Real-Time API Integration for FedNow® and RTP® Good Funds Gateway

How the Real-Time Payments API Works

1. Merchant Integration
   Businesses connect to the TodayPayments.com API using JSON/XML or plug-and-play QBO sync tools.
2. Transaction Creation
   The system creates a Request for Payment (RfP™) using ISO 20022 data elements, either manually or in batch.
3. RfP Sent to Payer
   Customers receive a secure, hosted payment link via email, SMS, or invoice.
4. Payment Authorization
   The customer authorizes the payment from their banking app, card, ACH, or BNPL provider.
5. Instant Good Funds Settlement
   Funds are delivered in real time via FedNow® or RTP®, and settlement is confirmed.
6. Ledger Update and Tracking
   Payment is reconciled automatically in the merchant’s ledger (e.g., QBO, ERP, CRM), and confirmation is sent to all parties.

Real-Time Payment Parameters, Features & SEO-Rich Benefits

Core Parameters

• Networks Supported: FedNow® and RTP®
• Integration Channel: JSON, XML, QBO, ERP APIs
• File Format Support: ISO 20022 XML, JSON, Excel
• Transaction Types: A2A, B2B, C2B – One-Time & Recurring
• Settlement Time: Real-Time (sub-10 seconds)
• Payment Triggers: POS, MOTO, Ecommerce, Subscription Billing
• Funds Status: Irrevocable Good Funds – No Chargebacks
• Ledger Integration: Auto-sync to AR/accounting systems

Key Real-Time Payment API Features

1. Payee-Initiated Request for Payments (RfPs)

Merchants send RfPs via the API, triggered by delivery, invoice generation, or billing cycles.

2. Network Compatibility

Supports all U.S. financial institutions via FedNow® and RTP®.

3. Alias-Based MID Assignment

Assign Merchant IDs to specific agents, departments, or vendors using phone numbers or email aliases.

4. Hosted Payment Pages

No coding required. Each RfP includes a secure, branded payment page optimized for mobile and desktop.

5. ISO 20022 Compliance

Upload structured remittance files using Excel, XML, or JSON with globally accepted banking standards.

6. Real-Time AR Reconciliation

Once funds arrive, AR ledgers are updated, and real-time dashboards reflect payment status automatically.

Ask us How:

• Integrate a Real-Time API for FedNow® and RTP® to send RfPs and receive Good Funds instantly for POS, MOTO, or ecommerce transactions.
• TodayPayments.com’s real-time payment gateway supports ISO 20022 message formats and enables merchants to upload batch files in Excel, XML, or JSON.
• Each Request for Payment (RfP™) includes a hosted payment page, allowing payers to authorize transactions through mobile banking apps, ACH, cards, or BNPL providers.
• The Good Funds model ensures that merchants receive final, irrevocable payment instantly—eliminating chargebacks and delayed settlements.
• With support for alias-based MIDs, multi-division companies can track payments by team, service, or client, while reconciling data into QBO or ERP platforms in real time.
• Recurring subscription payments, mobile delivery collections, and digital invoicing are all supported by our API-first real-time platform.
• Unlike traditional ACH and wire, RTP® and FedNow® offer always-on availability—ideal for 24/7 operations.

Why Businesses Choose TodayPayments.com for Real-Time Payments API

1. Enable payee-initiated RfPs using ISO 20022
2. Integrate with FedNow® and RTP® for Good Funds in real time
3. Send SMS, email, or invoice-triggered hosted payment pages
4. Upload batch files in Excel, JSON, or XML for recurring payments
5. Assign alias-based MIDs for better organizational tracking
6. Eliminate chargebacks and AR aging with real-time reconciliation
7. Onboard entirely online—no bank visit or hardware required

Implementing interoperability between FedNow, RTP (Real-Time Payments), and various payment channels like digital POS, E-commerce, and MOTO (Mail Order/Telephone Order) through Real-TimePayments.com can greatly enhance the efficiency and responsiveness of payment systems. Utilizing the Real-Time API provided by Real-TimePayments.com, businesses can ensure seamless transaction processing across different platforms. Here's how this can be achieved:

Overview of the Integration Process

1. API Integration: The first step is integrating the Real-Time API from Real-TimePayments.com into the existing payment systems of the business. This API will facilitate the connection between the merchant's platforms (POS, E-commerce, MOTO) and the RTP and FedNow networks.
2. Interoperability Setup: Ensure that the API is capable of handling multiple payment protocols (FedNow and RTP) and can seamlessly switch or choose between them based on the transaction requirements and network availability.
3. Security Measures: Implement robust security measures to protect transaction data and comply with financial regulations. This includes encryption, secure authentication, and continuous monitoring of transactions.

Application Across Various Channels

• Digital POS: For point-of-sale systems in physical stores or at events, the Real-Time API can enable immediate payment processing. This setup reduces wait times for customers and improves the transaction flow, enhancing customer satisfaction.
• E-commerce: Integrate the Real-Time API into the checkout processes of online stores. This allows customers to make instant payments using their preferred bank accounts, connected via FedNow or RTP, providing a frictionless shopping experience.
• MOTO: For sales conducted over the phone or by mail, the API can process payments immediately as orders are taken. This capability is especially valuable for businesses that deal with high call volumes or remote sales, as it ensures quick and secure transaction processing.

Technical Considerations

1. Multi-Protocol Support: The API should be designed to handle different types of payment protocols, ensuring compatibility with both FedNow and RTP. This includes handling unique aspects of each protocol, such as message formats and response handling.
2. Transaction Monitoring and Reporting: Implement real-time monitoring and reporting capabilities to track every transaction processed through the API. This helps in quickly resolving any issues and provides valuable data for improving service performance.
3. Scalability and Performance: Ensure that the API and its implementation are scalable to handle increasing volumes of transactions, especially during peak times for E-commerce and POS transactions.
4. Compliance and Regulatory Adherence: Regularly update the system to comply with the latest financial regulations and standards, including those specific to RTP and FedNow networks. This includes privacy regulations concerning customer data.

Benefits of Using Real-TimePayments.com API

• Speed and Reliability: Transactions are processed in real-time, which is crucial for maintaining cash flow and customer trust.
• Reduced Costs: By using direct bank transfers through RTP and FedNow, merchants can avoid the higher fees associated with traditional credit card networks.
• Enhanced Customer Experience: Providing customers with quick and easy payment options can lead to increased satisfaction and loyalty.

Want to automate payments and get paid in real time—without chargebacks, delays, or manual reconciliation?

At TodayPayments.com, we help merchants, platforms, and enterprises activate a Real-Time API for FedNow® and RTP®, enabling secure, programmable access to Good Funds with ISO 20022 support and hosted RfP™ pages.

✅ One-time and recurring real-time payments
✅ Full ISO 20022 batching support
✅ Works with POS, MOTO, ecommerce, and apps
✅ Syncs with QBO, ERP, and mobile platforms
✅ API-first infrastructure for scalability

👉 Visit TodayPayments.com to launch your Good Funds Gateway API for real-time payments today.
Send. Settle. Sync. Secure. In Seconds.