How RTP® Payee Works with Request for Payment (RfP) & Multi-Alias Banking
Understanding RTP® Payee & RfP for Instant, Secure Payments
RTP® Payee – Real-Time Request for Payment (RfP) with Multi-Alias Banking for MOTO, POS, Batching & Recurring Payments
The Next Evolution in Instant Payments for Businesses
As businesses shift towards faster, more efficient, and error-free financial transactions, the need for instant, real-time payments across multiple bank accounts has become crucial. Traditional banking methods such as ACH, wire transfers, and credit card processing come with high fees, delays, and manual reconciliation headaches.
🔹 Do you process MOTO, POS, or
batch payments and struggle with settlement delays?
🔹
Need an easy way to request payments while managing multiple
accounts and banks?
🔹 Looking to automate
transactions, including one-time and recurring payments?
With RTP® Payee & Request for Payment (RfP), businesses can link multiple aliases (emails or phone numbers) to multiple bank accounts across different banks, ensuring seamless transactions without sharing complex banking details. The RTP® Hub filters payments, ensuring that each alias is linked to the correct payer or payee bank account, reducing errors and streamlining payment processing for B2B, C2B, and B2C transactions.
💡 Imagine a world where your business receives instant payments, reconciles them in real time, and eliminates chargeback risks—all while using simple aliases instead of account numbers.
Real-TimePayments.com shows how RTP® Payee & RfP empower businesses to manage one-time, recurring, MOTO, POS, and batch transactions with instant processing across multiple bank accounts and multiple financial institutions.
FedNow Payee for your business using Real-Time Payments
RTP® Payee enables businesses to send and receive real-time payments using aliases (email or phone number) instead of traditional bank account details. The RTP® Hub ensures that each alias is correctly linked to the right bank account, providing a frictionless transaction experience.
By utilizing multi-alias banking, businesses can:
✔ Send and receive payments
in real time using an email or phone alias.
✔
Manage multiple bank accounts across multiple financial
institutions.
✔ Automate transaction
processing for multiple payment methods.
How the RTP® Hub Filters Ensure Payment Accuracy:
1️⃣ A business sends a payment
request (RfP) using RTP® with an alias (email or phone).
2️⃣
The payer receives the RfP notification and approves the
transaction.
3️⃣ The RTP® Hub verifies the alias
and matches it with the correct linked bank account.
4️⃣
Funds are transferred instantly—no waiting, no errors, no
chargebacks.
5️⃣ Payments are recorded and
reconciled in real-time for improved cash flow.
💡 This process eliminates fraud risks, manual reconciliation errors, and settlement delays.
Ask us How:
How businesses can use RTP® Payee with
multiple bank accounts for secure payments.
How to automate
MOTO, POS, and recurring payments using RTP® RfP.
Best way to
request payments with RTP® using multiple email and phone aliases.
How the RTP® Hub filters transactions to ensure payments reach the
correct account.
Why Businesses Should Use RTP® Payee for Real-Time Transactions
1. Accept Payments via Multiple Methods (MOTO, POS, Batching, One-Time, Recurring)
🚀 MOTO (Mail Order/Telephone
Order): Accept real-time transactions over phone or email
securely.
💳 POS (Point-of-Sale): Process
in-store transactions instantly without credit card fees.
🔄 Batching: Automate bulk payments for
multiple transactions at once.
📆 Variable
Recurring: Manage subscription payments and recurring invoices
with instant fund settlement.
2. Multi-Alias Banking for Convenience & Security
🏦 Register multiple email
addresses and phone numbers as aliases linked to multiple bank
accounts.
🔀 Automatically route payments to the
correct bank account based on the transaction type.
3. Instant, Secure Payments with No Chargebacks
🔒 Payments via RTP® are
final—eliminating chargeback fraud and disputes.
✅
Funds settle instantly, improving cash flow.
4. 24/7/365 Real-Time Payment Processing
⏰ Unlike ACH and wire transfers, RTP® operates 24/7, including weekends and holidays.
5. Fully Integrated with Business Payment Systems
📊 Businesses can integrate RTP®
Payee transactions with accounting software for real-time
reconciliation.
✅ Automated transaction processing
reduces human errors and administrative work.
RTP® vs. Traditional Payment Methods – A Smarter Alternative
Comparison Table: RTP® vs. ACH vs. Credit Cards
|
Feature |
RTP® Payee (RfP) |
ACH Transfers |
Credit Cards |
|
Processing Speed |
Instant (Seconds) |
1-3 Business Days |
1-3 Business Days |
|
Alias-Based Payments (Email/Phone) |
Yes |
No |
No |
|
Multi-Bank Account Support |
Yes |
No |
No |
|
Chargebacks Allowed? |
No |
Possible Reversals |
Yes |
|
Transaction Fees |
Low or None |
Varies by Bank |
2-5% Per Transaction |
|
Best Use Cases |
B2B, C2B, B2C, Recurring Payments |
Recurring Payments |
Consumer Retail |
💡 Key Takeaway: RTP® Payee & RfP provide an instant, secure, and cost-effective alternative to traditional payment processing.
How to Get Started with RTP® Payee for Instant Payments
Step-by-Step Guide to Enabling RTP® Payee & Request for Payment (RfP):
✅ Step 1: Ensure Your Business
Bank Supports RTP®.
✅ Step 2: Register Multiple
Email Addresses & Phone Numbers as Aliases.
✅ Step
3: Link Each Alias to the Correct Bank Account.
✅
Step 4: Enable Request for Payment (RfP) for MOTO, POS, Batching &
Recurring Transactions.
✅ Step 5: Start Sending &
Receiving Instant Payments with Zero Delays.
🔹 Once set up, businesses can optimize their cash flow, automate invoicing, and reduce manual processing errors.
Upgrade to RTP® Payee with TodayPayments.com
💡 Still relying on outdated payment methods? Upgrade to RTP® Payee today for instant, secure transactions!
Retailers & Service Providers: Accept
real-time payments with MOTO & POS.
Subscription Businesses:
Automate recurring billing with zero delays.
Small Business
Owners: Get paid faster and eliminate payment processing
errors.
Banks & Financial Institutions: Offer your
customers the fastest, most secure alias-based payment solution.
🔹 With TodayPayments.com, businesses can integrate RTP® Payee & Request for Payment (RfP) for seamless transactions across multiple banks.
🚀 Sign up at TodayPayments.com today and start accepting secure, alias-based payments!
Creation Request for Payment Bank File
Enhance Your FedNow Payee 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 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
