Request for Pay (RfP) from Payee to Payers: Instant & Secure Payment Requests
What is Request for Pay (RfP) from Payee to Payers?
Request for Pay (RfP) is a modern,
digital payment request system that allows businesses and
individuals to request and receive payments in real time. Unlike
traditional invoicing, where recipients manually initiate payments,
RfP sends a secure payment request to the payer’s bank, enabling
instant authorization and transaction processing. This system
enhances cash flow management, reduces late payments, and provides a
seamless payment experience for businesses and consumers alike.
Request for Pay (RfP) is a real-time
payment request system that allows a payee (merchant, service
provider, or business) to send a payment request directly to a payer
(customer, client, or business partner). Unlike traditional
invoicing or billing methods, RfP ensures instant authorization and
settlement, eliminating the delays caused by manual payment
processing, credit card holds, and ACH bank transfers.
With RfP, payees can send secure payment
requests via banks or digital platforms, and payers can approve and
complete the transaction instantly. This is especially beneficial
for business-to-business (B2B) transactions, bill payments,
e-commerce purchases, subscription services, and loan repayments. By
leveraging RfP, businesses improve cash flow, reduce payment
failures, and enhance financial security.
Request for Pay RfP ™ and Request
to Pay RtP
Request for Payment RfP ™ is the term in the United States with European countries term as
Request to Pay RtP.
Key Benefits of Request for Pay (RfP)
from Payee to Payers
✅ Faster Payments & Real-Time
Settlement
Payees no longer need to wait for ACH transfers
or credit card processing delays—payments are settled instantly upon
payer approval.
✅ Eliminates Payment
Uncertainty
Unlike invoices that require manual payment
initiation, RfP automates the request process, reducing missed
payments and late fees.
✅ Higher Security & Fraud
Protection
Payments are pre-approved by the payer,
minimizing chargeback risks and fraudulent disputes, making it a
more trustworthy alternative to credit cards and wire transfers.
✅ Seamless Cash Flow Management
Businesses and merchants receive immediate
confirmation of payments, allowing them to better manage revenue
streams and avoid financial gaps.
How Request for Pay (RfP) Works for
Payees & Payers
🔹 Step 1: The Payee Sends a
Payment Request – The business, merchant, or service provider
initiates an RfP through their banking platform or a digital
payment gateway.
🔹 Step 2: The Payer Receives a
Notification – The payer gets a secure payment request
via their bank app, email, or SMS and can review the details
before approving.
🔹 Step 3: Instant Payment
Authorization & Settlement – Once the payer approves the
request, funds are instantly transferred to the payee,
eliminating waiting periods.
Features of Request for Pay (RfP) for
Payees & Payers
🔹 Automated Payment Requests
– Businesses can send on-demand or recurring payment requests
to customers.
🔹 Direct Bank-to-Bank Transactions
– No need for third-party payment processors, reducing costs
and increasing transaction speed.
🔹 Supports
Multiple Payment Scenarios – Ideal for subscription billing,
B2B payments, utility bills, rent collection, and e-commerce
checkouts.
🔹 Fraud Prevention & Payment
Security – Payer must authenticate and approve each
payment, reducing the risk of fraud.
Request for Pay (RfP) vs. Traditional
Invoicing & Payment Methods
|
Feature |
Request for Pay (RfP) |
Credit Cards |
ACH Transfers |
Invoices |
|
Speed |
Instant |
1-3 Days |
1-3 Days |
Varies |
|
Payer Authorization |
✅ Yes |
❌ No |
❌ No |
❌ No |
|
Chargeback Risk |
❌ None |
✅ High |
✅ Moderate |
✅ Moderate |
|
Best Use Case |
B2B, rent payments, utilities,
payroll, e-commerce |
Online Shopping |
Payroll, Large Transfers |
Bill Payments |
Why Businesses Should Use Request for Pay
(RfP) for Collecting Payments
💡 Instant, hassle-free
payments with no chargeback risks.
💡 Higher
payment success rates compared to invoices and manual payments.
💡 Faster revenue collection, improved cash flow,
and enhanced security.
💡 Lower transaction
fees than credit cards and third-party payment services.
📌 Want to integrate Request
for Pay (RfP) for your business? Start today and streamline your
payment collection process! 🚀
Features & Benefits
FedNow instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $1M FedNow, $10 RTP.
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."
How to Enroll in Request for Payment invoicing
All Merchants / Billers on the messaging via their financial institution of Request for Pay via mobile app or website network have to actively enroll. Enrollment can be through their current payment processor. But, what if, as a Merchant / Biller, you currently only accept Credit/Debit Cards as payments but want to now offer your Customers additional payment methods such as Same-Day ACH or Real-Time Payments? You may either contact your payment provider or enroll directly with us for the additional payment methods.
Today Payments
...Request for Pay makes Real-Time Payments possible as a digital overlay service. RTP payments, is considered as a key element in an evolving payments landscape shaped by developments such as Open Banking and real-time payments. Request for Pay solutions are aimed at further increasing certainty, transparency and convenience when making and receiving payments. Request for Pay, will play the pivotal role in the context of real-time electronic invoice presentment and payment, where it is seen as a means to speed up the end-to-end process and ease reconciliation processes in particular.
Today Payments is a leader in the evolution of instant real-time payments. We were years ahead of competitors recognizing the benefits of Real-Time Payments funding through Real-Time ACH (ACH Push and Pull) and Instant Direct Deposit. Our customers 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. Our platform with its tools / widgets help organizations of all sizes reduce transaction costs, mitigate risk and increase efficiencies. Our system ensures proper Authentication, Authorization, Verification, Settlement, Notifications and Postings.
Process with the Request for Pay Professionals
- Automation of Accounts Receivable Collection with Real-Time Settlement & Deposit
- Automation of Accounts Payable Payments with Real-Time Settlement & Deposit
- One-Time & Recurring Debits & Credits with Real-Time Settlement & Deposit
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 Pay payment processing
