Fastest ACH
What is Fastest ACH
FedNow, Fastest ACH and Real-Time instant payments, are defined simply as: Irrevocably collected funds in a bank account and usable immediately by the owner of the account. Our "Good Funds" payment gateway allows for instant real-time digital payments that are immediate, irrevocable, intra-bank and/or interbank account-to-account (A2A) transfers that utilize a real-time messaging system connected to every transaction participant through all U.S.-based financial institutions.
Integrating the features and benefits of FedNow and Real-time Payments (RTP) with the Fastest ACH system could bring significant enhancements to the existing ACH infrastructure. Here's how these features and benefits could be transmitted to complement Fastest ACH:
1. Real-Time Settlement: Fastest ACH primarily focuses on expediting ACH transactions, but it typically operates on batch processing, leading to delays in settlement. By integrating real-time settlement features from FedNow and RTP, transactions processed through Fastest ACH could settle instantly, offering businesses and consumers immediate access to funds and improving cash flow management.
2. 24/7 Availability: While Fastest ACH offers same-day settlement for certain transactions, it operates within specific processing windows and may not be available outside of regular banking hours. Integrating the 24/7 availability feature of FedNow and RTP would enable users to initiate and receive payments at any time, even on weekends and holidays, providing unparalleled flexibility and convenience.
3. Enhanced Security: FedNow and RTP incorporate advanced security measures to protect against fraud and unauthorized transactions. By integrating these security features with Fastest ACH, users can benefit from robust fraud detection and prevention mechanisms, ensuring the integrity and safety of their transactions.
4. Streamlined Payment Workflow: Fastest ACH aims to streamline the ACH payment process by reducing settlement times. Integrating the streamlined payment workflow features of FedNow and RTP would further enhance efficiency by automating manual processes, reducing errors, and improving reconciliation. This would ultimately save time and resources for businesses and financial institutions.
5. Expanded Payment Options: While Fastest ACH focuses on accelerating ACH transactions, integrating FedNow and RTP features would introduce additional payment options, such as real-time payments and instant settlement, giving users more flexibility to choose the payment method that best suits their needs.
By transmitting the features and benefits of FedNow and RTP to complement Fastest ACH, businesses, financial institutions, and consumers can enjoy the combined advantages of faster processing, real-time settlement, enhanced security, 24/7 availability, streamlined workflow, and expanded payment options. This integrated approach would help modernize the ACH infrastructure, meet evolving customer demands, and drive innovation in the payments industry.
Creation Request for Payment Bank File
Call us, the .csv and or .xml FedNow or Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) shows how to implement Create Real-Time Payments Request for Payment File up front delivering a message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continues through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.
... 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.
1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory .csv or .xml data for completed ISO 20022 file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support
2) We create .csv or .xml formatting using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.
Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,
3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Fastest ACH system.
Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG
4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.
Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.
Contact Us for Request For Payment payment processing
