Recurring Instant Payment Using Real-Time Payments with RfP™ and Alias Invoicing

To modernize recurring payment collection by enabling secure, alias-based Request for Payment (RfP™) automation across mobile, email, SMS, and QR code channels, powered by FedNow® and RTP® real-time rails—delivering good funds instantly with "set it and forget it" authorization for both consumers and businesses.

TodayPayments.com simplifies recurring billing and payment collections using FedNow® and RTP® real-time payment systems, combined with Request for Payment (RfP™) technology and alias-based identity (mobile, email). Our platform gives payers the convenience of “Set It and Forget It” autopay options and gives merchants instant, irrevocable access to good funds. Whether you’re a B2B subscription provider, a utility company, or a SaaS platform—our recurring instant payments engine eliminates late payments, manual approvals, and outdated billing systems.

 

What is Recurring Instant Payment

In the world of billing and subscriptions, timing is everything. Delays, declined payments, and forgotten invoices can all disrupt business cash flow. But with FedNow® and RTP®, paired with alias-based Request for Payment (RfP™) and recurring authorization logic, businesses can now collect real-time, recurring payments instantly—with no payer interaction required for each bill.

This “set it and forget it” approach enables C2B and B2B customers to pre-authorize future bill payments, while merchants collect good funds automatically, securely, and instantly.

How RfP™ Enables Instant Autopay with Real-Time Payment Rails

Alias-Based Invoicing: Secure, Smart, and Frictionless

Each Request for Payment (RfP™) can be sent using an alias, such as a:

  • Mobile Phone Number
  • Email Address
  • QR Code (QRC)
  • Customer ID

No routing or account number is required. The payer receives the request via SMS, email, or mobile interface, and is directed to a Hosted Payments Page, where they can pay using:

  • FedNow®
  • RTP®
  • ACH
  • BNPL
  • Credit/Debit Cards

Set-It-and-Forget-It Autopay: Standing Approval for Recurring RfPs

Recurring real-time payments using FedNow®/RTP® debit rails can be pre-authorized once by the payer. This “standing approval” gives the payer’s financial institution permission to honor future RfPs automatically, eliminating the need to review each request.

  • Merchants get on-time payments every cycle
  • Payers enjoy hassle-free autopay with certainty
  • All payments are irrevocable and instantly usable by the payee

Itemized RfP™ Parameters, Attributes, Benefits, and Features

Parameters

Parameter

Description

Transaction Types

C2B, B2B, A2A

Payment Mode

Real-Time Debit via FedNow® / RTP®

Approval Mechanism

Standing Payer Authorization for Autopay

Delivery Channels

Mobile, Email, Text, QR Code

Alias Format

Email, Mobile Number, Customer Token

Settlement Speed

Instant (under 15 seconds), 24/7/365

File Formats

ISO 20022, JSON, XML, Excel

Attributes

  • Good Funds Guarantee: Funds are cleared, usable, and non-reversible
  • Mobile-First Design: All invoices and RfPs are optimized for smartphones
  • Alias Tokenization: Secure, reusable identity management without account/routing exposure
  • Recurring Billing Logic: Variable or fixed billing cycles supported
  • Hosted Payments Page: Branded interface where payers confirm or auto-approve RfPs

Benefits

  • Faster Cash Flow: Eliminate delays with real-time fund availability
  • Customer Convenience: Pre-authorized autopay simplifies ongoing billing
  • Reduced Churn: No risk of missed bills or failed manual payments
  • Lower Processing Costs: Avoid card fees with FedNow®/RTP® A2A payment rails
  • Fewer Exceptions: No reversals, declines, or chargebacks
  • Instant Confirmation: Automated reconciliation with rich ISO 20022 metadata

Features

  • Autopay configuration dashboard with recurring logic
  • API support for ERP, CRM, and accounting systems
  • Instant RfP™ status tracking with success/failure alerts
  • Variable recurring billing with smart scheduling
  • QR Code and mobile text-based invoice delivery
  • Export-friendly formats (JSON, XML, Excel) for reporting

Use Cases for Real-Time Recurring Payments

  • Subscription SaaS Platforms: Recurring software fees paid on time, every time
  • Utilities & Telecom: Monthly bills collected via recurring FedNow®/RTP® debit
  • Healthcare Billing: Scheduled co-pays, treatment plans, or balance payments
  • Delivery & Field Services: Auto-bill recurring site visits or service contracts
  • B2B Contracts: Enterprise vendor payments scheduled via secure alias-based RfP™
  • Ecommerce Memberships: Auto-renewals with pre-authorized A2A transactions

Implementing recurring instant payments with acknowledgment from payee to payer in both RTP (Real-Time Payments) and FedNow systems involves several key steps and considerations:

1.     Understanding RTP and FedNow: RTP is a real-time payment network operated by The Clearing House (TCH), allowing instant payments between participating financial institutions. FedNow is a similar system operated by the Federal Reserve, offering real-time payment services.

