Biller's login - Hosted Payments Page
Real-Time Payments Gateway


ACH Real Time

What is ACH Real Time

Real-Time Payments is an exciting new service brought about by the Faster Payments Initiative of the FedNow ™ US Federal Reserve providing payments that are instant, final and secure. FedNow, ACH Real Time 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 account-to-account (A2A) transfers that utilize a real-time and text messaging system connected to every transaction participant through all U.S.-based financial institutions.

Integrating ACH (Automated Clearing House) Real-Time Processing in mobile banking apps, along with invoicing, SMS/text notifications, and file upload features, can streamline and modernize the banking experience. Here’s how each component can enhance banking services:

1. ACH Real-Time Processing

  • Immediate Transfers: Allowing real-time ACH transfers provides customers with faster access to funds, ideal for both business and personal banking.
  • Reduced Fees: Compared to wire transfers, ACH payments are often more cost-effective, saving money for both the bank and its customers.
  • API Integration: Using APIs, real-time ACH can be seamlessly integrated into mobile and web applications, enhancing user experience.

2. Mobile Interface

  • Easy Navigation: A clean, intuitive mobile interface ensures users can initiate and track ACH transfers with minimal effort.
  • Security Enhancements: Implementing biometric authentication, multi-factor authentication, and encryption to secure ACH transactions.
  • Push Notifications: Users can receive real-time updates on transaction statuses directly through mobile.

3. Invoicing

  • Automated Billing: Small business clients and freelancers can generate and send invoices directly within the banking app.
  • Payment Links: Allow users to attach payment links that redirect customers to secure payment processing, integrating ACH as a payment method.
  • Recurring Payments: For customers managing regular bills, enabling recurring invoices and payments can be a huge time-saver.

4. Text Notifications

  • Transaction Alerts: Instantly notify users about transaction activity, particularly ACH payments, withdrawals, and deposits.
  • Payment Reminders: Send reminders to customers when invoices are due, helping to ensure timely payments.
  • Two-Way Communication: Text support allows customers to respond for additional support, making troubleshooting and updates more accessible.

5. File Uploads

  • Supporting Documentation: Allows customers to upload necessary files for loan applications, audits, or payment confirmations.
  • File Verification: Implement a secure upload and storage system that verifies file authenticity, adding an extra layer of security.
  • Digital Receipts: Customers can store and access digital receipts of their transactions, contributing to a paperless workflow.

Benefits for Banks

By offering real-time ACH with invoicing, mobile support, and SMS and file upload features, banks enhance customer satisfaction, reduce transaction friction, and position themselves as modern, accessible financial partners.

 

Features & Benefits

FedNow instant payments has benefits for all parties involved in Financial Transactions.
Benefits to your company include:
Text Mobile Request for Real-Time Payment Money Transfer: Current limit of $1,000,000.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
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.
Software Integration: Integrate your A/R & A/P 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 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. Request for Payment

... 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.

Contact Us for Real-time Payments processing