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Recurring Instant Payments Using Real-Time Payments and RfP™ Invoicing

To modernize recurring billing through real-time payment automation by leveraging alias-based Request for Payments (RfP™), integrated mobile invoicing, and 24/7 FedNow® and RTP® payment rails—providing instant, irrevocable, and customer-authorized deposit certainty for merchants and platforms nationwide.

TodayPayments.com empowers merchants and subscription-based businesses to get paid instantly through real-time, alias-driven Request for Payments (RfP™). Our platform delivers invoices via SMS, email, or QR code and enables customers to pre-authorize future payments using FedNow® and RTP® debit transactions, supporting a “set it and forget it” autopay model. With hosted payments, ISO 20022 support, and seamless batch or recurring processing, we help businesses achieve perfect payment timing—without friction or delays.

 

Using Recurring Instant Payments

Recurring Instant Payments Instant, Automatic, Always-On Payments Are the New Standard

Businesses today face constant friction when it comes to collecting recurring payments: declined cards, late payers, manual follow-ups, and reconciliation delays. But with Recurring Instant Payments using FedNow® and RTP® rails, paired with alias-based Request for Payment (RfP™) invoicing, you eliminate all of that.

Through mobile, email, text, or QR code, payers receive branded digital invoices and can authorize automatic, real-time debit payments—delivered to the merchant’s account as good funds, instantly. Whether you operate B2C or B2B, you can now offer a “Set It and Forget It” experience that your customers will love—and your balance sheet will thank you for.

What Is RfP™ with Standing Authorization?

A Request for Payment (RfP™) is a secure, ISO 20022-compliant payment message sent to a payer by a merchant or service provider. Instead of relying on credit card numbers or ACH authorization, RfP™ uses alias-based identity such as:

  • Mobile Phone Number
  • Email Address
  • Customer ID
  • QR Code

The payer receives the invoice via SMS, email, or mobile, and completes payment on a hosted checkout page.

With standing authorization, a payer gives one-time approval for all future RfPs—turning each recurring invoice into an automatic real-time payment, without requiring manual review.

How RfP™ Enables Real-Time Recurring Autopay with Standing Approval

Itemized Parameters, Attributes, Benefits, and Features

Parameters

Parameter

Description

Payment Rail

FedNow®, RTP® (Real-Time Payments)

Transaction Type

Recurring, One-time, Batch, Scheduled Payments

Delivery Channel

Email, Mobile, Text/SMS, QR Code

Identifier Format

Alias (Email, Mobile, QR, Customer Token)

Authorization Type

Standing Approval ("Set It and Forget It")

Settlement Speed

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

Message Format

ISO 20022, JSON, XML, Excel

Attributes

  • Alias Identity: Secure, no routing/account number required
  • Hosted Payments Page: Seamless, branded user experience
  • Mobile-First Design: Works across devices via text or email
  • Standing Approval: Only one-time setup needed by the payer
  • Real-Time Certainty: Irrevocable “good funds” credited instantly

Benefits

  • 100% Automation: No manual approvals or reminders needed
  • Frictionless Payments: Let customers pay effortlessly via mobile
  • Cash Flow Acceleration: Instant deposit of recurring payments
  • No Card Declines: Avoid expiration issues and card network fees
  • Improved Customer Retention: “Set It and Forget It” convenience
  • Audit-Ready Transparency: ISO 20022 ensures rich remittance data
  • Reduced Billing Costs: Lower processing and reconciliation overhead

Features

  • Recurring RfP™ scheduling with customizable frequency
  • QR Code and SMS payment request generation
  • Real-time payment confirmation dashboard
  • API-driven integration with ERP, CRM, QuickBooks®
  • Payer alias tokenization for repeat-use without exposing credentials
  • ISO 20022 field-level mapping for B2B compliance
  • 24/7 payment window with instant retry logic for failed attempts

Use Cases for Recurring Real-Time Payments with FedNow® & RTP®

  • SaaS & Software Licensing: Monthly, quarterly, or annual subscriptions auto-paid in seconds
  • Healthcare Services: Co-pay, payment plans, and billing cycles paid instantly via mobile RfP™
  • B2B Retainers & Maintenance: Standing instructions for recurring FedNow® RfP™ collections
  • Logistics & Field Services: Route-based or weekly billing auto-settled via mobile
  • eCommerce Subscriptions: QR-code or text-based RfP™ for fast customer renewals
  • Utilities & Telecom: Recurring customer bills cleared automatically with good-funds confirmation

When considering the attributes of using "Recurring Instant Payments" with a focus on payers' good credit and "Standing Approval," several key factors come into play to ensure a seamless and efficient payment experience. Here are the attributes:

