Request Bill Payments
How to Request Bill Payments
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 account-to-account (A2A) transfers that utilize a real-time messaging system connected to every transaction participant through all U.S.-based financial institutions.
"Request Bill Payments" represent the latest evolution in digital invoicing, offering a streamlined and efficient way for payees to initiate payment requests from payers. Here's how Request Bill Payments work when payees send communications to payers via texting, email, point of sale (POS), or digital platforms:
- Initiating Requests:
- Payees create and send Request Bill Payments to their customers or clients, specifying the amount due, payment details, and any relevant information. This can be done through various channels like texting, email, POS systems, or digital platforms.
- Texting and Email:
- Payees can send Request Bill Payments via text message or email, providing a convenient and direct communication channel for customers to receive and respond to payment requests.
- Point of Sale (POS):
- In retail or physical locations, payees can generate Request Bill Payments directly from their POS systems when customers make purchases. This allows for seamless integration of payment requests into the sales process.
- Digital Platforms:
- Through digital platforms such as invoicing software or online portals, payees can create and manage Request Bill Payments efficiently, offering customers a centralized hub for viewing and responding to payment requests.
- Payment Details:
- Request Bill Payments include comprehensive payment details, such as the amount owed, due date, accepted payment methods (ACH, credit cards, etc.), and instructions on how to complete the payment.
- Convenience and Accessibility:
- By leveraging texting, email, POS, and digital platforms, payees make it easy for payers to receive and respond to payment requests from anywhere, at any time, using their preferred communication and payment methods.
- Integration with Payment Gateways:
- Payees integrate Request Bill Payments with payment gateways to facilitate secure and efficient payment processing. This ensures that payments made in response to the requests are processed seamlessly and funds are deposited into the payee's account.
- Tracking and Management:
- Payees can track and manage Request Bill Payments through dedicated software or platforms, allowing for efficient monitoring of payment statuses, reminders for overdue payments, and reconciliation with accounting records.
- Customer Experience:
- Offering Request Bill Payments enhances the customer experience by providing a convenient and transparent way for customers to manage their invoices and make payments, leading to improved satisfaction and retention.
- Security and Compliance:
- Payees prioritize security and compliance by implementing measures to protect sensitive payment information, adhere to regulatory requirements, and prevent fraud or unauthorized access to payment requests and transactions.
Overall, Request Bill Payments represent a modern and efficient approach to invoicing and payment collection, leveraging digital communication channels and technology to streamline the payment process and enhance the overall customer experience.
Features & Benefits
FedNow instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $500,000.
It's Fast: 24/7/365 access to funds anytime vs.
several days for paper checks or ACH transfers to process.
Request for Payments ( RfP ™): Mobile & Online Real-Time Bill Payments.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
Software Integration: Integrate your Management
or Enterprise software with us.
Message Detail: Full 145 characters available
using ISO 20022 messaging XML format.
Online Down Payments: Don't use inconvenient
and expensive Wires & Cashier's Checks.
Online Real-Time Reporting: Configured
Dashboard with Virtual Terminal login.
Reduced calls / emails in the "Purchasing Chain": All
parties to a instant payment transaction receive immediately
text & email messaging.
The
FedNow and RTP Systems enables Participants to initiate credit transfers,
receive final and irrevocable settlement for credit transfers,
and make available to Receivers funds associated with such
credit transfers in real-time, twenty-four (24) hours a day,
seven (7) days a week, fifty-two (52) weeks a year. All instant payments are "Credit
Push" instead of "Debit Pull."
Creation Request for Payment Bank File
Call us, the .csv and or .xml 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 Real-Time 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 (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed 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. Create Multiple Templates. Payer/Customer Routing Transit and Deposit Account Number may be required to import with your bank. You can upload or "key data" into our software for File Creation of "Mandatory" general file.
Fees = $57 monthly, including Support Fees and Batch Fee, Monthly Fee, User Fee, Additional Payment Method on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,
3) Payer Routing Transit and Deposit Account Number is NOT required to import with your bank. We add your URI for each separate Payer transaction.
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 Request For Payment payment processing