Streamline Internal & External Transactions with FedNow® Business Account

Seamless Fund Transfers Within and Outside Your Business

FedNow® Business: The Future of Instant B2B Payments

What is FedNow® for Business?

FedNow® Business is a real-time payment service designed to help businesses send and receive instant payments 24/7/365. Developed by the Federal Reserve, FedNow® eliminates settlement delays, offering businesses immediate access to funds, improved cash flow, and secure, cost-effective transactions.

Unlike ACH transfers, wire payments, or checks, which take hours or days, FedNow® settles payments within seconds, allowing businesses to manage financial operations efficiently and enhance customer and vendor relationships.

Benefits of FedNow® Business Payments

✅ 1. Instant, 24/7 Payment Processing

Send Request FedNowNo waiting for bank hours—process payments anytime, even on weekends and holidays.

Send Request FedNowBusinesses receive funds immediately, eliminating cash flow gaps.

✅ 2. Improved Cash Flow & Liquidity

Send Request FedNowFaster receivables mean businesses have access to cash instantly.

Send Request FedNowReduces reliance on credit lines, short-term loans, or delayed invoice payments.

✅ 3. Lower Transaction Costs

Send Request FedNowFedNow® is more cost-effective than wire transfers, which have higher fees.

Send Request FedNowAvoid ACH batch processing fees and eliminate check processing costs.

✅ 4. Secure & Fraud-Proof Transactions

Send Request FedNowFinal and irreversible payments—no chargebacks or payment reversals.

Send Request FedNowAdvanced security measures protect businesses from fraud and unauthorized transactions.

✅ 5. Stronger Vendor & Supplier Relationships

Send Request FedNowFaster payments improve trust, allowing businesses to negotiate better terms.

Send Request FedNowNo more delayed invoice payments or penalties due to slow bank processing.

How FedNow® Works for Business Payments

1️ A business initiates a payment request via the FedNow® network.
2️ Funds are transferred instantly to the recipient’s bank account.
3️ Both parties receive immediate confirmation of the completed transaction.
4️ The payment is final, ensuring no reversals or delays.

Unlike traditional ACH transfers that take days or wire transfers that operate on limited hours, FedNow® provides businesses with a seamless, real-time payment experience.

FedNow® Business Use Cases

💼 Vendor & Supplier Payments – Pay vendors instantly to secure better terms.
💰 Payroll & Contractor Payments – Pay employees and freelancers on demand.
🏢 Intercompany Transfers – Move funds across business accounts without delays.
⚡ E-commerce & B2B Payments – Enable real-time checkout transactions.
📈 Utility & Tax Payments – Settle government, supplier, and utility bills instantly.

FedNow® vs. Traditional Business Payment Methods

Feature	FedNow® Business Payments	ACH Transfers	Wire Transfers	Checks
Speed	Instant (seconds)	1–3 business days	Same-day (with cutoffs)	3–7 business days
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than wires & ACH	Low, but slower	High	High (processing, mailing, and delays)
Settlement Finality	Immediate & irreversible	Can be reversed	Final	Can be lost or delayed
Best For	B2B payments, payroll, e-commerce, supplier payments	Recurring batch payments	Large, one-time international transactions	Legacy payments

How to Get Started with FedNow® Business Payments

🔹 Check with Your Bank – Ensure your financial institution supports FedNow® for business transactions.
🔹 Set Up Business Banking for FedNow® – Open an account that enables real-time payments.
🔹 Integrate FedNow® with Accounting & ERP Systems – Platforms like QuickBooks®, NetSuite, and SAP can streamline payment processing.
🔹 Train Your Finance Team – Educate employees on using FedNow® for faster, more efficient payments.

 Future-proof your business finances with FedNow®! Contact your bank today to enable real-time B2B transactions and boost operational efficiency.

Creation Request for Payment Bank File

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.