B2B FedNow ® Request for Payments

Experience Enhanced Transaction Efficiency

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

What is B2B FedNow®? B2B FedNow® is a real-time payment solution developed by the Federal Reserve, designed to help businesses send and receive instant payments 24/7/365. This revolutionary system eliminates delays, reduces transaction costs, and enhances financial security, making it the preferred alternative to ACH, wire transfers, and checks for business-to-business (B2B) transactions.

Unlike traditional business payments, which may take days to process, B2B FedNow® payments settle within seconds, allowing businesses to optimize cash flow, improve supplier relationships, and reduce operational inefficiencies.

Benefits of B2B FedNow® Payments

✅ 1. Real-Time Payments, 24/7/365

• Funds are transferred instantly—no more waiting for ACH batch processing or bank hours.
• Payments can be made on weekends and holidays, ensuring uninterrupted cash flow.

✅ 2. Faster Cash Flow & Liquidity Management

• Instant settlements allow businesses to manage working capital efficiently.
• Faster receivables reduce reliance on short-term financing and credit lines.

✅ 3. Lower Transaction Costs

• No more high wire transfer fees or check processing costs.
• FedNow® is more cost-effective than traditional payment networks.

✅ 4. Secure & Fraud-Resistant Transactions

• FedNow® transactions are final and irreversible, eliminating chargeback risks.
• Built-in fraud prevention and security measures ensure safer transactions.

✅ 5. Improved Vendor & Supplier Relationships

• Real-time payments improve trust and allow for better supplier payment terms.
• Faster transactions mean businesses can negotiate early payment discounts.

How B2B FedNow® Works

1️⃣ A business initiates a payment request through the FedNow® network.
2️⃣ The payment is processed instantly and funds are transferred within seconds.
3️⃣ The recipient receives immediate confirmation and access to funds.
4️⃣ The transaction is final, ensuring a seamless and dispute-free process.

This eliminates manual approvals, ACH delays, and high wire transfer fees, making FedNow® the most efficient B2B payment solution available.

B2B Use Cases for FedNow®

💼 Supplier & Vendor Payments – Pay suppliers instantly to improve business relationships.
💰 Payroll & Contractor Payments – Process employee salaries and freelance invoices in real time.
🏢 Intercompany Transfers – Move funds between business accounts instantly.
⚡ E-commerce & B2B Payments – Enable real-time checkout transactions for large orders.
📈 Invoice & Recurring Payments – Reduce accounts receivable delays and speed up collections.

B2B FedNow® vs. Traditional Payment Methods

Feature	B2B FedNow® Payments	ACH Transfers	Wire Transfers	Checks
Speed	Instant (seconds)	1–3 business days	Same-day (cutoff restrictions)	3–7 business days
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than wires & ACH	Low, but slower	High	High (processing, mailing, and delays)
Settlement Finality	Immediate & irreversible	Can be reversed	Final	Can be lost or delayed
Best For	B2B payments, payroll, supplier transactions, online payments	Recurring batch payments	Large, one-time international transactions	Legacy payments

How to Get Started with B2B FedNow®

🔹 Check with Your Bank – Ensure your financial institution offers FedNow® Business Payments.
🔹 Set Up a FedNow®-Enabled Business Account – Open an account to send and receive instant transactions.
🔹 Integrate with Accounting & ERP Software – Use platforms like QuickBooks®, NetSuite, SAP, and others to streamline payment processing.
🔹 Train Your Finance Team – Educate employees on real-time payment processing and financial system updates.

Future-proof your business with B2B FedNow® Payments! Contact us below today to enable real-time B2B transactions and enhance operational efficiency.

Creation Request for Payment Bank File

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.