No-Cost RTP® for Real-Time Payments vs. PCI Cards & State Regulations
Why Businesses Are Switching to RTP® Over PCI-Regulated Cards
The Future of Payments – RTP® vs. PCI Cards & State Regulations
Businesses today need fast, cost-effective, and regulatory-compliant payment solutions to stay competitive. Real-Time Payments (RTP®) provide an alternative to traditional PCI-regulated credit cards, offering instant transactions with zero merchant processing fees.
With Request for Payment (RfP) digital invoicing, businesses can automate B2B payments, eliminate credit card fees, and comply with state regulations on payment surcharges. RTP® ensures instant, secure transactions, reducing the complexities of ACH transfers, wire payments, and credit card processing delays.
Let’s explore why RTP® is the superior choice over PCI-regulated cards and how it benefits businesses with zero-cost instant payments and seamless invoicing.
Faster Business-to-Business (B2B) Bill Payments
No-Cost RTP® for Real-Time Payments vs. PCI Cards & State Regulations
Why Businesses Are Switching to RTP® Over PCI-Regulated Cards
As payment processing fees continue to rise, businesses must choose between high-cost, PCI-compliant credit card transactions and fee-free RTP® real-time payments. Here’s why RTP® is becoming the preferred option:
- Credit card processing fees (2.5% - 3.5%) cut into profit margins, whereas RTP® transactions have zero merchant fees.
- No need for PCI compliance, reducing costs and administrative burden.
- Instant settlements compared to multi-day credit card transactions.
- Request for Payment (RfP) digital invoicing automates and streamlines B2B transactions.
- State regulations limit credit card surcharges, but RTP® avoids these fees altogether.
Key Benefits of RTP® vs. PCI-Regulated Card Payments
✅ Zero Merchant Processing Fees – Payer Covers the Cost
- Credit card transactions force merchants to absorb costly interchange fees—RTP® payments eliminate them entirely.
- The payer absorbs transaction fees, ensuring businesses receive 100% of their invoice payments.
- Save thousands annually by avoiding credit card surcharges and processing fees.
✅ Instant Real-Time Payments with No Settlement Delays
- Credit card transactions can take days to settle, while RTP® transactions are completed instantly.
- No ACH transfer holds, wire fees, or chargeback risks.
- Faster cash flow improves financial planning and liquidity.
✅ Request for Payment (RfP) Digital Invoicing for B2B Transactions
- Automated digital invoices allow businesses to request payments instantly.
- Eliminates manual invoicing, payment follow-ups, and reconciliation errors.
- Seamless integration with accounting software like QuickBooks®, Xero, and NetSuite.
✅ No PCI Compliance Requirements
- Credit card transactions require strict PCI DSS compliance, adding costs and security risks.
- RTP® payments are encrypted and authenticated, ensuring secure transactions without the compliance burden.
- Reduces the risk of data breaches, fraud, and cardholder disputes.
✅ Avoid State Regulations on Payment Surcharges
- Many states regulate or ban credit card surcharges, making it difficult for businesses to pass processing costs to customers.
- With RTP®, there’s no need for surcharges since the payer covers the transaction fee.
- RTP® provides a legal and compliant alternative to avoid regulatory restrictions on payment fees.
✅ 24/7/365 Payment Availability – No Banking Hour Limitations
- Unlike ACH and wire transfers, RTP® operates 24/7, including weekends and holidays.
- Accept payments anytime, ensuring continuous business operations.
✅ Enhanced Security & Fraud Prevention
- End-to-end encryption and authentication secure RTP® transactions.
- Unlike credit cards, RTP® transactions cannot be reversed, reducing chargebacks and disputes.
- ISO 20022 messaging compliance enhances payment accuracy and transparency.
How RTP® Enhances Business Transactions
Faster Business-to-Business (B2B) Payments
- Pay suppliers and vendors instantly, reducing settlement time from days to seconds.
- No ACH delays, check processing hassles, or wire transfer fees.
️ Ideal for E-Commerce & Retail Businesses
- Accept real-time, fee-free payments, enhancing customer checkout experiences.
- Avoid credit card interchange fees that eat into profit margins.
Perfect for Subscription & Recurring Billing
- Automate recurring transactions using RfP digital invoicing.
- Reduce failed payments and delays from traditional bank processing cycles.
Optimized Payroll & Contractor Payments
- Pay employees, freelancers, and contractors instantly via RTP®.
- Reduce payroll costs and eliminate direct deposit fees.
Upgrade to RTP® with TodayPayments.com
Are you ready to eliminate credit card fees, bypass PCI compliance costs, and enjoy real-time instant payments? RTP® provides the perfect no-cost alternative to traditional 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 RTP® today! Get started with TodayPayments.com and start accepting free instant payments now.
Creation Request for Payment Bank File
Enhance Your No Cost FedNow 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
