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Ideal Payment Solutions for All U.S. Companies

FedNow® Merchant Services: Real-Time Payment Solutions for Businesses

What Are FedNow® Merchant Services?

FedNow® Merchant Services provide businesses with a real-time payment processing system that enables them to accept instant transactions 24/7/365. Developed by the Federal Reserve, FedNow® eliminates delays, reduces transaction costs, and offers secure, final payments, making it a game-changer for businesses looking to streamline operations and improve cash flow.

Unlike credit card payments, ACH transfers, and wire transactions, which can take hours or days to settle, FedNow® ensures that payments are processed in seconds, giving businesses immediate access to funds and greater financial control.

Benefits of FedNow® Merchant Services

✅ 1. Instant Payment Processing

·        No waiting—transactions settle within seconds, eliminating cash flow bottlenecks.

·        24/7/365 availability, including nights, weekends, and holidays.

✅ 2. Lower Fees Compared to Credit Cards & Wires

·        Avoid costly interchange fees associated with credit card processing.

·        FedNow® transactions are more affordable than wire transfers and ACH batch fees.

✅ 3. Fraud Prevention & Secure Transactions

·        Irreversible payments eliminate chargebacks and unauthorized disputes.

·        Enhanced security features reduce payment fraud risks.

✅ 4. Improved Cash Flow & Business Operations

·        Instant fund availability allows businesses to manage working capital more effectively.

·        No need for credit holds or delays—payments settle immediately.

✅ 5. Better Customer & Vendor Relationships

·        Instant supplier payments improve trust and open opportunities for better terms.

·        Customers enjoy faster, hassle-free transactions.

How FedNow® Merchant Services Work

1️⃣ A customer initiates a payment using FedNow®.
2️⃣ The transaction is processed instantly, with funds transferred to the merchant’s account.
3️⃣ Both parties receive real-time confirmation of the completed payment.
4️⃣ The transaction is final and cannot be reversed, eliminating chargeback risks.

This seamless process eliminates the waiting times associated with ACH payments, card transactions, and check deposits, making it ideal for businesses looking for faster, more secure payment processing.

Who Should Use FedNow® Merchant Services?

📌 E-commerce Businesses – Accept real-time payments without relying on credit card networks.
📌 Brick-and-Mortar Stores – Provide faster checkout experiences with instant payments.
📌 B2B & Supplier Payments – Pay vendors and partners instantly to strengthen relationships.
📌 Service-Based Businesses – Receive same-day payments without ACH or check delays.
📌 Freelancers & Gig Workers – Get paid immediately without processing wait times.

FedNow® Merchant Services vs. Traditional Payment Methods

Feature	FedNow® Merchant Services	Credit Card Payments	ACH Transfers	Wire Transfers
Speed	Instant (seconds)	1–3 business days	1–3 business days	Same-day (cutoff restrictions)
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than credit cards & wires	2.9% + fees	Low, but slower	High
Settlement Finality	Immediate & irreversible	Can be disputed	Can be reversed	Final
Best For	Retail, B2B, online stores, payroll, vendor payments	Consumer purchases	Recurring batch payments	Large international transactions

How to Get Started with FedNow® Merchant Services

🔹 Contact Your Payment Processor – Ensure your financial institution supports FedNow® transactions.
🔹 Set Up a FedNow®-Enabled Merchant Account – Activate instant payments for your business.
🔹 Integrate FedNow® with POS & Payment Systems – Use platforms like QuickBooks®, Stripe, Square, or NetSuite to automate transactions.
🔹 Train Your Staff & Customers – Educate employees and customers on using FedNow® for faster, secure payments.

Upgrade your business payments today! Contact us below to activate FedNow® Merchant Services and start accepting real-time transactions.

Creation Request for Payment Bank File

Enhance Your FedNow Merchant Services 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.