Enter into The FedNow® Service Instant Payment Network
Why Choose The FedNow® Service?
Enter into The FedNow® Service Instant
Payment Network
The Future of Instant Business
Transactions
The demand for instant payments is
increasing, and The FedNow® Service is revolutionizing the
way businesses send and receive money. With 24/7
availability, secure transactions, and real-time settlement,
businesses can now enjoy a faster, more efficient way to process
payments.
At TodayPayments.com, we provide FedNow® merchant account processing that enables businesses of all sizes to enroll in this instant payment network seamlessly.
Benefits of Using FedNow® for Merchant Payments
📌 Why Choose The FedNow® Service?
📌 What is The FedNow® Service?
The FedNow® Service is a real-time payment infrastructure developed by the Federal Reserve that allows instant transactions across financial institutions in the U.S.
📌 How Does FedNow® Benefit Businesses?
With FedNow®, payments are processed within seconds, ensuring faster cash flow, reduced transaction fees, and increased efficiency compared to traditional banking methods.
🔑 Key Features of The FedNow® Service
🔄 Alias-Based Transactions for Secure Payments
Businesses can use cell phone numbers or email addresses instead of disclosing sensitive banking details.
💳 Multiple Merchant Identification Numbers (MIDs)
We provide unique MIDs for each alias or business entity, allowing better transaction tracking and organization.
📊 QuickBooks® Integration for Simplified Accounting
FedNow® transactions can be automatically reconciled with QuickBooks® QBO, helping businesses maintain accurate financial records.
⚡ Real-Time Fund Settlement
Unlike ACH transfers or wire payments, which take days to process, FedNow® ensures instant transactions and availability of funds.
🔐 Multi-Bank Account Management
Businesses managing multiple bank accounts across different financial institutions can consolidate transactions into one streamlined platform.
📌 How to Apply for a FedNow® Merchant Account?
✅ Step 1: Apply Online at TodayPayments.com
Complete the FedNow® merchant application using a quick and paperless process.
✅ Step 2: Use Alias Instead of Banking Information
Businesses can register a mobile number or email address for secure and private transactions.
✅ Step 3: Link Multiple Bank Accounts
Easily connect multiple financial institutions to streamline payment management.
✅ Step 4: Start Accepting Instant Payments!
Once activated, businesses can send and receive FedNow® payments instantly with enhanced security and convenience.
💡 Benefits of Using FedNow® for Merchant Payments
💲 Reduced Transaction Costs
FedNow® helps businesses save money by eliminating traditional wire transfer and credit card processing fees.
🚀 24/7 Instant Payment Availability
Unlike traditional banking systems, FedNow® operates round the clock, ensuring businesses can process transactions anytime.
🔐 Enhanced Security with Alias Transactions
Using monikers such as phone numbers or emails protects businesses from fraud and cyber threats.
✅
"FREE" Real-Time Payments Bank Reconciliation – with all merchants process with us.
Every FedNow® transaction is instantly recorded in our automated reconciliation system, reducing errors and improving accuracy.
📌 Industries That Benefit from The FedNow® Service
🛍 E-Commerce & Online Retailers
Offer instant payment options at checkout to enhance customer experience and reduce payment delays.
🏢 B2B Transactions & Corporate Payments
Simplify supplier and vendor payments with real-time fund availability.
🔄 Subscription-Based Businesses
Improve recurring billing accuracy and eliminate payment processing delays.
👨💻 Freelancers & Service Providers
Receive client payments instantly, avoiding bank hold times and unnecessary fees.
🚀 Enroll in The FedNow® Service Today!
At TodayPayments.com, we help businesses get started with FedNow® instant payments quickly and securely.
✔️ Instant payment processing
for faster cash flow
✔️ Lower transaction
costs with alias-based security
✔️ Seamless
QuickBooks® integration
✔️ Multi-bank
account management with one login
✔️ 24/7
availability for uninterrupted transactions
📢 Apply now at TodayPayments.com and unlock the power of The FedNow® Service!
Creation Request for Payment Bank File
Enhance Your Enter FedNow 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.
Contact Us for Enter FedNow payment processing pricing