2.     Recurring Payment Setup: The payer (the one making the payment) needs to set up recurring payments with their bank or financial institution. This involves specifying the payee (recipient), payment amount, frequency, and duration of the recurring payments.

3.     Acknowledgment Mechanism: An acknowledgment mechanism needs to be established to ensure that the payee confirms receipt of each payment to the payer. This acknowledgment could be in the form of a notification, message, or confirmation initiated by the payee's bank upon receiving the payment.

4.     Integration with RTP and FedNow: The payer's bank or financial institution must integrate with both the RTP and FedNow systems to facilitate instant payments. This integration enables the bank to initiate and process payments in real-time through these networks.

5.     Payment Routing: Once the payer initiates a recurring payment, the payment instruction is routed through either the RTP or FedNow network, depending on the infrastructure used by the payer's bank. The payment is then transmitted to the payee's bank for processing.

6.     Acknowledgment Handling: Upon receiving each payment, the payee's bank must ensure that the payee acknowledges receipt. This acknowledgment is then communicated back to the payer's bank, confirming successful delivery of the payment.

7.     Exception Handling: In case an acknowledgment is not received within a specified timeframe or if there are any issues with the payment, appropriate error handling mechanisms should be in place to address these exceptions. This may involve retrying the payment, notifying the payer, or investigating the cause of the failure.

8.     Regulatory Compliance and Security: Ensure compliance with regulatory requirements and implement robust security measures to protect sensitive payment information and prevent fraud or unauthorized access.

By following these steps and considerations, financial institutions can implement recurring instant payments with acknowledgment from payee to payer in both RTP and FedNow systems, providing a seamless and secure payment experience for their customers.

Set It and Forget It—Recurring Real-Time Payments Are Here

Tired of chasing invoices? With TodayPayments.com, you can:

  • Automate your billing with alias-powered RfP™
  • Collect recurring payments via FedNow® and RTP®
  • Enable customers to “Set It and Forget It” with standing approval autopay
  • Receive irrevocable good funds instantly, 24/7
  • Replace cards and ACH with real-time, lower-cost rails

With alias invoicing, QR payments, and real-time debit support, your business becomes faster, smarter, and more predictable.

👉 Visit https://www.TodayPayments.com and launch your Recurring Real-Time Payment Engine today.

Recurring. Real-Time. Revenue—Simplified.™

Features & Benefits

FedNow instant payments has benefits for all parties involved in Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $1,000,000+ ~ FedNow, $10,000,000+ ~ RTP.
It's Fast: 24/7/365 access to funds anytime vs. several days for paper checks or ACH transfers to process.
Request for Payments ( RfP ™): Mobile & Online Real-Time Bill Payments.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
Software Integration: Integrate your Management or Enterprise software with us.
! Message Detail: Full 145 characters available using ISO 20022 messaging XML format. ~ Call us now for all the Benefits: Pay FedNow, RTP, ACH, Credit Cards .html links!!
Online Down Payments: Don't use inconvenient and expensive Wires & Cashier's Checks.
Online Real-Time Reporting: Configured Dashboard with Virtual Terminal login.
Reduced calls / emails in the "Purchasing Chain": All parties to a instant payment transaction receive immediately text & email messaging.  The FedNow and RTP Systems enables Participants to initiate credit transfers, receive final and irrevocable settlement for credit transfers, and make available to Receivers funds associated with such credit transfers in real-time, twenty-four (24) hours a day, seven (7) days a week, fifty-two (52) weeks a year. All instant payments are "Credit Push" instead of "Debit Pull."


About Recurring Instant Payment

Today Payments is a leader in the evolution of instant instant payments. We own Real-Time Payments. We were years ahead of competitors recognizing the benefits of Same-Day ACH funding through Same-Day Direct Deposits (ACH Push) and Same-Day Direct Payments (ACH Pull). Our customers 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. Our platform hub with its tools / widgets help organizations of all sizes reduce transaction costs, mitigate risk and increase efficiencies. Our system ensures proper Authentication, Authorization, Verification, Settlement, Notifications and Postings.



Our Instant Real-Time Payment Platform


Today Payments

...continues to meet the challenge of our clients by offering cost effective "good funds", real-time, instant, credit card, ACH and e-invoice payment processing services into the electronic payment solutions banking system. Electronic banking includes the transfer of funds between companies (B2B) and/or (B2C) consumer accounts for collection and payments. Today Payments' FedNow Instant Merchant Services gives your company choices in the method of faster payments that you can accept from your customers.
Our payment processing platform is designed for simplicity and ease-of-use.
SecureQB Cloud payment processing integration for QuickBooks ® give you the Best transaction detail information, real-time, with matching error-proof through QuickBooks.

Process with the Recurring Instant Payment Professionals

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  • Automation of Accounts Receivable Collection with Instant Settlement & Deposit
  • Automation of Accounts Payable Payments with Instant Settlement & Deposit
  • One-Time & Recurring Debits & Credits with Instant Settlement & Deposit

Each day, thousands of businesses around the country are turning their transactions into profit with instant payment solutions like ours.

Contact Us for Recurring Instant Payment payment processing