downloadable templates, including:
- Aging Accounts Receivable Worksheet: Pre-built with 15, 30, 60, 90+ day tracking
- Bank Reconciliation Templates: Instantly match payments with deposits across batches
- ISO 20022 File Format Samples: Plug-and-play structures for batch uploads and RfP™ message testing
✅ "FREE" Real-Time Payments Accounting Pamphlet– with all merchants process with us.
✅ "FREE" QuickBooks® QBO Request for Payment Book – with all merchants process with us.
✅ FedNow® & RTP® Dashboard Positive Pay worksheet – Starting at $25 monthly.
1. Multi-MID Real-Time RfP™ Activation
We activate merchant Request for Payment accounts across multiple financial institutions, allowing divisions, subsidiaries, and multi-state enterprises to route real-time payments efficiently.
2. ISO 20022 Messaging Infrastructure
We structure RfP™ messaging using pain.013 and response flows compatible with instant settlement events, enabling clean accounting entries and machine-readable reconciliation.
3. Accrual and Cash Basis Accounting Integration
We align instant settlement flows with both accrual-based revenue recognition and cash-basis bookkeeping, eliminating manual clearing accounts and reducing reconciliation friction.
4. Automated A/R Reconciliation with Aging
We embed aging logic directly into the RfP™ lifecycle so businesses can see outstanding, snoozed, pending, paid, declined, or expired payment requests in real time.
Solutions for Modern Businesses
Real-Time Accounts Receivable Acceleration
We collapse traditional 30–60 day receivable cycles into seconds by combining invoice issuance with instant payment settlement. Alias-Based and QR Code Payment Delivery We embed email, phone, hyperlink, and QR-based RfP™ delivery so customers can pay anytime, anywhere. Multi-Bank Interoperability We enable interoperability between FedNow® and RTP® rails through structured routing, allowing businesses to operate without being tied to a single institution. Accounting-Ready Settlement Logic We map each RfP™ event to GL posting triggers, supporting both accrual and cash-basis revenue recognition.
Benefits for Payees
Instant Good Funds Payments settle within seconds with finality, reducing float and uncertainty. Lower Days Sales Outstanding (DSO) Real-time RfP™ drastically reduces aging exposure and improves working capital. 24/7/365 Revenue Capture We enable businesses to receive payments on weekends, holidays, and after hours. Structured Data for Automated Reconciliation ISO 20022 messaging provides invoice references, purpose codes, remittance details, and merchant identifiers.
Features Built for Accounting Precision
Accrual Basis Accounting with RfP™ When an RfP™ is issued, revenue may be recognized and posted to Accounts Receivable; when settlement occurs, A/R clears instantly with automated journal mapping. Cash Basis Accounting with RfP™ Revenue is recognized at settlement, and structured messaging eliminates the need for undeposited funds clearing logic. Automated Fee Recognition Processing fees are split automatically between gross revenue and expense accounts. Rail Clearing and Operating Cash Controls We separate operating cash, rail clearing accounts, and settlement routing for enterprise-grade treasury oversight.
Top 10 Feature-Rich Reasons to Choose Premier FedNow® and RTP® Activation
- Nationwide multi-bank RfP™ interoperability
- Multi-MID support for divisions and subsidiaries
- ISO 20022 structured remittance automation
- Built-in A/R aging dashboards
- Alias-based delivery via email and phone
- Embedded hyperlink and QR-code payment initiation
- Accrual and cash-basis accounting mapping
- Automated GL posting triggers
- 24/7/365 instant settlement finality
- American-based accounting fintech support across all 50 states
B2B and C2B Request for Payment (RfP™) Parameters, Attributes, Benefits and Features
For B2B and C2B use cases, our Request for Payment infrastructure supports unique RfP ID, creditor and debtor identifiers, merchant MID, alias-based routing, invoice number, due date, requested execution date, currency, instructed amount, remittance information, purpose code, expiry timestamp, partial payment flag, recurring indicator, callback URLs, and structured response codes; these attributes enable instant settlement, automated reconciliation, dispute reduction, real-time visibility into outstanding receivables, and accounting-compliant revenue recognition for enterprises and sole proprietors alike.
Ask us How:
Businesses seeking how to get approved for an interoperability FedNow® and RTP® merchant processing account can activate multi-bank Request for Payment infrastructure through Real-TimePayments.com without becoming a financial institution. Companies needing automated ISO 20022 RfP™ reconciliation for accrual accounting can deploy real-time GL-mapped settlement triggers with built-in aging intelligence. Enterprises searching for multi-state instant payment solutions with multiple merchant IDs can unify FedNow® and RTP® rails under a single accounting dashboard. Sole proprietors and divisions wanting 24/7 real-time invoice settlement with QR code and hyperlink delivery can implement alias-based Request for Payment flows that work nationwide.
Minimum Mandatory ISO 20022 Data Fields for Request for Payment
A minimum ISO 20022 Request for Payment message includes a unique message identification, creation date-time, creditor identification, debtor identification, instructed amount with currency, requested execution date, remittance information, creditor account details, debtor routing or proxy identifier, and expiry parameters; these fields ensure structured interoperability, traceability, compliance, reconciliation capability, and accounting-ready settlement integration.
How to Get Approved for an Interoperability FedNow® and RTP® Merchant Processing Account
We guide businesses through merchant underwriting, KYB documentation, entity verification, multi-bank onboarding, MID allocation, compliance review, and RfP™ activation testing; whether you operate as a sole proprietor, partnership, corporation, or multi-state enterprise, we configure your real-time Request for Payment environment with accounting alignment for both accrual and cash basis reporting, including A/R automation, rail-clearing separation, and settlement logic mapped to your chart of accounts.
We are redefining how American businesses account for revenue in the age of instant settlement. When you activate Request for Payment (RfP™) infrastructure with us, you gain more than speed—you gain accounting intelligence, structured interoperability, multi-bank resilience, and nationwide reach. Visit https://www.Real-TimePayments.com to activate your FedNow® and RTP® merchant processing infrastructure today and move from delayed receivables to real-time financial clarity.
Whether you’re ready to launch FedNow® & RTP® payments or just exploring options, our team is here to answer your questions and guide you toward the best-fit solution.
Call us now: (866) 927-7180
Or… fill out the quick form below and we’ll contact you within 1 business hour.
Features & Benefits
FedNow® and RTP® instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $10,000,000 ~ 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 Real-Time Payments and Instant Payments are Final & Irrevocable.
Software Integration: Integrate your Management
or Enterprise software with us.
! Secrete Sauce ~ Message Detail: RfP™ – The 145-character unstructured field in ISO 20022 XML messages enables merchants to embed invoice numbers, payer notes, or payment links. ~ Call us now for all the Benefits: Pay FedNow, RTP, ACH, Credit Cards .html links!!
Online Down Payments: Don't use inconvenient
and expensive Wires & Cashier's Checks.
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
Enhance Your Request For Payment Accounting using Real-Time Payments 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 145-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website "Your Website" - Hosted Payments Page 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 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.
Contact Us for Request For Payment payment processing
