
Real-Time Bill Payments
What is Real-Time Bill Payments
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, Real-Time Bill Payments 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.
Integrating Real-Time Bill Payments with
both digital and paper invoicing provides numerous benefits and
features for payees and merchants. Here’s an overview of how to
implement this using FedNow Service through SecureQBPlugin.com with
QuickBooks Online (QBO) and QuickBooks Enterprise, along with the
benefits and features:
Integration Steps
1. Merchant Enrollment in FedNow
Service
- Register with
SecureQBPlugin.com:
- Sign up on SecureQBPlugin.com
and enroll in their FedNow Service.
- Complete any necessary KYC
(Know Your Customer) and compliance processes.
- Sign up on SecureQBPlugin.com
and enroll in their FedNow Service.
- Configure FedNow Integration:
- Set up the FedNow Service
within the SecureQBPlugin.com dashboard.
- Link the merchant's bank
account to receive real-time payments.
- Set up the FedNow Service
within the SecureQBPlugin.com dashboard.
2. Setting Up Real-Time Payment for
Digital and Paper Invoicing
Digital Invoicing:
- Integrate Invoicing Software:
- Ensure your digital invoicing
system (such as QuickBooks Online or QuickBooks
Enterprise) is integrated with SecureQBPlugin.com.
- Use SecureQBPlugin.com's API
to add FedNow as a payment option on digital invoices.
- Ensure your digital invoicing
system (such as QuickBooks Online or QuickBooks
Enterprise) is integrated with SecureQBPlugin.com.
- Send Digital Invoices:
- Generate and send digital
invoices through your invoicing software.
- Include a payment link that
directs customers to a SecureQBPlugin.com payment page to
complete the transaction using FedNow.
- Generate and send digital
invoices through your invoicing software.
Paper Invoicing:
- Include Payment Instructions:
- Print payment instructions on
paper invoices that guide customers on how to make
real-time payments.
- Provide a URL or QR code that
directs customers to the SecureQBPlugin.com payment page.
- Print payment instructions on
paper invoices that guide customers on how to make
real-time payments.
- Accept Real-Time Payments:
- Customers can visit the
provided URL or scan the QR code to access the payment
page.
- SecureQBPlugin.com processes
the transaction through FedNow, ensuring immediate
confirmation and settlement.
- Customers can visit the
provided URL or scan the QR code to access the payment
page.
Benefits and Features for
Payees/Merchants
1. Speed and Efficiency:
- Instant Payment Processing:
Real-time transactions ensure that payments are processed
instantly, improving cash flow.
- Reduced Payment Delays:
Eliminates the waiting period associated with traditional
payment methods.
2. Enhanced Security:
- Data Encryption:
Secure payment channels reduce the risk of fraud.
- Compliance:
Ensures compliance with financial regulations, protecting both
the merchant and the customer.
3. Improved Customer Experience:
- Convenience:
Offers customers a quick and convenient payment method.
- Instant Confirmation:
Customers receive immediate payment confirmation, enhancing
their experience.
4. Financial Management:
- Automatic Reconciliation:
Payments are automatically reconciled in QuickBooks, reducing
manual effort and errors.
- Real-Time Cash Flow:
Provides up-to-date cash flow information, aiding in better
financial planning and management.
5. Versatility:
- Multiple Invoicing Methods:
Supports both digital and paper invoicing, providing
flexibility to merchants to cater to different customer
preferences.
- Seamless Integration:
Easily integrates with existing systems and QuickBooks for a
streamlined payment process.
6. Cost Savings:
- Lower Transaction Fees:
Potentially lower fees compared to credit card transactions.
- Reduced Administrative Costs:
Automation reduces the time and cost associated with manual
payment processing.
7. Competitive Advantage:
- Modern Payment Options:
Offering real-time payments can attract tech-savvy customers
and set the business apart from competitors.
- Enhanced Merchant Reputation:
Providing cutting-edge payment solutions can enhance the
merchant’s reputation and customer trust.
Example Implementation
- Enroll in FedNow Service:
- Merchant signs up on
SecureQBPlugin.com and completes FedNow enrollment.
- Merchant signs up on
SecureQBPlugin.com and completes FedNow enrollment.
- Integrate Digital Invoicing:
- Use SecureQBPlugin.com’s API
to integrate with QuickBooks Online or QuickBooks
Enterprise.
- Add FedNow as a payment option
on digital invoices.
- Use SecureQBPlugin.com’s API
to integrate with QuickBooks Online or QuickBooks
Enterprise.
- Configure Paper Invoicing:
- Print payment instructions,
including a URL or QR code for real-time payment, on paper
invoices.
- Print payment instructions,
including a URL or QR code for real-time payment, on paper
invoices.
- Enable Real-Time Payments:
- Customers can pay using the
digital invoice link or by visiting/scanning the URL/QR
code on paper invoices.
- SecureQBPlugin.com processes
the payments through FedNow.
- Customers can pay using the
digital invoice link or by visiting/scanning the URL/QR
code on paper invoices.
- Monitor and Reconcile Payments:
- Use SecureQBPlugin.com
dashboard for real-time notifications and payment
tracking.
- Automatically reconcile
payments in QuickBooks.
- Use SecureQBPlugin.com
dashboard for real-time notifications and payment
tracking.
- Ensure Security:
- Implement data encryption for
all transactions.
- Ensure compliance with
financial regulations.
- Implement data encryption for
all transactions.
- Support and Communication:
- Provide detailed instructions
and support for customers.
- Set up automated notifications
for payment confirmations.
- Provide detailed instructions
and support for customers.
By integrating Real-Time Bill Payments
with digital and paper invoicing through SecureQBPlugin.com,
merchants can enjoy numerous benefits, including improved cash
flow, enhanced security, and better customer satisfaction.
Features & Benefits
FedNow instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $500,000.
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.
... 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 .csv or .xml data for completed ISO 20022 file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support
2) We create .csv or .xml formatting files using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.
Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods 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) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Real-Time Bill Payments system.
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.
Contact Us for Real-time Payments processing