FedNow Request For Payment
What is FedNow® Request for Payment – Real-Time Transactions with Rich Data Messaging

FedNow® Request for Payment allows U.S. merchants, enterprises, and FinTechs to initiate and receive real-time payment requests using secure ISO 20022 messaging. With support for rich data formats like pain.001 and pain.013, you can seamlessly import, upload, and download RfPs through connected financial dashboards and platforms. Once processed, funds are transferred instantly via FedNow® or RTP® with full reconciliation and reporting.
This instant funding mechanism provides good funds, structured messaging, and compliance-ready transactions that modern businesses rely on.
Real-Time Request for Payments with ISO 20022 Rich Data
Legacy payment systems often fail to deliver real-time results or structured data. With FedNow® Request for Payment, ISO 20022 rich data formats ensure each transaction is clear, traceable, and instantly settled. Businesses and platforms can use mobile numbers or emails as alias-based identifiers, simplifying payment routing without needing full bank account details.
By leveraging FinTech-hosted dashboards and U.S. bank integrations, payees can instantly receive payments, reconcile accounts, and download formatted Excel reports—all with no paper checks or in-person banking.
Key Benefits and Features of FedNow® RfP with Rich Data:
- Supports ISO 20022 formats: pain.001, pain.013, and more
- Fully compliant with FedNow® and RTP® real-time rails
- RfPs can be created and uploaded via dashboard or batch import
- Alias-based payee identifiers using phone or email
- Hosted Payment Page links embedded in every RfP
- Instant good funds with no chargebacks or delays
- Excel export for transaction and reconciliation reporting
- Compatible with FinTech APIs and bank-connected dashboards
- Multi-bank support across all 50 U.S. states
- Free access to importing, uploading, and downloading tools for payees
How Rich Data Enhances the FedNow® Request for Payment Process
Each Request for Payment file includes structured, machine-readable fields such as payer ID, invoice reference, due date, and remittance data.
Using ISO 20022 XML schemas, FinTech systems and bank dashboards can validate, format, and route RfPs with high accuracy. Once submitted, the request is delivered to the payer’s bank for confirmation. Upon approval, the funds move in real time via FedNow® or RTP® and appear instantly in the payee’s account.
All transactions are downloadable as Excel files, complete with timestamps, merchant identifiers, and reconciliation fields to simplify financial closeout processes.
Importing, Uploading, and Downloading RfP Files via Dashboards
Payees gain full control of the payment lifecycle by managing RfP files directly through their dashboard interface.
Files can be imported in XML or HTML formats and scheduled for immediate or recurring submission. Uploaded RfPs are routed to the payer instantly, and upon confirmation, real-time funds are received.
Dashboards allow payees to:
- View live payment statuses
- Export Excel summaries of pending and completed transactions
- Download reconciliation data for each RfP
- Filter by alias, MID, or transaction date
- Integrate outputs with QuickBooks® or ERP systems
This self-serve model is ideal for organizations seeking speed, transparency, and accuracy in how they receive funds from customers and clients.
Receive Real-Time Good Funds Instantly at TodayPayments.com
Creating a FedNow Request for Payment (RfP) message format for mobile payments that aligns with the ISO 20022 standard while integrating with Real-Time Payments (RTP) and Automated Clearing House (ACH) requires careful consideration of the unique features of each payment network.
Here’s a detailed breakdown of how to structure an RfP message for mobile payments, ensuring it can be processed via FedNow, RTP, and ACH while adhering to ISO 20022 standards.
FedNow Request for Payment (RfP) Mobile Message Specification Format
1. Message Header
- Message Identifier (MsgId): A
unique identifier for the payment request.
- Data Type: String (Max length: 35)
- Example Value: RFP-987654321-FedNow
- Creation Date and Time (CreDtTm):
The date and time when the message is created.
- Data Type: DateTime (ISO 8601 format)
- Example Value: 2023-12-05T10:15:30Z
- Message Type (MsgTp): Defines the
type of message being sent (Request for Payment).
- Data Type: String (Fixed Value: RFP)
- Example Value: RFP
2. Initiating Party Information
- Initiating Party Name
(InitgPtyNm): The name of the individual or entity initiating
the payment request.
- Data Type: String (Max length: 140)
- Example Value: John Doe
- Initiating Party Identifier
(InitgPtyId): Unique identifier for the initiating party
(e.g., mobile phone number or email).
- Data Type: String (Max length: 35)
- Example Value: +11234567890
- Initiating Party Financial
Institution (InitgPtyFinInstnId): Identifier of the
initiating party's bank.
- Data Type: String (Max length: 35)
- Example Value: BANK12345
3. Creditor Information
- Creditor Name (CdtrNm): Name of
the creditor to whom payment is owed.
- Data Type: String (Max length: 140)
- Example Value: ABC Corp
- Creditor Identifier (CdtrId):
Unique identifier for the creditor (e.g., business ID, account
number).
- Data Type: String (Max length: 35)
- Example Value: 987654321
- Creditor Financial Institution
Identifier (CdtrFinInstnId): Identifier of the creditor's
financial institution.
- Data Type: String (Max length: 35)
- Example Value: BANK98765
4. Debtor Information
- Debtor Name (DbtrNm): Name of the
debtor (the party from whom payment is requested).
- Data Type: String (Max length: 140)
- Example Value: Jane Doe
- Debtor Identifier (DbtrId):
Unique identifier for the debtor (e.g., mobile number, email,
or bank account number).
- Data Type: String (Max length: 35)
- Example Value: janedoe@example.com
- Debtor Financial Institution
Identifier (DbtrFinInstnId): Identifier of the debtor's
bank or financial institution.
