What is RTP® Real-Time Payments Money Services?
Alias-Based Transactions for Secure, Instant Payments
RTP® Real-Time Payments Money Services – Alias-Based Instant A2A Credit Without a Bank Visit
The Future of Real-Time Payments Without a Bank Visit
For years, sending money required in-person verification, slow banking processes, and high fees from traditional money service providers. Consumers and businesses often faced delays, hidden fees, and complex bank requirements for even the simplest transactions.
RTP® (Real-Time Payments) Money Services disrupts this outdated model. Using Alias-Based Payments, users can send and receive instant Account-to-Account (A2A) credit transfers with just a cell phone number, email address, or unique moniker—all without ever visiting a bank or money center.
With TodayPayments, a premier RTP® merchant account processor, businesses and individuals gain access to instant, secure, and cost-effective payments, leaving traditional money service providers behind.
How RTP® Money Services Compare to Legacy Competitors
RTP® Money Services allow users to send and receive payments without requiring complex banking details. Instead of using account numbers and routing details, payments can be made using:
✅ Cell Phone Numbers –
Send and receive funds instantly through mobile-based payment
identification
✅ Email Addresses – Payments
processed through an email-linked alias
✅
Monikers & Nicknames – Secure and personalized IDs that
protect sensitive banking details
ISO 20022 pain.001: The Secure Messaging Standard
RTP® uses ISO 20022 pain.001 messaging, a globally accepted structured payment format that:
✔ Automates payment
processing – Ensures instant transactions
✔
Reduces fraud risks – Adds structured security to transactions
✔ Eliminates manual errors – Standardized
formatting improves accuracy
✔ Supports global
financial networks – Seamlessly integrates with banks and
financial institutions
Ask us how:
"RTP® Real-Time Payments with alias-based
transactions using phone or email"
"How to send RTP®
instant payments without a bank visit"
"ISO 20022
pain.001 messaging for secure A2A credit transactions"
"Compare RTP® Real-Time Payments with legacy money services"
"Alias-based real-time payments using RTP® for
B2B, C2B, B2C, and C2C"
RTP® vs. Traditional Money Services
Legacy money service providers, remittance companies still depend on slow processing, high fees, and intermediaries that make money movement inefficient.
|
Feature |
RTP® 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) |
|
ISO 20022 pain.001 Messaging |
Yes (Automated & Secure) |
No (Outdated Messaging Standards) |
|
Transaction Fees |
Lower, Transparent |
Higher, Hidden Fees |
|
No Bank Visit Required |
Yes (Online Transactions Only) |
No (Requires Physical Bank Visit) |
|
Intermediary-Free Payments |
Yes |
Multiple Middlemen & Banks |
Why Businesses & Consumers are
Switching to RTP® Money Services:
✔
No waiting periods – Money arrives instantly, anytime
✔ No hidden charges – Lower fees than
banks
✔ No in-person bank
visits required – Everything 100% online
How RTP® Works for B2B, B2C, C2B & C2C Payments
Seamless, Alias-Based Transactions for Every Industry
RTP® empowers businesses, freelancers, and individuals with real-time financial freedom.
B2B Transactions: Pay
vendors, contractors, and suppliers instantly
B2C Transactions: Refunds, payroll, and disbursements
without banking restrictions
C2B
Transactions: Customers can pay businesses without entering
banking details
C2C Transactions:
Send and receive peer-to-peer payments with just a phone number
or email
How It Works:
✔
Step 1: The payer enters the recipient's alias (cell
number, email, or nickname)
✔ Step 2:
The ISO 20022 pain.001 message is processed instantly
✔ Step 3: The recipient’s bank matches the
alias and deposits funds in real-time
✔
Step 4: Transaction confirmed – No chargebacks, no
reversals
Security & Compliance with ISO 20022 Messaging
How RTP® Ensures Safe & Transparent Payments
Security is essential in digital payments, and RTP® leverages ISO 20022 pain.001 messaging for maximum protection.
✔ Automated Payment
Reconciliation – No manual transaction errors
✔
Encrypted Transactions – Secured from fraud & cyber threats
✔ Compliant with Financial Regulations – Meets
global payment security standards
✔ Chargeback
Protection – RTP® transactions are final and irreversible
Unlike traditional money service companies, RTP® eliminates unnecessary middlemen, reducing costs while ensuring high-speed and highly secure transactions.
Sales Conclusion: Accept RTP® Alias-Based Payments with TodayPayments
The future of payments is fast, secure, and accessible—legacy and money service providers are falling behind.
With
TodayPayments, a premier RTP® processor, you can:
✔ Enable instant A2A credit payments with ISO 20022
pain.001 messaging
✔ Send & receive payments using
aliases (cell phone, email, monikers)
✔ Process
transactions faster than legacy money service providers
✔
Lower fees, eliminate chargebacks, and improve cash flow
✔ Expand financial access beyond traditional banking
restrictions
Say goodbye to outdated payment systems—switch to RTP® today!
Creation Request for Payment Bank File
Enhance Your FedNow Money Services 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
