What is a FedNow® Facilitator & Alias-Based Transfers?
What is a FedNow® Facilitator & Alias-Based Transfers?
Facilitator for FedNow® Service Providers –
Instantly Send & Receive Alias-Based Payments
The Future of Real-Time Payments Without
Banks
Traditional money service providers, banks are slow, costly, and inefficient. They require manual processes, long wait times, and in-person verification, making financial transactions frustrating for businesses and consumers.
We are NOT a bank. We are a FedNow® facilitator, allowing you to send and receive money instantly without needing a traditional banking institution.
Our service supports:
✅ Alias-Based Transactions
– Pay and receive funds using a phone number, email, or moniker
✅ Instant A2A (Account-to-Account) Credit – No
delays, no intermediaries
✅ One-Time & Recurring
Batch Payments – Automate payroll, supplier payments, and
invoices
✅ Secure Payment Messaging – Powered
by ISO 20022 pain.001
As a FedNow® facilitator, we offer seamless MOTO (Mail Order/Telephone Order), POS (Point of Sale), Mobile RfP (Request-for-Payment), and invoicing via email or text with .html links, fully integrated with the FedNow® and RTP® banking system.
With TodayPayments, a premier FedNow® processor, businesses and individuals can complete transactions online, eliminating banking delays and inefficiencies.
FedNow® vs. Legacy Money Service Providers
FedNow® allows alias-based transactions, meaning users can send and receive payments without revealing full banking details. Instead, payments are linked to:
✔ Cell Phone Numbers –
Easy, direct, and secure payments
✔ Email
Addresses – Alias-based identification for seamless
transactions
✔ Monikers & Nicknames –
Custom identifiers for privacy and convenience
ISO 20022 pain.001: The Secure Standard for One-Time & Recurring Batch Payments
ISO 20022 pain.001 is a structured, secure payment messaging format that ensures:
✔ Automated Payment
Processing – No manual errors, instant transactions
✔
Batch Payment Capability – Process multiple transactions at
once
✔ Fraud Protection & Secure Messaging
– Reduces financial risk
✔ Seamless Integration
– Works with banks, financial institutions, and payment networks
By implementing ISO 20022 messaging, TodayPayments ensures every transaction is structured, trackable, and fully secure.
Ask us how:
"Facilitator for FedNow® Service Providers
with alias-based transactions"
"How to send FedNow®
instant payments using a phone number or email"
"ISO
20022 pain.001 messaging for secure A2A credit transfers and batch
payments"
"Compare FedNow® with legacy money services"
"MOTO, POS, Mobile RfP & invoicing via
email or text using FedNow®"
FedNow® vs. Legacy Money Service Providers
How FedNow® Outperforms Traditional Money Transfer Services
Legacy money transfer services and traditional banks are built on slow, outdated, and expensive financial models.
|
Feature |
FedNow® 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 FedNow® Facilitators Like TodayPayments:
✔ No more banking delays – Transactions
process in real time
✔ No high fees
– Cost-efficient, transparent pricing
✔ No
manual errors – Automated batch payments ensure accuracy
How FedNow® Works for B2B, B2C, C2B & C2C Transactions
Instant, Alias-Based, & Recurring Transactions for Every Industry
FedNow® enhances business and personal transactions with fast, structured, and bank-independent financial services.
B2B Transactions:
Automate vendor payments, supplier invoices, and payroll
processing
B2C Transactions: Instant
refunds, customer payouts, and e-commerce transactions
C2B Transactions: Customers can pay businesses 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, FedNow® 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 FedNow® Ensures Secure & Automated Payments
Unlike traditional money service providers, FedNow® transactions are encrypted, structured, and fully compliant.
✔ Automated Payment
Reconciliation – Eliminates manual errors
✔
End-to-End Encryption – Prevents fraud and cyber threats
✔ Regulatory Compliance – Meets global
financial security standards
✔ Final &
Irreversible Transactions – Reduces chargeback risks
With TodayPayments, businesses and individuals benefit from real-time, structured, and fraud-resistant financial transactions.
Accept FedNow® Alias-Based & Batch Payments with TodayPayments
Traditional money service providers and banks are outdated. FedNow® provides a faster, more efficient, and cost-effective solution.
With
TodayPayments, a premier FedNow® 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 FedNow® today!
Creation Request for Payment Bank File
Enhance Your FedNow Service Providers 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 FedNow Service Providers payment processing pricing