- Data Type: String (Max length: 35)
- Example Value: BANK65432
5. Payment Details
- Payment Amount (PmtAmt): The
amount requested in the payment.
- Data Type: Decimal (Precision: 18, 2)
- Example Value: 150.00
- Currency (Ccy): Currency in which
the payment is requested (ISO 4217 Code).
- Data Type: String
- Example Value: USD
- Payment Due Date (DueDt): Date by
which the payment should be made.
- Data Type: Date (ISO 8601 format)
- Example Value: 2023-12-20
6. Payment Channels (Mobile, RTP, ACH)
This section contains fields specifying the preferred or supported payment channels (FedNow, RTP, and ACH).
- Payment Method (PmtMtd):
Indicates the preferred method for payment.
- Data Type: String (e.g., FedNow, RTP, ACH)
- Example Value: FedNow
- Real-Time Payment (RTP) Details:
- RTP Identifier (RTPId):
Unique transaction ID for RTP.
- Data Type: String (Max length: 35)
- Example Value: RTP-456789123
- RTP Financial Institution ID
(RTPFinInstnId): Identifier of the financial institution
processing the RTP.
- Data Type: String (Max length: 35)
- Example Value: BANK98765
- RTP Transaction Date
(RTPTrnsDt): Date and time of the RTP transaction.
- Data Type: DateTime (ISO 8601 format)
- Example Value: 2023-12-05T11:15:30Z
- RTP Identifier (RTPId):
Unique transaction ID for RTP.
- ACH Payment Details:
- ACH Transaction ID
(ACHTrnsId): Transaction ID for the ACH payment.
- Data Type: String (Max length: 35)
- Example Value: ACH-123456789
- ACH Routing Number
(ACHRtgNb): ACH routing number for the payment.
- Data Type: String (Max length: 9)
- Example Value: 021000021
- ACH Settlement Date
(ACHSttlmDt): Settlement date for the ACH payment.
- Data Type: Date (ISO 8601 format)
- Example Value: 2023-12-10
- ACH Transaction ID
(ACHTrnsId): Transaction ID for the ACH payment.
7. Invoice/Reference Information
- Invoice Number (InvNb): Reference
number for the payment request.
- Data Type: String (Max length: 35)
- Example Value: INV-987654
- Reference Note (RfrdDoc):
Optional reference or memo for the payment.
- Data Type: String (Max length: 140)
- Example Value: Payment for November utilities.
8. Additional Information
- Remittance Information (RmtInf):
Optional field for remittance or payment details.
- Data Type: String (Max length: 140)
- Example Value: Invoice #987 for utilities.
- Payment Terms (PmtTrms): Any
specific terms or conditions for the payment.
- Data Type: String (Max length: 140)
- Example Value: Net 30 days.
Integration Across Payment Channels
1. FedNow Integration:
FedNow operates in real-time, so it supports immediate RfP processing. The mobile-specific data (e.g., phone number or email for payment notification) can be mapped directly into FedNow’s ISO 20022-compliant fields. FedNow offers real-time credit transfer, with immediate settlement.
2. Real-Time Payments (RTP):
RTP supports ISO 20022 and is compatible with FedNow. If RTP is the chosen channel, the system can use the RTPId and RTPFinInstnId to process payments. RTP provides the same real-time benefits as FedNow, but the clearing and settlement occur through The Clearing House.
3. Automated Clearing House (ACH):
ACH is slower compared to FedNow and RTP but supports batch payments. ACH data (like routing number and transaction ID) needs to be handled in the ACHTrnsId and ACHRtgNb fields. ACH payments can be scheduled for future settlement, typically one to two business days after initiation.
End-to-End Payment Flow
- Request Creation: The RfP is generated by the creditor (business) and sent to the debtor (payer) via their mobile device, with preferences for payment methods (FedNow, RTP, or ACH).
- Payment Method Selection: The debtor selects a payment method (real-time or batch processing) depending on urgency, cost, and network availability.
- Processing and Settlement: The selected payment network processes the payment request, and the transaction is completed in real-time (FedNow/RTP) or through a delayed settlement (ACH).
- Reconciliation: Upon payment completion, the RfP is reconciled with invoice data, with remittance information shared as needed.
This specification integrates mobile payment functionality with three distinct payment rails (FedNow, RTP, and ACH), all while conforming to ISO 20022 standards. It ensures that payment requests can be processed efficiently across various channels based on the needs of the debtor and creditor.
Receive Real-Time Good Funds Instantly at TodayPayments.com
Ditch the slow checks, ACH delays, and manual entries.
✅ Upload ISO 20022 RfP files using
XML or HTML
✅ Collect instant FedNow® and
RTP® payments 24/7
✅ Eliminate in-person
bank visits with online dashboard access
✅ Alias-based
payment requests using mobile or email
✅ Download
Excel reports and bank reconciliation instantly
✅
Fully compliant, FinTech-enabled infrastructure
Get started with FedNow® Request for Payment
today at
https://www.TodayPayments.com
FedNow® RfP – Real-Time.
Rich Data. Reliable Payments.
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" with Real-Time Payments to work with Billers / Payees 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", 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 or Nickname, Alias 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) We add a URI for each separate Payer transaction. Using URI, per transaction, will identify and reconcile your Accounts Receivable.
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.
Start using our Bank Reconciliation and Aging of Request for Payments:

Dynamic integrated with FedNow & Real-Time Payments (RtP) Bank Reconciliation: Accrual / Cash / QBO - Undeposited Funds
Contact Us for Request For Payment payment processing