What is RTP® Real-Time Payment & Alias-Based Transfers?
Instant A2A Transfers Without Traditional Banking Details
Facilitation for RTP® Real-Time Payment – Instantly Send & Receive Alias-Based Payments
The Future of Instant, Recurring & Batch Payments Without Banks
For decades, making payments required bank visits, slow processing times, and expensive fees. Traditional money service providers and banks make payments complex, costly, and inefficient.
With RTP® (Real-Time Payments), users can send and receive funds instantly using alias-based identifiers such as:
✅ Cell Phone Numbers – Send
and receive payments without sharing account details
✅
Email Addresses – Secure, fast, and convenient alias-based
transactions
✅ Monikers & Nicknames – Custom
identifiers to protect privacy
Additionally, RTP® supports one-time and recurring batch payments, making it ideal for businesses, freelancers, payroll services, and supplier settlements. By leveraging ISO 20022 pain.001 messaging, transactions are secure, automated, and efficiently processed in real time.
With TodayPayments, a premier RTP® processor, individuals and businesses can send and receive payments instantly without needing a bank or money center.
RTP® vs. Legacy Money Service Providers
RTP® allows users to send and receive payments without requiring full bank account details. Instead, transactions can be processed using:
✔ Cell Phone Numbers –
Directly link payments to mobile numbers
✔
Email Addresses – Secure alias-based transactions for added
convenience
✔ Monikers & Nicknames – Custom
identifiers for enhanced privacy
ISO 20022 pain.001: The Standard for One-Time & Recurring Batch Payments
ISO 20022 pain.001 is an internationally recognized payment messaging format ensuring:
✔ Automated & Secure Payment
Processing – Fast, structured transactions
✔
Batch Payment Capability – One-time and recurring variable
batch disbursements
✔ Fraud Protection & Secure
Messaging – Reduces financial risk
✔
Seamless Financial Integration – Compatible with multiple
banking networks
By implementing ISO 20022 messaging, TodayPayments ensures every transaction is structured, trackable, and efficiently processed.
Ask us how:
"Facilitating RTP® Real-Time Payments with
alias-based transactions"
"How to send RTP® instant
payments using a phone number or email"
"ISO 20022
pain.001 messaging for secure A2A credit transfers and batch
payments"
"Compare RTP® with legacy money services"
"Alias-based real-time transactions and
recurring payments using RTP® for B2B, C2B, B2C, and C2C"
Why RTP® Outperforms Traditional Money Transfer Services
Legacy money service providers rely on outdated financial networks, manual batch processing, and excessive fees.
|
Feature |
RTP® Real-Time Payments |
Legacy Money Services |
|
Alias-Based Payments |
Yes (Phone, Email, Moniker) |
No (Requires Full Banking Details) |
|
Transaction Speed |
Instant, 24/7/365 |
1-5 Days (ACH, Wire Delays) |
|
One-Time & Recurring Batch Payments |
Yes (Automated via ISO 20022) |
No (Manual Processing & Delays) |
|
ISO 20022 pain.001 Messaging |
Yes (Structured, Automated, Secure) |
No (Limited Tracking & Manual Reconciliation) |
|
Transaction Fees |
Lower, Transparent |
Higher, Hidden Fees |
|
No Bank Visit Required |
Yes (Online Transactions Only) |
No (Requires Physical Bank Visit) |
|
Security & Privacy |
High (Alias-Based & Encrypted Transactions) |
Low (Full Account Details Required) |
Why Businesses & Consumers are Switching
to RTP® Money Services:
✔ No banking delays
– Payments are processed in real time
✔ No
excessive fees – Transparent pricing
✔ No
manual errors – Automated batch payments ensure accuracy
How RTP® Works for B2B, B2C, C2B & C2C Transactions
Instant, Alias-Based, & Recurring Transactions for Every Industry
RTP® empowers businesses and individuals with faster, secure, and structured payments, eliminating delays and manual processes.
B2B Transactions:
Automate vendor payments, supplier invoices, and bulk payroll
B2C Transactions: Process instant refunds,
customer payouts, and e-commerce payments
C2B Transactions: Customers can pay businesses without sharing
sensitive banking details
C2C Transactions:
Peer-to-peer transfers using phone numbers, emails, or monikers
How It Works:
✔
Step 1: The payer enters the recipient’s alias (phone
number, email, or moniker)
✔ Step 2:
The ISO 20022 pain.001 message is securely processed in
real-time
✔ Step 3: The recipient’s
institution identifies the alias and deposits funds instantly
✔ Step 4: Transaction confirmation is sent,
and funds are available immediately
For businesses, RTP® enables:
✔ One-time bulk disbursements – Great for
payroll, invoices, and refunds
✔ Recurring
automated payments – Set up supplier or payroll cycles with
real-time execution
✔ On-demand fund transfers
– Move money anytime with zero delays
Security & Compliance with ISO 20022 Messaging
How RTP® Ensures Secure & Automated Transactions
Unlike traditional money service providers, RTP® transactions are designed for efficiency, security, and compliance.
✔ Automated Payment
Reconciliation – Reduces manual errors and inefficiencies
✔ Encrypted End-to-End Transactions – Protects
against fraud and cyber threats
✔ Regulatory
Compliance – Meets global payment security standards
✔ Irreversible Transactions – Eliminates fraud risks
and chargebacks
With TodayPayments, businesses and individuals benefit from real-time, structured, and highly secure financial transactions—without the need for banks or middlemen.
Accept RTP® Alias-Based & Batch Payments with TodayPayments
Traditional money service providers are slow, expensive, and outdated. RTP® offers an instant, automated, and cost-effective solution for both businesses and consumers.
With
TodayPayments, a premier RTP® processor, you can:
✔ Enable instant A2A payments using alias-based
identification
✔ Automate one-time and recurring
batch payments for payroll, invoicing, and supplier settlements
✔ Process payments securely without requiring
traditional banking details
✔ Reduce fees and
eliminate costly chargebacks
✔ Offer 24/7
real-time payments with structured ISO 20022 messaging
Upgrade to the future of real-time payments—switch to RTP® today!
Creation Request for Payment Bank File
Enhance Your FedNow Real Time Payments using Real-Time Payments Requests with FedNow’s ISO 20022 Messaging
Streamline Payments with Advanced Request for Payment Options:
Harness the power of FedNow's Request for Payment system to transform how you manage invoices and remittances. Our platform supports diverse data integration options, allowing payees to incorporate detailed invoice data directly within the RfP message or link to a comprehensive Merchant Page.
Flexible Invoice Details with ISO 20022 Messaging:
Leverage the flexibility of ISO 20022 messaging standards in our RfP system. You can choose to display crucial payment details directly in the message with a concise 140-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website or TodayPayments.com/HostedPaymentPage.html through our seamless integration solution.
Customizable Merchant Pages for Enhanced Customer Experience:
Create a Merchant Page that not only details all the MIDs you own but also presents these options attractively to your customers through the RfP. This customization ensures that whether your payer opts for Real-Time Payment, Same-Day ACH, or Card transactions, they can easily navigate and complete their payments through a simple click on the hyperlink provided on your Merchant Page.
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 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.
Contact Us for Request For Payment payment processing
