Real-Time Receivables
What are Real-Time Receivables
Traditional receivables management often includes delayed payments, cash flow uncertainty, and unnecessary reconciliation work. For businesses aiming to modernize operations, Real-Time Receivables present a breakthrough solution.
Your Company needs this: Aging of Real-Time Payments!
At TodayPayments.com, we enable merchants to accept real-time payments through both the RTP® (Real-Time Payments) network and The FedNow® Service, ensuring that your receivables are settled instantly with full transparency. Whether you're billing customers, collecting subscription payments, or managing multi-location deposits, our platform helps you receive money faster, safer, and smarter—no paper checks, no waiting.
What Are Real-Time Receivables?
Real-Time Receivables allow businesses to instantly receive cleared funds directly from customers, partners, or billing systems via real-time payment networks. Unlike ACH or card settlements that can take days, real-time payments ensure:
- Immediate fund availability
- Improved liquidity and working capital
- Enhanced visibility into receivables and financial forecasting
By connecting to RTP® and FedNow® through TodayPayments.com, businesses can transform their cash flow cycle and receive payments 24/7/365.
Nationwide Real-Time Deposits with Multiple Financial Institutions
TodayPayments.com supports real-time receivables across all 50 U.S. states and allows you to:
- Receive funds through multiple banks and credit unions
- Assign Merchant Identification Numbers (MIDs) per division, department, or business line
- Instantly track payments from any U.S.-based sender
This ensures that no matter your business structure or financial setup, receivables flow directly into the right account, instantly and securely.
Alias-Based Payment Routing for Faster Setup
Our platform simplifies your real-time receivables onboarding with alias-based routing. Instead of using full financial details, businesses can:
- Use Cell Phone Numbers as alias identifiers
- Connect Email Addresses to bank deposit endpoints
- Receive payments via multiple MIDs, each linked to a unique alias
This method minimizes exposure of sensitive data while offering maximum flexibility in how you collect and organize payments.
Support for All Business Types and Payment Scenarios
Whether you're a small business or enterprise, we support:
- Sole Proprietors, LLCs, S-Corps, and C-Corps
- POS and retail-based payments
- Text-to-pay, email invoicing, and SMS billing
- Recurring payments for subscriptions and memberships
- Mail Order / Telephone Order (MOTO) transactions
Real-time receivables apply to every payment model, ensuring your company gets paid without delay.
QuickBooks® QBO Integration for Real-Time Bookkeeping
Stay in sync with your accounting team through QuickBooks® QBO integration, which allows:
- Auto-sync of received RTP® and FedNow® payments
- Real-time updates to receivables ledgers
- Simplified month-end reconciliation and audit readiness
This integration helps businesses eliminate manual entry, reduce errors, and maintain up-to-date records automatically.
Hosted Payment Pages with RfP Integration
Our platform supports customer-facing tools that enhance payment experiences, including:
- Custom Hosted Payment Pages for branded checkout
- Integration with ISO 20022-based Request for Payment (RfP) messages
- Dynamic payment links that guide customers directly to real-time settlement options
These features make it easier for customers to pay instantly while improving your receivables collection time.
Treasury Tools and Real-Time Reconciliation Included
With every real-time receivables setup, you also get:
- Live reconciliation dashboards to match payments against outstanding invoices
- Real-time visibility for CFOs and treasury departments
- Immediate insights into payment statuses and account balances
This gives your finance team full control and confidence in cash flow forecasting and payment assurance.
Creating real-time receivables using invoicing through FedNow and RTP systems for Request for Payments involves leveraging the capabilities of these systems to streamline the invoicing and payment collection process. Here's how you can implement it:
- Integration with Invoicing Software:
- Ensure that your invoicing software, such as QuickBooks or another accounting platform, is integrated with FedNow and supports the RTP system for Request for Payments.
- Generate Real-Time Invoices:
- Use your invoicing software to generate invoices for products or services rendered to your customers. Ensure that the software is configured to support real-time invoicing and integrates seamlessly with FedNow and the RTP system.
- Include Request for Payment Option:
- Within the invoice template, include an option for Request for Payment (RfP), allowing customers to make instant payments upon receipt of the invoice. This could be a clickable link or a QR code that directs them to initiate a payment through the RTP system.
- Instant Delivery of Invoices:
- Utilize the capabilities of FedNow and RTP to instantly deliver invoices to customers as soon as they are generated. This ensures prompt delivery and expedites the payment process.
- Real-Time Payment Notifications:
- Configure your system to send real-time payment notifications to both the payer and the payee as soon as a payment is initiated and processed through the RTP system. This provides immediate confirmation of payment receipt.
- Automated Reconciliation:
- Integrate your accounting software with FedNow and the RTP system to automatically reconcile payments received with the corresponding invoices. This eliminates manual reconciliation efforts and reduces errors.
- Enhanced Reporting and Analytics:
- Leverage the reporting and analytics capabilities of your accounting software to track real-time receivables, monitor payment trends, and gain insights into cash flow dynamics.
- Customer Support and Assistance:
- Provide support and assistance to customers who may have questions or encounter issues with making payments through the RTP system. Ensure that they have access to resources and guidance to facilitate smooth transactions.
By implementing these steps, you can create a seamless real-time receivables process using invoicing through FedNow and RTP systems for Request for Payments, enabling faster payment collection and improved cash flow management for your business.
Features & Benefits
FedNow instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $1,000,000 ~ FedNow, $10,000,000 ~ RTP.
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.
... 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.
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 Receivables 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
