Instant FedNow® Payments for Merchant Accounts

Seamless Digital Invoicing for B2B, B2C, C2B

FedNow® Merchant Account: The Future of Real-Time Business Payments

What is a FedNow® Merchant Account?

A FedNow® Merchant Account enables businesses to accept real-time payments from customers, vendors, and partners instantly, 24/7/365. Powered by the Federal Reserve’s FedNow® network, this system eliminates settlement delays, reduces transaction fees, and enhances financial security—making it a superior alternative to ACH, wire transfers, and credit card processing.

Unlike traditional merchant accounts that rely on credit card networks or ACH transfers, a FedNow® Merchant Account processes transactions within seconds, providing businesses with instant access to funds and improved cash flow.

Benefits of a FedNow® Merchant Account

✅ 1. Instant, 24/7 Payment Processing

No more waiting for bank hours—transactions settle instantly, including nights, weekends, and holidays.

Faster payments mean improved business liquidity and reduced cash flow gaps.

✅ 2. Lower Transaction Costs vs. Credit Cards

FedNow® payments bypass traditional card networks, reducing interchange and processing fees.

Eliminates ACH batch fees, wire transfer costs, and chargeback risks.

✅ 3. Secure & Fraud-Proof Transactions

FedNow® transactions are final and irreversible, preventing chargebacks and unauthorized disputes.

Built-in security features help protect businesses from fraud and unauthorized transactions.

✅ 4. Enhanced Customer & Vendor Relationships

Faster supplier payments improve trust and payment terms.

Customers enjoy real-time transactions, leading to better experiences and retention.

✅ 5. Seamless Business Integration

Integrates with online stores, POS systems, invoicing software, and ERP platforms.

Works across industries—e-commerce, retail, B2B transactions, and service providers.

How a FedNow® Merchant Account Works

1️ A customer or business initiates a payment via the FedNow® network.
2️ The funds are transferred instantly to the merchant’s business account.
3️ Both parties receive confirmation in real-time, ensuring transparency.
4️ The transaction is final, eliminating chargeback risks and delays.

This seamless payment process ensures businesses can accept instant payments without relying on slow ACH processing or expensive credit card fees.

Who Should Use a FedNow® Merchant Account?

📌 E-commerce & Online Retailers – Accept real-time digital payments with no card fees.
📌 Brick-and-Mortar Stores – Enable instant payments for faster checkout.
📌 Service-Based Businesses – Get paid immediately for completed work.
📌 B2B & Supplier Transactions – Improve business cash flow and vendor relationships.
📌 Freelancers & Contractors – Receive instant payments with no waiting for ACH transfers.

FedNow® Merchant Account vs. Traditional Payment Methods

Feature	FedNow® Merchant Account	Credit Card Payments	ACH Transfers	Wire Transfers
Speed	Instant (seconds)	1–3 business days	1–3 business days	Same-day (cutoff restrictions)
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than credit cards & wires	2.9% + fees	Low, but slower	High
Settlement Finality	Immediate & irreversible	Can be disputed	Can be reversed	Final
Best For	Merchants, B2B payments, online sales, payroll	Consumer purchases	Recurring batch payments	Large international transactions

How to Open a FedNow® Merchant Account

🔹 Check with Your Payment Processor – Verify if your bank or payment service provider supports FedNow® transactions.
🔹 Set Up a FedNow®-Enabled Merchant Account – Open an account that allows real-time business payments.
🔹 Integrate FedNow® with Your POS & Payment Systems – Use software like QuickBooks®, Stripe, Square, NetSuite, or SAP for automated transactions.
🔹 Train Your Staff & Customers – Educate employees and customers on using FedNow® for faster, more secure payments.

Enable FedNow® Merchant Payments Today! Contact us below to activate real-time payments and streamline your business finances.

Creation Request for Payment Bank File

Enhance Your FedNow Merchant Account 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.