Instant Real-Time Payments Request for Payment (RfP™) Accounting via FedNow® and RTP® for Accrual and Cash Basis Businesses

✅ "FREE" Request for Payment Aging & Real-Time Payments Bank Reconciliation – with all merchants process with us.

To support merchants and finance teams of all sizes, TodayPayments.com offers free downloadable templates, including:

• Aging Accounts Receivable Worksheet: Pre-built with 15, 30, 60, 90+ day tracking
• Bank Reconciliation Templates: Instantly match payments with deposits across batches
• ISO 20022 File Format Samples: Plug-and-play structures for batch uploads and RfP™ message testing

✅ "FREE" Real-Time Payments Accounting Pamphlet– with all merchants process with us.
✅ "FREE" QuickBooks® QBO Request for Payment Book – with all merchants process with us.
✅ FedNow® & RTP® Dashboard Positive Pay worksheet – Starting at $25 monthly.

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Multi-MID RfP™ Activation Across All 50 States

We activate multiple merchant IDs across participating financial institutions, allowing sole proprietors, franchises, and multi-state enterprises to manage divisions and subsidiaries under one unified real-time accounting framework. ISO 20022 Messaging Infrastructure We structure RfP™ flows using standardized ISO 20022 messaging formats, enabling structured remittance data, automated GL posting, and frictionless reconciliation. Accrual and Cash Basis Accounting Integration We align instant settlement events with both accrual-based revenue recognition and cash-basis bookkeeping, eliminating reconciliation delays and reducing manual journal entries. Automated A/R Reconciliation with Built-In Aging. We embed aging logic directly into the RfP™ lifecycle so outstanding, pending, snoozed, declined, expired, and paid requests are visible in real time.

Solutions for Modern Payees

Instant Invoice-to-Cash Conversion We combine invoice issuance with real-time settlement so receivables convert to cleared funds within seconds. Alias, Hyperlink, and QR Code Payment Delivery We deliver RfP™ requests through email, mobile alias identifiers, secure hyperlinks, and QR codes to ensure seamless payer engagement. Multi-Bank Interoperability Between FedNow® and RTP® We enable businesses to route instant payments across multiple financial institutions without being locked into a single provider. Accounting-Ready Settlement Triggers.  We map each RfP™ event to accounting logic that supports Accounts Receivable posting, cash recognition, fee allocation, and clearing account management.

Benefits for Payees

Immediate Good Funds with Finality Payments settle in seconds with near-immediate confirmation and structured data support. Reduced Days Sales Outstanding Real-time Request for Payment significantly lowers aging exposure and improves working capital velocity. 24/7/365 Revenue Capture We enable businesses to receive payments at any time, including nights, weekends, and holidays. Structured Remittance Data for Automation.  ISO 20022 messaging provides invoice references, purpose codes, and merchant identifiers that streamline accounting workflows.

Features Built for Accounting Precision

Accrual Basis Real-Time Accounting When an RfP™ is issued, revenue may be recorded and posted to Accounts Receivable; when settlement occurs, A/R clears instantly, and cash is recognized with structured data validation. Cash Basis Real-Time Accounting Revenue is recognized upon settlement, and structured payment data eliminates undeposited funds ambiguity. Automated Fee Recognition and Clearing Logic Processing fees are split between gross revenue and expense accounts automatically, with optional rail clearing and operating cash separation. Enterprise-Grade Treasury Visibility.  We separate operating cash, rail clearing accounts, and settlement routing for real-time balance sheet transparency.

Top 10 Feature-Rich Reasons to Choose Premier FedNow® and RTP® Activation

1. Nationwide multi-bank real-time interoperability
2. Multiple MIDs for divisions and subsidiaries
3. ISO 20022 structured remittance automation
4. Built-in A/R aging intelligence
5. Alias-based instant payment delivery
6. Embedded hyperlink and QR-code functionality
7. Accrual and cash basis accounting alignment
8. Automated GL posting triggers
9. 24/7 instant settlement availability
10. American-based fintech support and onboarding

B2B and C2B Request for Payment Parameters, Attributes, Benefits and Features

For B2B and C2B transactions, our Request for Payment infrastructure supports unique RfP identification numbers, creditor and debtor identifiers, merchant MID allocation, alias routing, invoice references, due dates, requested execution timestamps, currency codes, instructed amounts, remittance information, purpose codes, expiration parameters, partial payment indicators, recurring flags, callback endpoints, and structured response codes; these attributes enable instant settlement, automated reconciliation, improved audit traceability, reduced disputes, enhanced working capital efficiency, and compliant revenue recognition across enterprise and sole proprietor environments.

Ask us How:

Businesses searching for how to activate ISO 20022 Request for Payment accounts across FedNow® and RTP® networks can deploy multi-bank real-time merchant processing through Real-TimePayments.com without becoming a financial institution. Companies seeking automated accrual and cash basis real-time payment accounting can implement RfP™ infrastructure with built-in A/R aging and GL posting automation. Enterprises looking for nationwide interoperability between FedNow® and RTP® with multiple merchant IDs can unify divisions and subsidiaries under one structured accounting dashboard. Sole proprietors needing instant QR code and hyperlink invoice settlement can activate alias-based real-time payments with automated reconciliation tools.

Minimum Mandatory ISO 20022 Request for Payment Data Fields

A minimum ISO 20022 Request for Payment message includes a unique message identification, creation date and time, creditor information, debtor information, instructed amount and currency, requested execution date, remittance information, creditor account details, debtor routing or proxy identifier, and expiration parameters; these structured fields ensure interoperability, compliance, reconciliation accuracy, and accounting integration readiness.

How to Get Approved for an Interoperability FedNow® and RTP® Merchant Processing Account

We guide businesses through entity verification, merchant underwriting, KYB documentation, compliance review, multi-bank onboarding, MID assignment, and RfP™ activation testing. Whether operating as a sole proprietor or a multi-state enterprise, we configure instant real-time payments infrastructure with accounting alignment for both accrual and cash basis reporting, including automated A/R reconciliation, rail-clearing separation, and settlement logic mapped directly to your chart of accounts.

We are redefining instant real-time payments for American businesses by combining ISO 20022 Request for Payment infrastructure with accounting intelligence and nationwide interoperability. When you activate your RfP™ environment with us, you gain multi-bank resilience, automated reconciliation, structured settlement data, and real-time revenue visibility. Visit https://www.Real-TimePayments.com to activate your FedNow® and RTP® merchant processing infrastructure and transform your receivables into real-time financial clarity.

 
Speak With a Real-Time Payment Specialist Now

Whether you’re ready to launch FedNow® & RTP® payments or just exploring options, our team is here to answer your questions and guide you toward the best-fit solution.

Call us now: (866) 927-7180

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