RTP® Request for Payment (RfP™): Real-Time Invoicing for Instant Settlement
To modernize business payments by providing secure, real-time invoicing and settlement through RTP® and Request for Payment (RfP™), leveraging ISO 20022 for high-speed, error-free, alias-based transactions that drive cash flow, efficiency, and certainty.
TodayPayments.com offers a cutting-edge RTP® RfP™ invoicing platform that transforms the way businesses collect payments. With real-time, alias-based payment requests delivered via email, SMS, or QuickBooks®, we help merchants get paid instantly and securely — all while reducing overhead, improving cash flow, and supporting compliance with ISO 20022 standards.
How RTP® Invoicing with RfP™ Works
Invoicing Without Delay
Forget outdated billing cycles. In today’s
digital economy, instant payment and secure settlement are
key to scaling operations and increasing trust. With RTP®
Invoicing and Request for Payment (RfP™), your business can send
real-time billing requests and receive immediate funds,
directly from your customer’s bank to yours.
Whether you're a contractor,
subscription service, or eCommerce retailer, you can
deliver invoices via email, SMS, or QuickBooks®, and settle
them within seconds — 24/7/365.
Businesses issue digital invoices through the RTP® network using Request for Payment (RfP™). The invoice can be sent by:
- SMS or Text
- QR Codes
- QuickBooks® and ERP systems
Customers (Payers) receive the invoice and authorize payment in real time. Funds are instantly pushed to the merchant’s (Payee’s) bank account — no waiting, no settlement delay, and no reversals.
RfP™ Parameters, Attributes, Benefits & Features
✅ "FREE" Request for Payment Aging & Real-Time Payments Bank Reconciliation – with all merchants process with us.
Key Parameters
- Message ID (MsgId) – Unique transaction identifier
- Payer Alias (Email, Phone) – Secure alias instead of routing/account
- Payee Alias/Account – Merchant’s receiving credentials or tokenized alias
- Invoice Description (RmtInf/Ustrd) – Text detail of the service/product
- Amount (InstdAmt) – Total invoiced amount
- Due Date (ReqdExctnDt) – Requested payment execution date
- Purpose Code (Purp/Cd) – Code defining the reason for payment (e.g., INVOICE)
Attributes
- Supports ISO 20022 XML, JSON, and Excel file formats
- Real-time push payment via RTP® A2A rails
- Alias-based identity (no routing/account required)
- Integrates with QuickBooks®, ERP, and custom APIs
- QR-code and hosted payment page compatible
- Enables batch and variable recurring payments (VRP)
Benefits
- Instant settlement, 24/7/365 with no delays
- Improved cash flow certainty
- No chargebacks – payments are irrevocable
- Customer convenience via SMS, Email, Hosted Pages
- Ideal for MOTO, POS, subscription, and ecommerce environments
- Reduces payment fraud with verified ISO 20022 fields
Industries That Benefit from RTP® RfP™
- Contractors & Home Services – Send post-job invoices with instant payout
- Medical, Dental, & Wellness Providers – Secure alias-based billing
- Online Subscription Platforms – Enable automated recurring requests
- eCommerce Retailers – Scan-and-pay via QR invoice
- Tutors, Freelancers, and Agencies – Send mobile-friendly payment requests
Mandatory ISO 20022 Fields for RTP® Request for Payment
To send a minimal-compliant RfP™ using RTP® rails and ISO 20022 standards, the following fields must be present:
|
Field |
ISO Tag |
Description |
|
Message ID |
<MsgId> |
Unique transaction reference |
|
Payment Info ID |
<PmtInfId> |
Invoice group reference |
|
Creditor Name |
<Cdtr><Nm> |
Merchant issuing the invoice |
|
Debtor Name |
<Dbtr><Nm> |
Customer name |
|
Debtor Alias |
<DbtrAcct><Id> |
Email or phone alias |
|
Amount |
<Amt><InstdAmt> |
Payment value in USD |
|
Invoice Description |
<RmtInf><Ustrd> |
Line-item notes or invoice # |
|
Execution Date |
<ReqdExctnDt> |
Date for payment processing |
|
Purpose Code |
<Purp><Cd> |
e.g., “INVOICE” |
Ask us How:
RTP® Request for Payment (RfP™) empowers businesses to send real-time digital invoices and get paid instantly — no delays, no guesswork. Using ISO 20022 rich-data formats, businesses can trigger push payments across RTP® rails via alias, removing the need for sensitive bank credentials.
With email invoicing, text-to-pay links, and QR code support, RTP® RfP™ turns every interaction into a conversion opportunity. Payments are settled in seconds, and businesses receive guaranteed good funds — not pending transactions.
Batch invoicing, recurring billing, and one-off payment requests are all supported through ISO-compliant Excel, XML, or JSON files. Your customers enjoy flexibility, and you get certainty.
Scale Your Real-Time Invoicing at TodayPayments.com
At TodayPayments.com, we help businesses transition from outdated payment methods to RTP®-enabled real-time billing. Whether you’re sending a single invoice or managing recurring subscriptions, our RTP® RfP™ invoicing engine makes payment collection seamless, secure, and instant.
~ Alias-based invoicing.
~
Real-time cash settlement.
~ Automated integration with
QuickBooks® and mobile platforms.
Start now at https://www.TodayPayments.com — and never chase another payment again.
Creation Request for Payment Bank File
Enhance Your Request Bill Payments 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 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 "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
