What is RTP® Service Provider & Alias-Based Transfers?
Instant A2A Transfers Without Traditional Bank Details
Facilitation for RTP® Service Provider –
Instantly Send & Receive Alias-Based Payments
The Future of Instant Business & Consumer
Payments
Traditional banking and money transfer services
are slow, costly, and outdated. Legacy financial institutions and money service providers impose high fees, long
processing times, and unnecessary in-person verification steps.
Now, RTP® (Real-Time
Payments) Service Providers enable instant transactions
using alias-based identifiers such as:
✅ Cell Phone Numbers – No
need for full bank details; pay and get paid using mobile numbers
✅ Email Addresses – Quick, secure, and
alias-based transactions
✅ Monikers & Nicknames
– Maintain privacy while ensuring smooth payment processing
Additionally, RTP® supports one-time and
recurring batch payments, making it ideal for businesses handling
payroll, supplier payments, invoicing, and customer transactions.
Powered by ISO 20022 pain.001 messaging, RTP® ensures secure,
automated, and real-time transaction processing.
With TodayPayments, a premier RTP® processor,
businesses and individuals can seamlessly send and receive payments
without requiring a bank visit or traditional financial
infrastructure.
RTP® vs. Legacy Money Service Providers
RTP® allows users to facilitate payments
instantly using alias-based identification, removing the need for
complex banking details.
✔ Cell Phone Numbers –
Transactions linked to mobile numbers
✔ Email
Addresses – Secure alias-based transactions for convenience
✔ Monikers & Nicknames – Unique identifiers
ensuring data protection
ISO 20022 pain.001: The Secure Standard
for One-Time & Recurring Batch Payments
ISO 20022 pain.001 is a globally accepted
structured payment messaging format that ensures:
✔ Automated & Secure Payment
Processing – Eliminates manual errors
✔
Batch Payment Capability – Process multiple transactions
efficiently
✔ Enhanced Fraud Protection –
Encrypted data for secure payments
✔ Seamless
Integration with Banks & Businesses – Works across financial
institutions
With TodayPayments leveraging ISO 20022
messaging, every transaction is structured, trackable, and secure.
RTP® vs. Legacy Money Service Providers
How RTP® Outperforms Traditional Money
Transfer Services
Legacy money transfer services and
banks operate on slow and expensive payment networks.
|
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 (Automated, Secure, Traceable) |
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® Service Provider Solutions:
✔ No delays – Transactions process in real
time
✔ No hidden fees – Transparent and
cost-efficient transactions
✔ No manual errors
– Automated batch processing ensures accuracy
How RTP® Works for B2B, B2C, C2B & C2C
Transactions
Instant, Alias-Based, & Recurring
Transactions for Every Industry
RTP® enhances business and individual
transactions by providing fast, structured, and bank-independent
financial services.
B2B Transactions:
Automate supplier payments, invoicing, and payroll disbursements
B2C Transactions: Enable instant refunds,
customer payouts, and digital commerce transactions
C2B Transactions: Allow customers to make payments via
mobile, email, or alias-based requests
C2C
Transactions: Secure peer-to-peer transfers using monikers,
phone numbers, or emails
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 bank identifies the alias and
deposits funds instantly
✔ Step 4:
Transaction confirmation is sent, and funds are available
immediately
For businesses, RTP® supports:
✔ MOTO (Mail Order / Telephone Order) transactions
✔ POS (Point-of-Sale) payments for in-person
transactions
✔ Mobile RfP (Request-for-Payment)
for real-time invoicing
✔ Invoicing via email or
text with .html links embedded
Security & Compliance with ISO 20022
Messaging
How RTP® Ensures Secure & Automated
Payments
Unlike traditional money service providers,
RTP® transactions are encrypted, structured, and compliant.
✔ Automated Payment
Reconciliation – Eliminates human errors
✔
End-to-End Encryption – Protects transactions from fraud and
cyber threats
✔ Regulatory Compliance –
Adheres to financial security standards
✔ Final
& Irreversible Transactions – Reduces chargeback risks
With TodayPayments, "we are not a bank" businesses and
individuals benefit from real-time, structured, and
fraud-resistant financial transactions.
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"
"MOTO, POS, Mobile RfP & invoicing via email or
text using RTP®"
Accept RTP® Alias-Based & Batch
Payments with TodayPayments
Legacy money service providers and
banks are outdated. RTP® provides a faster, more efficient, and
cost-effective solution.
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 transactions
✔ Accept payments via MOTO, POS, Mobile RfP, or
email/text with .html links
✔ 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 Service Provider 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
