No-Cost FedNow® for Instant Real-Time Payments vs. PCI Cards & State Regulations
Revolutionizing FedNow® Enhances Business Operations
The Next Evolution of Payments – FedNow® vs.
Traditional PCI Cards
As businesses shift towards faster, more
cost-efficient digital payments, the FedNow® Service
emerges as a game-changer in real-time transactions. Unlike
credit cards that require PCI compliance and incur high
interchange fees, FedNow® delivers instant payments with zero
merchant processing costs through a payer-pays-the-fee model.
With Request for Payment (RfP) digital invoicing, businesses can automate B2B transactions, eliminate credit card fees, and ensure compliance with state regulations. Whether you’re navigating instant payment surcharges or looking for an alternative to traditional card payments, FedNow® provides a secure, low-cost, and real-time solution.
Let’s explore why FedNow® is the future of real-time payments compared to PCI-regulated cards and how your business can benefit from zero-cost instant transactions.
Request for Payment (RfP) Digital Invoicing for B2B Transactions
No-Cost FedNow® for Instant Real-Time Payments vs. PCI Cards & State Regulations
Why FedNow® Is Superior to PCI-Regulated Credit Cards
The payments landscape is rapidly evolving, and businesses must choose between high-fee, PCI-compliant credit card transactions and fee-free real-time FedNow® payments. Here’s why more businesses are making the switch:
- Credit cards come with hefty processing fees (2.5% - 3.5%), while FedNow® transactions have zero merchant fees.
- FedNow® ensures instant, secure payments—no waiting for settlements.
- No PCI compliance requirements, reducing business costs and regulatory headaches.
- Request for Payment (RfP) invoicing allows for automated, real-time B2B transactions.
Key Benefits of FedNow® vs. PCI-Regulated Card Payments
✅ Zero Merchant Processing Fees – Payer Covers the Cost
- Credit card processing fees cut into profit margins—FedNow® payments eliminate them entirely.
- The payer covers transaction fees, ensuring businesses receive 100% of their invoice payments.
- Businesses can pass savings on to customers or reduce product/service costs.
✅ Instant Real-Time Payments with No Delays
- Credit card settlements can take 2-3 days, while FedNow® deposits funds instantly.
- No ACH transfer delays, wire transfer fees, or chargebacks.
- Faster cash flow helps businesses maintain financial stability and predictability.
✅ Request for Payment (RfP) Digital Invoicing for B2B Transactions
- Automate invoicing and eliminate manual payment requests.
- Businesses can send real-time invoices through RfP, ensuring immediate payments.
- Seamless integration with accounting platforms like QuickBooks® for easier reconciliation.
✅ No PCI Compliance Requirements
- Avoid complex PCI DSS security regulations required for credit card processing.
- Reduce compliance costs and minimize security risks associated with handling card data.
- FedNow® transactions are encrypted and authenticated, ensuring high security without extra costs.
✅ State Regulations & Instant Payment Surcharges
- Many states have strict regulations on credit card surcharges, requiring businesses to absorb costs.
- FedNow® eliminates the need for surcharges—since the payer covers transaction fees, businesses avoid regulatory issues.
- Businesses operating in states with strict card fee laws (e.g., California, New York, Texas) can legally collect payments at no additional cost.
✅ 24/7/365 Availability – No Banking Hours Restrictions
- Unlike ACH and wire transfers, which depend on banking hours, FedNow® operates 24/7.
- Accept payments anytime, including weekends and holidays.
- Businesses stay operational without payment processing delays.
✅ Enhanced Security & Fraud Prevention
- End-to-end encryption and authentication ensure secure payments.
- Unlike credit card payments, FedNow® transactions are irreversible, reducing fraud risks.
- ISO 20022 messaging standard enhances transaction transparency and prevents errors.
How FedNow® Enhances Business Operations
🎯 Faster Business-to-Business (B2B) Payments
- Instantly pay suppliers, vendors, and service providers with real-time settlements.
- Eliminate paper checks, ACH delays, and wire transfer fees.
🛍️ Ideal for E-Commerce & Retailers
- Accept instant, fee-free payments, improving customer checkout experiences.
- Avoid high credit card interchange fees that eat into profit margins.
📈 Perfect for Subscription & Recurring Billing
- Automate recurring payments with Request for Payment (RfP) digital invoicing.
- Reduce failed transactions and payment delays from bank processing times.
🏦 Streamlined Payroll & Contractor Payments
- Pay employees, freelancers, and gig workers instantly via FedNow®.
- Reduce payroll processing fees and ensure timely wage payments.
Upgrade to FedNow® with TodayPayments.com
Are you ready to eliminate credit card fees, avoid PCI compliance hassles, and enjoy instant real-time payments? FedNow® provides the perfect no-cost alternative to PCI-regulated card transactions, offering:
🚀 Zero transaction
fees – the payer covers costs
🚀
Instant payments with real-time settlements
🚀
Automated invoicing with Request for Payment (RfP)
🚀 No PCI compliance headaches or credit
card surcharge issues
Switch to FedNow® today! Get started with TodayPayments.com and start accepting free instant payments now.
Creation Request for Payment Bank File
Enhance Your No Cost FedNow Payment 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 Instant 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 No Cost FedNow payment processing pricing
