Accelerate Business Transactions with FedNow® Merchant Account

Enhance Your Digital Invoice Processing and Payment Requests

B2B FedNow®: Transforming Business-to-Business Payments with Real-Time Transactions

What is B2B FedNow® and How It’s Changing Business Payments?

B2B FedNow® is a game-changer for business-to-business (B2B) transactions, providing instant, secure, and 24/7 real-time payments. Launched by the Federal Reserve, FedNow® eliminates the delays of traditional ACH, wire transfers, and checks, ensuring businesses can send and receive funds within seconds.

For businesses dealing with suppliers, vendors, payroll, and high-volume transactions, FedNow® significantly improves cash flow, efficiency, and financial transparency. No more waiting for payment processing—B2B FedNow® allows immediate access to funds, improving liquidity and financial planning.

Benefits of B2B FedNow® for Businesses

✅ 1. Instant Payments & Settlement

• Eliminate payment delays—B2B transactions settle within seconds, unlike ACH (1–3 days) or wire transfers (same-day but with cutoffs).
• Improve cash flow management by ensuring faster accounts receivable (AR) and accounts payable (AP) processing.

✅ 2. 24/7/365 Payment Processing

• Unlike traditional banking hours, FedNow® operates round the clock, even on weekends and holidays.
• Businesses can schedule payments anytime, reducing dependency on banking hours and batch processing delays.

✅ 3. Cost Savings on Transaction Fees

• Lower fees compared to wire transfers—FedNow® transactions cost less than expensive wire payments.
• Avoid the hidden costs of check processing and ACH batch fees.

✅ 4. Elimination of Payment Reversals & Chargebacks

• Final & Irreversible Transactions—Unlike ACH or credit card payments, FedNow® transactions cannot be reversed or charged back, reducing fraud risks.
• Strengthen B2B trust by ensuring secure, guaranteed payments.

✅ 5. Enhanced Business Efficiency

• Faster supplier payments result in stronger vendor relationships and better payment terms.
• Automate recurring payments and improve real-time reconciliation in financial management.

How B2B FedNow® Works

1 A business initiates a payment request via FedNow®.
2 The transaction is processed instantly through the FedNow® network.
3 Funds are credited in real-time to the recipient’s bank account.
4 The transaction is final, with immediate confirmation and settlement.

Unlike ACH payments (which rely on batch processing) or wire transfers (which can be expensive and time-restricted), FedNow® offers a real-time, low-cost alternative for B2B payments.

B2B Use Cases for FedNow®

* Supplier & Vendor Payments – Instantly pay suppliers and negotiate better terms.
* Payroll & Contractor Payments – Pay employees and freelancers instantly.
* B2B E-Commerce Transactions – Improve customer experience with immediate payments.
* Intercompany Fund Transfers – Move cash between business accounts in seconds.
⚡ Utility & Recurring Payments – Automate invoices and subscriptions without ACH delays.

B2B FedNow® vs. Traditional Payment Methods

Feature	B2B FedNow®	ACH Payments	Wire Transfers	Checks
Speed	Instant (seconds)	1–3 business days	Same-day (cutoff restrictions)	3–7 business days
Availability	24/7/365	Business hours	Business hours	Business hours
Transaction Fees	Low	Low	High	High (processing & mailing costs)
Settlement Finality	Instant & final	Can be reversed	Final	Can be lost or delayed
Best For	B2B, supplier payments, payroll	Recurring batch payments	Large international transactions	Legacy payments

How to Get Started with B2B FedNow®

* Check with Your Bank – Ensure your financial institution supports FedNow® transactions.
* Integrate with Business Systems – Use ERP, QuickBooks®, or accounting platforms that support real-time payments.
* Optimize Cash Flow Management – Implement FedNow® for faster invoicing, collections, and supplier payments.

Boost your business efficiency with B2B FedNow® and eliminate payment delays! Contact your bank today to enable real-time B2B transactions.

Creation Request for Payment Bank File

Enhance Your FedNow Merchant 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.