Automate B2B Recurring Payments with FedNow® Bill Pay & ISO 20022

Secure, Instant, and Automated Digital Invoicing for Businesses

Automate B2B Recurring Payments with FedNow® Bill Pay & ISO 20022 RFP
Secure, Instant, and Efficient Digital Invoicing for Businesses

Businesses can now simplify B2B transactions with "FedNow Bill Pay" Merchant Biller is a Payee B2B Requesting Recurring Request-for-Payments from Customers Payers. FedNow® Bill Pay enables merchants to request and receive variable recurring payments from customers using ISO 20022 Request-for-Payment messaging, ensuring faster settlements and secure digital invoicing. This real-time payment solution eliminates manual processing, payment delays, and reconciliation inefficiencies, making it easier to manage business cash flow and vendor payments. By integrating FedNow® with ISO 20022, businesses gain automated invoicing, enhanced financial transparency, and fraud prevention capabilities.

In today’s fast-paced financial environment, businesses need faster, more reliable, and automated payment processing. "FedNow Bill Pay" Merchant Biller is a Payee B2B Requesting Recurring Request-for-Payments from Customers Payers ensures that businesses can automate digital invoicing, enhance cash flow, and reduce manual reconciliation errors. By leveraging ISO 20022 Request-for-Payment messaging, FedNow® enables seamless account funding with RTP® Real-Time Payments and Same-Day ACH, ensuring faster, more secure, and fully compliant B2B transactions.

With FedNow® Bill Pay, businesses gain instant payment approvals, real-time tracking, and fraud prevention tools, enhancing financial control. Automated billing ensures recurring payments are processed effortlessly, improving relationships between merchants, payers, and financial institutions. This solution minimizes operational costs, reduces failed transactions, and integrates seamlessly with ERP and accounting systems.

With FedNow® Bill Pay, businesses can automate recurring payments, process high-volume transactions, and enable real-time tracking of settlements. ISO 20022 RFP messaging ensures compliance, reducing errors in financial transactions while enhancing payment security. Whether handling supplier payments, payroll, or subscription-based billing, this solution provides seamless integration with banking and ERP systems, streamlining financial operations. Real-time approvals and instant fund transfers ensure businesses maintain stable cash flow, improving vendor and customer relationships.

• FedNow® Bill Pay recurring B2B payments using ISO 20022 RFP
• Automated digital invoicing with real-time account-to-account transfers
• Secure request-for-payment processing for business transactions
• Instant FedNow® real-time payments for recurring billing solutions

Creation Request for Payment Bank File

Enhance Your FedNow Biller 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.