Real-Time Billing for Subscription & Variable Recurring Payments via RfP™

Real-Time Billing Parameters

• Networks: FedNow® and RTP®
• Billing Types: Subscription, Fixed Recurring, Variable Recurring
• Payment Formats: A2A, B2B, C2B
• File Formats: ISO 20022 (.XML, .JSON, .XLSX)
• Settlement: Real-time (under 10 seconds)
• Availability: 24/7/365
• RfP Delivery: SMS, Email, Embedded Invoice, Mobile
• Hosted Checkout: Yes—branded, responsive, secure

Core Features and Benefits

1. Payee-Initiated RfP™ for Subscription Billing

Merchants can initiate automated payment requests tied to recurring intervals or usage-based triggers—reducing manual invoice generation and improving cash flow certainty.

2. Variable Recurring Payments with Real-Time Flexibility

Whether it's a utility bill or a cloud usage meter, merchants can dynamically generate RfP™ amounts per billing cycle—settling instantly with Good Funds.

3. Hosted Payment Pages for Every RfP™

No coding required—each RfP™ comes with a secure, branded checkout experience that works across all devices, optimized for mobile and desktop.

4. ISO 20022 Batch File Uploads for Subscription Billing

Upload Excel, XML, or JSON files to process hundreds of recurring payment requests in seconds, mapped to payer accounts with structured metadata.

5. Alias-Based MID Assignment

Assign merchant identifiers based on location, product, agent, or department—improving AR visibility and simplifying reconciliation across business units.

6. Real-Time AR Sync & Confirmation

Once a payer completes the RfP™, the system confirms receipt and updates your AR ledger instantly—eliminating lag and collections risk.

7. 24/7 Payment Rail Compatibility

Built on RTP® and FedNow®, all payments settle in real time with no bank-hour restrictions, no batch cutoffs, and no float delays.

Ask us How:

• Real-Time Billing via RfP™ allows subscription businesses to send automated, secure payment requests with dynamic billing amounts—settling instantly via RTP® or FedNow®.
• Whether billing fixed monthly amounts or metered usage, merchants can automate collections and receive Good Funds in real time without the risk of chargebacks or reversals.
• Batch upload ISO 20022-compliant files in XML, Excel, or JSON to process thousands of recurring payments at once—ideal for SaaS, healthcare, memberships, and utilities.
• Hosted payment pages included with every RfP™ link ensure customers can pay from any device, with branded checkout that requires no development or API integration.
• Every payment updates your AR instantly, enabling accurate ledger reconciliation and eliminating the guesswork from collections.
• Unlike credit cards or ACH, real-time payment rails guarantee finality and compliance—turning subscriptions into secure, scalable revenue.

Why Businesses Choose TodayPayments.com for Real-Time Subscription Billing

1. ✅ Automate subscription and usage-based billing with real-time RfPs
2. ✅ Set fixed or variable amounts using API or ISO 20022 batch uploads
3. ✅ Send hosted payment links via SMS, email, or invoice
4. ✅ Settle payments instantly with irrevocable Good Funds
5. ✅ Receive 24/7 payments with no delay or chargeback exposure
6. ✅ Reconcile payments automatically across accounting systems
7. ✅ Branded checkout without coding or IT overhead

To set up Real-Time Billing via either a Bank Bill-pay dashboard or on a Biller payment page using FedNow Service through TodayPayments.com, follow these steps:

Steps for Real-Time Billing Integration

1. Merchant Enrollment in FedNow Service

1. Register with TodayPayments.com:
   • Merchants need to sign up on TodayPayments.com and enroll in their FedNow Service.
   • Complete any necessary KYC (Know Your Customer) and compliance processes.
2. Configure FedNow Integration:
   • Set up the FedNow Service within the TodayPayments.com dashboard.
   • Ensure that the merchant's bank account is linked and ready to receive real-time payments.

2. Setting Up Real-Time Billing

Via Bank Bill-Pay Dashboard:

1. Enable Bill-Pay Option:
   • Merchants need to ensure that their biller details are registered with the customer's bank's Bill-pay service.
   • This often involves working with the bank to ensure that biller details are correctly listed and accessible to customers.
2. Customer Authorization:
   • Customers can add the merchant as a payee in their bank's Bill-pay dashboard.
   • Once set up, they can schedule real-time payments through the FedNow network.

On Biller Payment Page:

1. Integrate Payment Page:
   • Embed the TodayPayments.com payment widget or API on the merchant's payment page.
   • This widget should allow customers to enter payment details and authorize real-time payments via FedNow.
2. Real-Time Payment Execution:
   • Once a customer authorizes a payment, TodayPayments.com will process the transaction through FedNow, providing instant confirmation to both the customer and the merchant.

3. Ensuring Real-Time Confirmation

1. Instant Notifications:
   • Configure notifications within TodayPayments.com to alert both the merchant and the customer upon successful payment.
   • This can include email, SMS, or in-app notifications.
2. Payment Reconciliation:
   • Payments received via FedNow should be instantly reflected in the merchant's bank account.
   • QuickBooks can be set up to automatically reconcile these payments, ensuring accurate accounting records.

4. Security and Compliance

1. Data Encryption:
   • Ensure all payment transactions are encrypted to protect customer information.
2. Regulatory Compliance:
   • Verify that all payment processes comply with relevant financial regulations, including those set by FedNow and NACHA.

5. Customer Support and Communication

1. Customer Instructions:
   • Provide clear instructions on how customers can set up and use real-time billing via their bank's Bill-pay dashboard or the merchant’s payment page.
   • Include FAQs and troubleshooting tips on the merchant's website.
2. Support Services:
   • Offer support channels (email, phone, chat) to assist customers with any issues related to real-time payments.

Example Implementation

1. Enroll in FedNow Service:
   • Merchant signs up on TodayPayments.com and completes FedNow enrollment.
2. Configure Payment Options:
   • Set up the merchant's details in the bank's Bill-pay system.
   • Integrate the TodayPayments.com payment widget on the merchant’s payment page.
3. Enable Real-Time Billing:
   • Customers add the merchant as a payee in their bank's Bill-pay dashboard.
   • Customers use the payment widget to make real-time payments on the merchant’s site.
4. Monitor and Reconcile Payments:
   • Use TodayPayments.com dashboard for real-time notifications and payment tracking.
   • Automatically reconcile payments in QuickBooks.
5. Ensure Security:
   • Implement data encryption for all transactions.
   • Ensure compliance with financial regulations.
6. Support and Communication:
   • Provide detailed instructions and support for customers.
   • Set up automated notifications for payment confirmations.

By following these steps, merchants can set up Real-Time Billing via either Bank Bill-pay dashboards or on their payment pages, leveraging FedNow Service through TodayPayments.com to provide a seamless and efficient payment experience.

Why wait days to get paid for services delivered now?

At TodayPayments.com, we help subscription-based and usage-driven businesses send automated Request for Payment (RfP™) links for both fixed and variable recurring billing. With support for FedNow® and RTP® rails, ISO 20022 batch uploads, and hosted payment pages, you get paid instantly and securely, 24/7.

✅ Scale your subscription billing
✅ Get real-time Good Funds
✅ Eliminate chargebacks and AR delays
✅ No coding. No bank visits. All digital.

👉 Visit TodayPayments.com to launch real-time recurring billing that fits your business model.
Dynamic Billing. Instant Settlement. Complete Certainty.