Cheap FedNow
How to use Cheap FedNow
Cheap FedNow and Real-Time instant payments, are defined simply as: Irrevocably collected funds in a bank account and usable immediately by the owner of the account. Our "Good Funds" payment gateway allows for instant real-time digital payments that are immediate, irrevocable, intra-bank and/or interbank, B2B, B2C and C2B account-to-account (A2A) transfers that utilize a real-time messaging system connected to every transaction participant through all U.S.-based financial institutions.
Attributes of Cheap FedNow for your business using instant payments
We are referring to a payment solution from "Today Payments" that allows merchants to use the FedNow service at a very low cost, potentially even $0, with a surcharge applied for the transactions.
FedNow is a real-time payment service launched by the Federal Reserve in the U.S. It allows for instant payments and transfers between financial institutions, available 24/7.
Some key attributes and benefits for merchants using a service like this might include:
Attributes:
- Instant Payments: FedNow allows immediate funds transfer, which improves cash flow for merchants.
- Low Transaction Costs: The mention of "as low as $0 with surcharge" suggests minimal or no upfront fees, though a surcharge might be applied depending on the transaction.
- 24/7 Availability: FedNow works around the clock, allowing transactions at any time.
- Integration with Multiple Payment Methods: FedNow can often be integrated with different merchant platforms.
- Safe and Secure: Since it's backed by the Federal Reserve, the service has strong security measures in place.
Benefits:
- Faster Settlements: Merchants can receive payments in real-time rather than waiting for traditional banking hours.
- Lower Operational Costs: With low or zero transaction fees, merchants can save on payment processing costs.
- Better Cash Flow Management: Instant access to funds allows businesses to manage their liquidity more effectively.
- Customer Convenience: Customers can pay instantly, making the checkout process smoother and quicker.
- Reduced Fraud Risk: FedNow uses strong authentication and encryption methods to help minimize fraud.
This is an offer from a FedNow payment provider like "Today Payments," positioning us themselves as an affordable, efficient option for merchants wanting to tap into FedNow's instant payment capabilities.
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 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.
1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments .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 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, Real-Time Payments, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file, with a $25 maximum,
3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Cheap FedNow 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 Cheap FedNow payment processing
