Payments Requests with Recurring Batching via RTP® and FedNow® Real-Time Rails

Itemized Parameters, Attributes, Features & Benefits

Real-Time Payments Technical Parameters

• Payment Rails: RTP® (The Clearing House), FedNow® (Federal Reserve)
• File Format Support: ISO 20022-compliant XML, Excel (.xlsx), JSON
• Settlement Speed: Real-Time (<10 seconds), 24/7/365
• Transaction Types: A2A, B2B, C2B – Single or Recurring Batches
• Payment Request Methods: Email, SMS, QR, Invoicing
• Hosted Page: Included with every RfP™, no coding required
• Funds Type: Irrevocable Good Funds, No Chargebacks
• AR Integration: Auto-matching and ledger updates

Key Features of Real-Time Payments for Payees

1. Payee-Initiated Request for Payments (RfPs)

Merchants send secure payment requests via SMS, email, or embedded invoice. Customers complete the payment on a hosted, mobile-optimized checkout page.

2. FedNow® and RTP® Compatibility

All transactions run on real-time rails with 24/7/365 settlement—ensuring payments are processed immediately with finality.

3. Alias-Based MID Assignment

Assign alias-based MIDs by employee, department, or email/phone number. Enables secure routing and reconciliation across divisions.

4. ISO 20022 Messaging Compliance

All batches follow global standards for payment messaging, ensuring interoperability with financial institutions and regulatory bodies.

5. Hosted Payment Pages

No-code, secure, branded payment experiences included with every RfP™—optimized for mobile, desktop, and recurring use cases.

6. Automatic Reconciliation and Real-Time AR Tracking

Payments are auto-logged, applied to outstanding invoices, and matched to ledgers—ending aging receivables and guesswork.

Ask us How:

• Merchants can now use ISO 20022 file formats to upload batches of real-time Payments Requests across RTP® and FedNow® networks, receiving instant Good Funds for each transaction.
• Recurring billing workflows, POS sales, MOTO transactions, and ecommerce checkouts can all trigger real-time payment requests—completed by the payer through a secure, hosted RfP™ page.
• Instead of delayed ACH or expensive card processing, TodayPayments.com enables batch-settlement using FedNow® or RTP® for A2A, B2B, and C2B transactions—with full ISO 20022 metadata for remittance.
• Hosted RfP™ pages require no custom development and offer mobile-first payments that support cards, BNPL, financing, and real-time options—letting customers choose how and when they pay.
• Alias-based MIDs allow enterprise merchants to track payments across multiple branches, agents, or locations using unique identifiers tied to phone numbers or emails.
• TodayPayments.com eliminates AR aging with real-time reconciliation, automatic ledger syncing, and always-on funding—even after business hours or on weekends.
• Payments are not only instant—they are final. FedNow® and RTP® transactions are irrevocable, eliminating the risk of chargebacks or non-authorized returns.

Why Businesses Choose TodayPayments.com for Real-Time Payments

1. Enable payee-initiated RfPs using ISO 20022 standards
2. Get paid through FedNow® or RTP®—instantly, 24/7
3. Assign alias-based MIDs to employees, departments, or locations
4. Process and track payments across all U.S. banks and credit unions
5. Receive funds with hosted payment pages—no coding required
6. Eliminate AR aging with real-time reconciliation built in
7. Apply and onboard online—no bank visit necessary

To set up and manage recurring periodic "Payments Requests" using Open Banking (Variable Recurring Payments or VRP) with FedNow and Real-Time Payments, follow these steps:

1. Understanding VRP (Variable Recurring Payments)

VRPs allow customers to authorize third parties to make payments on their behalf within predefined limits. This is particularly useful for recurring payments where the amount or date might vary.

2. Integration with QuickBooks Online (QBO)

Ensure your QBO is integrated with the necessary plugins or services that support FedNow and Real-Time Payments (RTP). SecureQBPlugin.com is one such service that facilitates this integration.

3. Setting Up Recurring Payment Requests

a. Authorize VRP

• Ensure that your customers have authorized VRP through their bank. This often involves setting up a mandate where the customer specifies limits on the amount, frequency, and purpose of the payments.

b. Configure Payment Plugin

• Use SecureQBPlugin or a similar service to configure your payment requests. These plugins typically allow you to set up recurring payments with variable amounts.

c. Create Recurring Invoices

• In QBO, set up recurring invoices. When creating an invoice, choose the option to make it recurring.
• Specify the frequency (e.g., weekly, monthly) and any other parameters that align with the VRP authorization.

d. Automate Payment Requests

• Configure your payment plugin to automatically send payment requests to customers based on the recurring invoices. The plugin should support sending these requests through FedNow or RTP.

4. Managing VRP in QBO

a. Tracking Payments

• Monitor payments in QBO to ensure they are received on time and match the amounts specified in the invoices.
• Use QBO reports to track and reconcile these payments.

b. Handling Payment Variability

• If the amount varies, ensure your system can handle this. The payment request should reflect the exact amount due for each period.
• Adjust the recurring invoice in QBO if there are changes in the service or product costs.

5. Ensuring Security and Compliance

a. Secure Transactions

• Ensure all transactions are encrypted and comply with relevant financial regulations.
• Mask payment details to protect customer information.

b. Compliance with FedNow and RTP

• Stay updated with the compliance requirements for using FedNow and RTP.
• Ensure that your payment plugin and banking partner are compliant with these regulations.

6. Customer Communication

a. Notifications

• Send notifications to customers when a payment request is made, approved, or rejected.
• Provide clear instructions on how to manage their VRP mandates if they need to make changes.

b. Customer Support

• Offer support for customers to address any issues with payment requests or mandates.

Implementation Example

1. Set up SecureQBPlugin for integrating FedNow and RTP with QBO.
2. Authorize VRP with customer banks.
3. Create a recurring invoice in QBO:
   • Go to Sales > Recurring Transactions.
   • Click New, select Invoice, and set it to Recurring.
   • Specify the interval and any variable parameters.
4. Automate payment requests through SecureQBPlugin:
   • Configure the plugin to send requests at the specified intervals.
5. Track and reconcile payments in QBO:
   • Use Reports to monitor and reconcile payments.

This setup will help you efficiently manage recurring variable payments using the latest real-time payment technologies.

Tired of delayed ACH batches, manual reconciliation, and unpredictable cash flow? Ready to convert every payment request into Good Funds in seconds?

At TodayPayments.com, we help businesses activate batch and recurring Real-Time Payments using hosted RfP™ links, FedNow® and RTP® rails, and ISO 20022-compliant file formats.

✅ Instant Good Funds
✅ Hosted Pages for SMS, Email, and Invoicing
✅ Batch Uploads with .XML, Excel, or JSON
✅ Full Ledger Reconciliation
✅ Alias-Based MIDs
✅ Always-On Real-Time Payments

👉 Visit TodayPayments.com to launch your Real-Time Payment Request System today.
No delays. No guesswork. Just fast, final, fully funded payments.