  1. Creditworthiness Assessment:
    • Before granting "Standing Approval" for recurring instant payments, the payer's creditworthiness should be assessed to ensure they have a good credit standing. This assessment may involve evaluating the payer's credit history, payment behavior, and financial stability.
  1. Pre-authorization Process:
    • Establish a pre-authorization process wherein payers with good credit standing can provide consent for recurring instant payments to be processed automatically without requiring manual approval for each transaction.
  1. Authorization Parameters:
    • Define clear parameters for the pre-authorization process, including the frequency, amount, start date, and duration of recurring instant payments. These parameters should be tailored to meet the needs and preferences of payers with good credit standing.
  1. Transparency and Disclosure:
    • Provide transparent information to payers regarding the pre-authorization process, including the terms and conditions associated with recurring instant payments, any applicable fees, and the rights and responsibilities of both parties.
  1. Security Measures:
    • Implement robust security measures to safeguard sensitive financial information and protect against fraud or unauthorized access. This may include encryption, multi-factor authentication, and compliance with data protection regulations.
  1. Real-Time Transaction Processing:
    • Ensure that recurring instant payments are processed in real-time, allowing funds to be transferred immediately from the payer's account to the payee's account without delays or disruptions.
  1. Error Handling and Dispute Resolution:
    • Establish effective mechanisms for error handling and dispute resolution to address any issues that may arise during the processing of recurring instant payments. Provide avenues for payers to report errors or discrepancies and resolve disputes promptly.
  1. Notification and Confirmation:
    • Offer timely notifications and confirmations to payers for each recurring instant payment transaction, providing transparency and accountability throughout the payment process.
  1. Customer Support:
    • Provide dedicated customer support channels to assist payers with setting up, managing, and troubleshooting recurring instant payments, ensuring a positive user experience and addressing any concerns or inquiries promptly.

By incorporating these attributes into the use of "Recurring Instant Payments" with a focus on payers' good credit standing and "Standing Approval," organizations can offer a secure, convenient, and reliable payment solution that meets the needs of their customers while minimizing the risk of payment defaults or fraud.

Set It and Forget It with TodayPayments.com

With TodayPayments.com, you can now:

  • Deliver recurring RfPs™ using alias identity over SMS, email, or QR code
  • Receive instant payments through FedNow® and RTP®—any time, any day
  • Enable "Set It and Forget It" recurring billing with a one-time payer authorization
  • Avoid card failures, ACH delays, and manual approvals
  • Simplify compliance with ISO 20022 message standards

Whether you bill monthly, weekly, or by usage, recurring payments don’t have to be complex or delayed.

Let your customers pay once—and never worry again.

👉 Visit https://www.TodayPayments.com and activate your real-time recurring billing platform today.
Set It. Forget It. Get Paid Instantly.™

 

Creation Recurring Request for Payment

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-TimePayments.com to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. 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", either FedNow or RTP, will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank. Request for Recurring Payment

ACH and both Instant and Real-Time Payments Request for Payment ISO 20022 XML Message Versions
The versions that NACHA recommends for the Request for Payment message and the Response to the Request are pain.013 and pain.014 respectively. Version 5 for the RfP messages, which The Clearing House Real-Time Payments system has implemented, may also be utilized as there is no material difference in the schemas. Predictability, that the U.S. Federal Reserve, via the FedNow ® Instant Payments, will also use Request for Payment. The ACH, RTP ® and FedNow ® versions are Credit Push Payments.


Payees ensure the finality of Instant Real-Time Payments (IRTP) and FedNow using recurring Requests for Payments (RfP), Payees can implement certain measures:

1.     Confirmation Mechanism: Implement a confirmation mechanism to ensure that each payment request is acknowledged and confirmed by the payer before the payment is initiated. This can include requiring the payer to provide explicit consent or authorization for each recurring payment.

2.     Transaction Monitoring: Continuously monitor the status of recurring payment requests and transactions in real-time to detect any anomalies or discrepancies. Promptly investigate and resolve any issues that arise to ensure the integrity and finality of payments.

3.     Authentication and Authorization: Implement strong authentication and authorization measures to verify the identity of the payer and ensure that only authorized payments are processed. This can include multi-factor authentication, biometric verification, or secure tokenization techniques.

4.     Payment Reconciliation: Regularly reconcile payment transactions to ensure that all authorized payments have been successfully processed and finalized. This involves comparing transaction records with payment requests to identify any discrepancies or unauthorized transactions.

5.     Secure Communication Channels: Utilize secure communication channels, such as encrypted messaging protocols or secure APIs, to transmit payment requests and transaction data between the payee and the payer. This helps prevent unauthorized access or interception of sensitive payment information.

6.     Compliance with Regulatory Standards: Ensure compliance with relevant regulatory standards and guidelines governing instant payments and recurring payment transactions. This includes adhering to data security requirements, fraud prevention measures, and consumer protection regulations.

By implementing these measures, Payees can enhance the finality and security of Instant Real-Time Payments using recurring Requests for Payments, thereby minimizing the risk of payment disputes, fraud, or unauthorized transactions.

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

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