Top FedNow® Processors for B2B Payments

Streamline Batches Upload & Download for Instant Payments

FedNow® Processor: Real-Time Payment Solutions for Businesses

What is a FedNow® Processor?

A FedNow® Processor is a payment service provider or financial institution that enables businesses and merchants to send, receive, and process real-time payments using the Federal Reserve’s FedNow® network. This instant payment solution eliminates delays associated with ACH, wire transfers, and credit card transactions, allowing businesses to operate with faster cash flow and lower transaction costs.

Unlike traditional payment processors, which rely on batch processing or card networks, a FedNow® Processor ensures payments settle within seconds, providing immediate access to funds and reducing business inefficiencies.

Benefits of Using a FedNow® Processor

✅ 1. Real-Time, 24/7 Payment Processing

• No more waiting for banking hours—FedNow® transactions process instantly, 24/7/365, including weekends and holidays.
• Businesses can send and receive payments within seconds, ensuring faster access to funds.

✅ 2. Lower Transaction Costs vs. Traditional Processors

• Bypassing card networks reduces costly interchange fees.
• Eliminates ACH processing delays and wire transfer fees, leading to more cost-effective transactions.

✅ 3. Improved Cash Flow & Business Liquidity

• Immediate settlement of transactions enhances working capital management.
• Faster payments reduce dependency on credit lines or short-term loans.

✅ 4. Secure & Fraud-Proof Transactions

• FedNow® transactions are final and irreversible, eliminating chargebacks and fraud risks.
• Advanced encryption and security protocols ensure safe and compliant financial transactions.

✅ 5. Enhanced B2B & B2C Payment Flexibility

• Ideal for supplier payments, payroll, online transactions, and invoice settlements.
• Faster reconciliation for businesses with automated financial tracking.

How a FedNow® Processor Works

1️⃣ A business initiates a payment request using a FedNow®-enabled processor.
2️⃣ The FedNow® network processes the transaction in real time.
3️⃣ Funds are instantly deposited into the recipient’s bank account.
4️⃣ Both parties receive confirmation, ensuring transparency and finality.

This streamlined approach eliminates delays caused by ACH batch processing, wire transfer cutoffs, and card settlement times, making FedNow® the fastest payment processing solution available.

Who Needs a FedNow® Processor?

📌 Retail & E-Commerce Businesses – Accept real-time customer payments for faster checkout.
📌 B2B Enterprises – Send and receive instant supplier payments to improve vendor relationships.
📌 Payroll & HR Departments – Pay employees instantly, reducing payroll delays.
📌 Freelancers & Gig Workers – Get paid immediately with no processing wait times.
📌 Financial Institutions & Fintech Companies – Offer customers real-time payment processing with FedNow® integration.

FedNow® Processor vs. Traditional Payment Processors

Feature	FedNow® Processor	Credit Card Processors	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 card processing & wires	2.9% + fees	Low, but slower	High
Settlement Finality	Immediate & irreversible	Can be disputed	Can be reversed	Final
Best For	Retail, B2B, payroll, online payments, financial services	Consumer purchases	Recurring batch payments	Large international transactions

How to Choose the Right FedNow® Processor

🔹 Check Processor Compatibility – Ensure your payment service provider supports FedNow® transactions.
🔹 Look for Bank Integration – Choose a processor that works seamlessly with your business bank account.
🔹 Consider Security & Compliance – Verify encryption standards and fraud prevention measures.
🔹 Evaluate Pricing & Transaction Fees – Compare rates to maximize cost savings over traditional processing.
🔹 Assess ERP & Software Integration – Ensure compatibility with QuickBooks®, SAP, NetSuite, or other business software.

Upgrade to instant payments with a FedNow® Processor today! Contact us below to enable real-time business transactions and improve financial efficiency.

Long-Term Benefits:

• Reduced transaction times
• Enhanced cash flow management
• Robust integration with financial institutions
• Increased operational efficiency

Creation Request for Payment Bank File

Enhance Your FedNow Processor 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.