Import RfP

Why ISO 20022, Excel, XML, and JSON File Uploads Matter

Standardized Messaging for Faster, Secure Interbank Settlements

Using ISO 20022, the global messaging standard for payments, ensures that your FedNow® RfP files:

• Include rich remittance data (invoice ID, notes, memo, payment terms)
• Match instantly with payees using alias identifiers
• Trigger credit payments to any U.S. bank or credit union
• Deliver real-time notifications of payment received

And with Excel, XML, and JSON file support, you don’t need complex coding or banking expertise—just upload and send. Whether it's a one-time RfP or recurring subscription billing, your customers can click, pay, and confirm instantly.

Benefits of Using TodayPayments.com for FedNow® RfP Imports

• Batch import one-time or recurring RfP files
• Use cell phone or email aliases to initiate requests—no banking info needed
• Works with all U.S. financial institutions (50 states)
• Send secure hosted payment links embedded in RfP messages
• Automate recurring invoicing for subscription or B2B contracts
• Real-time bank reconciliation reports your CFO will love
• Consolidate 100+ aliases into one platform—each with its own MID
• POS, MOTO, email, mobile, and SMS invoicing supported
• Supports high-risk and bad credit merchant onboarding
• No bank visit required—enroll and upload 24/7 online

To import a FedNow Instant and Real-Time Payments (RTP) Request for Payment (RfP) file into your business bank’s dashboard, follow these detailed steps:

1. Prepare the Request for Payment (RfP) File

• The Request for Payment (RfP) file typically follows the ISO 20022 XML format, a standard used in RTP and FedNow systems.
• Ensure your RfP file is in this format, as it's required by banks for proper payment processing.

If you're generating the RfP file from an accounting or ERP system, make sure it's properly configured to export the file in this format. If not, you may need third-party software to convert your data into the correct format.

2. Log In to Your Business Bank’s Dashboard

• Access your business bank’s online banking platform using your credentials.
• Navigate to the Payments or Cash Management section. This is where the FedNow and RTP functionalities are typically found.

3. Find the FedNow/RTP Service Section

• Look for FedNow Instant Payments, Real-Time Payments, or Instant Payments options in your dashboard. Banks might label this feature differently, but it should be related to RTP or FedNow services.
• If you cannot find it easily, consult your bank's customer support or check their user guide for detailed instructions.

4. Upload the Request for Payment (RfP) File

• In the FedNow or RTP section, there will be an option to Upload or Import a file.
  • This might be listed under headings like Import Payments, Batch Payments, or File Upload.
• Select the option and choose your RfP file in the appropriate file explorer dialogue.

5. Validate the File

• Once the file is uploaded, your bank’s system will automatically validate the file to ensure it follows the correct structure and contains accurate data.
  • The validation process will check for payment details such as amounts, payees, and dates.
• If there are any errors, the system will prompt you to correct the issues, which may involve fixing the structure or data within the file.

6. Confirm and Submit the Payment

• After validation, review the payment details to ensure accuracy.
• If everything looks correct, confirm the submission of the RfP.
• The payments will then be processed in real-time, depending on your bank’s cutoff times and processing capabilities for instant payments.

7. Review Payment Status

• After submission, you can typically track the status of the payment(s) in real-time through the bank's dashboard.
  • Statuses may include Pending, Completed, or Failed.
• You will also receive confirmation from the bank once the payments have been successfully processed.

Additional Tips:

• Bank-Specific File Formats: Each bank may have slight variations in how they handle file uploads for RTP or FedNow services. Check with your bank for any specific requirements or guides they provide.
• ISO 20022 XML Validator: Before uploading, you can use an XML validator tool to ensure that your RfP file conforms to ISO 20022 standards, reducing the chances of errors during upload.
• API Integration: Some banks offer APIs that can allow you to bypass manual file uploads and directly send payment requests from your systems to the bank.

Conclusion

By following these steps, you can successfully import a FedNow Instant and RTP Request for Payment file into your business bank's dashboard. The process involves preparing the correct file format, uploading it through your bank’s dashboard, and confirming the payment for real-time processing.

One Upload. One Platform. Unlimited Payment Certainty.

Looking to get paid faster, reduce time-to-cash, and streamline reconciliation? Start with TodayPayments.com.

✅ Import RfP files in Excel, XML, JSON
✅ Send via FedNow® & RTP® with real-time confirmation
✅ Process B2B and C2B payments instantly
✅ Eliminate manual billing delays
✅ Fully compatible with QuickBooks® Online and ISO 20022

No bank visits. No delays. No limits.
🔗 Apply now at https://www.TodayPayments.com
And get ready to experience real-time, real results with your payment processing.