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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.

Real-Time Payments (RTP) like FedNow, ACH Real-Time, and other instant payment systems enable immediate, irrevocable, and secure transfers that allow funds to be available instantly in the recipient’s account. Here’s a breakdown of how these systems work and their benefits:https://

Key Features of Real-Time Paymentshttps://

  1. Instant Transferhttps://
    • Immediate Availability: Real-Time Payments ensure that funds are available in the recipient’s account within seconds. This is beneficial for both personal and business transactions, allowing the recipient to access funds without delay.https://
    • 24/7/365 Availability: Unlike traditional ACH transfers, which are often processed in batches during banking hours, Real-Time Payments operate around the clock, including weekends and holidays.https://
  2. Irrevocabilityhttps://
    • Finality of Transactions: Once a Real-Time Payment is made, it is irrevocable and cannot be reversed by the sender, which adds a layer of security for the recipient. This finality is particularly advantageous for businesses that rely on prompt and assured payments.https://
    • Reduced Risk of Fraud: Since payments cannot be pulled back once settled, recipients have peace of mind that they won’t experience chargebacks, as commonly seen with credit card transactions.https://
  3. Securityhttps://
    • End-to-End Encryption: Real-Time Payments often use advanced encryption standards and fraud detection systems to ensure transactions are secure.https://
    • Intra- and Inter-Bank Transfers: These payment systems facilitate instant account-to-account (A2A) transfers within the same bank (intra-bank) or across different banks (inter-bank), providing flexibility and wide accessibility for users.https://

Examples of Real-Time Payment Systemshttps://

  1. FedNowhttps://
    • Federal Reserve’s RTP Service: FedNow, launched by the Federal Reserve, is designed to facilitate fast and reliable interbank real-time payments across the United States.https://
    • Broad Participation: FedNow enables financial institutions of all sizes to offer real-time payment solutions, allowing consumers and businesses to receive funds instantly from any participating bank.https://
  2. ACH Real-Time (Same-Day ACH)https://
    • Near Real-Time: While not as immediate as FedNow or RTP, Same-Day ACH offers faster settlement times compared to traditional ACH, typically within the same business day.https://
    • Cost-Effective Alternative: Same-Day ACH is often less expensive than other real-time options and is particularly suitable for payroll, business-to-business (B2B) payments, and bill payments that don’t require instant finality.https://
  3. Real-Time Payments (RTP) Networkhttps://
    • Real-Time Payment Infrastructure by The Clearing House: The RTP Network allows for real-time, account-to-account transfers across participating financial institutions. It provides flexibility and immediacy similar to FedNow, making it a viable option for intra- and interbank transfers.https://

Benefits of Real-Time Paymentshttps://

  • Enhanced Cash Flow: Businesses benefit from immediate payment availability, reducing cash flow constraints and enabling better financial planning.https://
  • Increased Efficiency: For industries that require urgent payments, such as healthcare, emergency services, and e-commerce, Real-Time Payments reduce delays and processing times.https://
  • Improved Customer Experience: Instant payments provide convenience and transparency, as customers can see funds credited to their accounts in real time, improving trust and satisfaction.https://

Real-Time Payments create a more efficient, flexible, and secure banking environment, meeting the modern demand for speed and reliability in both personal and business transactions.https://

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.

Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.

Contact Us for Real-time Payments processing