Biller's login - Hosted Payments Page
Real-Time Payments Gateway


Real-Time Services

What is Real-Time Services

Real-Time Payments is an exciting new service brought about by the Faster Payments Initiative of the FedNow ™ US Federal Reserve providing payments that are instant, final and secure. FedNow, Real-Time Services and Real-Time instant payments, are defined simply as: Irrevocably collected funds in a bank account and usable immediately by the owner of the account. Our "Good Funds" payment gateway allows for instant real-time digital payments that are immediate, irrevocable, intra-bank and/or interbank account-to-account (A2A) transfers that utilize a real-time and text messaging system connected to every transaction participant through all U.S.-based financial institutions.

Same-Day ACH (Same-DayACH.com) Features and Benefits

Features:

  1. Speed: Enables same-day processing of ACH (Automated Clearing House) payments, allowing for quicker fund transfers compared to standard ACH transfers which usually take 1-3 business days.
  2. Accessibility: Available to all U.S. banks and credit unions, making it widely accessible for various types of businesses.
  3. Flexibility: Supports both credit and debit transactions, providing versatility for different payment needs.
  4. Limit Increase: As of March 2022, the Same-Day ACH transaction limit was increased to $1 million, enhancing its utility for larger transactions.
  5. Cutoff Times: Typically has two processing windows during the day, allowing for flexibility in submission times.

Benefits:

  1. Improved Cash Flow: Faster access to funds helps businesses manage their cash flow more efficiently.
  2. Enhanced Customer Experience: Quicker payment processing leads to better customer satisfaction.
  3. Reduced Late Payments: Faster transactions can help reduce the incidence of late payments and associated penalties.
  4. Cost-Effective: While faster than traditional ACH, it remains cost-effective compared to wire transfers.

Real-Time Payments (Real-TimePayments.com) for FedNow & RTP

Features:

  1. Instantaneous Transfers: Provides real-time, immediate fund transfers 24/7/365, unlike Same-Day ACH which has specific cutoff times.
  2. Security: Transactions are secure and irrevocable, reducing the risk of fraud and ensuring certainty of payment.
  3. Data Rich Transactions: Allows for the inclusion of additional remittance information with transactions, improving transparency and reconciliation processes.
  4. Wide Integration: Can integrate with various accounting and financial systems, including popular platforms like QuickBooks.

Benefits:

  1. Always Available: Transactions can be initiated and completed at any time, providing unparalleled convenience.
  2. Enhanced Cash Flow Management: Immediate access to funds enhances liquidity and cash flow management.
  3. Increased Efficiency: Streamlines payment processes, reducing the administrative burden and potential for errors.
  4. Fraud Reduction: The irrevocable nature of transactions helps mitigate fraud risk.
  5. Customer Satisfaction: The speed and reliability of payments can significantly improve customer relations and satisfaction.

Comparison

  • Speed: Real-Time Payments (FedNow & RTP) offer instantaneous transfers, while Same-Day ACH completes transactions within the same business day.
  • Availability: Real-Time Payments are available 24/7/365; Same-Day ACH is limited to business hours with specific cutoff times.
  • Transaction Limits: Real-Time Payments typically support higher transaction limits and faster processing, while Same-Day ACH has a limit of $1 million per transaction.
  • Security: Both systems are secure, but Real-Time Payments' irrevocable nature provides additional fraud protection.

For more details, you can explore the specific services offered by Real-TimePayments.com here and Same-DayACH.com.

Features & Benefits

FedNow instant payments has benefits for all parties involved in Financial Transactions.
Benefits to your company include:
Text Mobile Request for Real-Time Payment Money Transfer: Current limit of $500,000.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
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.
Software Integration: Integrate your A/R & A/P 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. Request for Payment

... 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.

Pricing with our Request For Payment Solutions

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 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 files 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. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

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 Real-Time Services 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 Real-time Payments processing