Instant B2B Digital Invoice Payments with FedNow®

Revolutionize Your Payment Process with FedNow® RfP

B2B FedNow® Payments: The Future of Instant Business Transactions

What Are B2B FedNow® Payments?

B2B FedNow® Payments revolutionize business-to-business transactions by offering instant, secure, and 24/7 real-time payments. Powered by the Federal Reserve’s FedNow® service, this payment method eliminates delays, reduces transaction costs, and enhances financial efficiency for businesses of all sizes.

Unlike ACH, wire transfers, or checks, which can take days to process, B2B FedNow® Payments settle within seconds, providing businesses with immediate access to funds and stronger cash flow management.

Benefits of B2B FedNow® Payments

✅ 1. Instant, 24/7 Business Payments

Send Request FedNowReceive and send payments within seconds—no more waiting for ACH batch processing or bank operating hours.

Send Request FedNowWorks 365 days a year, including weekends and holidays, making it ideal for global and time-sensitive transactions.

✅ 2. Improved Cash Flow & Liquidity

Send Request FedNowBusinesses can access funds instantly, ensuring better financial planning and operational flexibility.

Send Request FedNowReduces reliance on credit lines or short-term loans due to faster access to receivables.

✅ 3. Cost Savings on Transaction Fees

Send Request FedNowLower costs than wire transfers and no processing delays compared to ACH payments.

Send Request FedNowEliminates paper check processing fees and manual reconciliation efforts.

✅ 4. Fraud Prevention & Security

Send Request FedNowFinal and irrevocable transactions—reducing the risk of fraud, chargebacks, or payment reversals.

Send Request FedNowAdvanced FedNow® security features prevent unauthorized transactions.

✅ 5. Better Business Relationships

Send Request FedNowPaying suppliers and vendors instantly improves trust and supplier terms.

Send Request FedNowFaster payments enhance business reputation and creditworthiness.

How B2B FedNow® Payments Work

1️ A business initiates a payment request through FedNow®.
2️ The transaction is processed in real-time through the FedNow® network.
3️ Funds are instantly deposited into the recipient’s bank account.
4️ Both parties receive immediate payment confirmation, with no settlement delays.

This seamless, real-time process ensures businesses get paid faster and manage expenses efficiently.

B2B Use Cases for FedNow® Payments

💼 Supplier & Vendor Payments – Eliminate net 30-60-90 payment delays.
💰 Payroll & Contractor Payments – Pay employees and freelancers in real time.
🏢 Intercompany Transfers – Move cash across multiple business accounts instantly.
⚡ Invoice & Billing Payments – Improve accounts receivable and speed up collections.
📈 B2B E-Commerce Transactions – Instant payments for online and bulk orders.

B2B FedNow® Payments vs. Traditional Methods

Feature	B2B FedNow® Payments	ACH Transfers	Wire Transfers	Checks
Speed	Instant (seconds)	1–3 business days	Same-day (limited hours)	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 slow	High	High (processing, mailing, delays)
Settlement Finality	Immediate & irreversible	Can be reversed	Final	Can be lost or delayed
Best For	B2B supplier payments, payroll, e-commerce	Recurring batch payments	Large, one-time international transactions	Legacy payments

How to Get Started with B2B FedNow® Payments

🔹 Check if Your Bank Supports FedNow® – Not all banks have integrated real-time payments yet.
Set Up Business Accounts for FedNow® Transactions – Ensure your business bank account can send and receive instant payments.
🔹 Integrate with ERP & Accounting Software – Platforms like QuickBooks®, NetSuite, SAP, and others may support FedNow® for automated payment processing.
🔹 Train Your Finance Team – Educate employees on using FedNow® Payments for faster, more efficient B2B transactions.

Embrace the future of B2B payments with FedNow® and gain a competitive edge! Contact us below today to enable real-time business transactions.

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.