Real-Time Collections: Instantly Receive Payments with Certainty and Speed

Itemized RTP® Parameters, Attributes, Benefits and Features

Benefits:

✅ Send Real-Time RfP™ via SMS or Email with Instant Good Funds Settlement

Merchants can initiate Request for Payment (RfP™) from their platform or billing system. Customers receive a secure, hosted link via email or text to complete payment instantly through FedNow® or RTP®, with no chance of reversal.

✅ Collect Recurring Payments or One-Time Invoices with ISO 20022 Batch Uploads

Real-Time Collections support batch invoicing for high-volume billing cycles. Upload ISO 20022-compliant files (.XML, JSON, Excel) to send hundreds of real-time requests in seconds.

✅ Use POS, MOTO, or Ecommerce to Trigger Real-Time Collection Events

Whether at point-of-sale, through mail/telephone order, or on a shopping cart, Real-Time Collection requests can be triggered to allow immediate customer payment and instant merchant funding.

✅ QuickBooks® QBO Integration Ensures Accurate Reconciliation

Each real-time transaction is automatically posted to QuickBooks® QBO, closing the loop between cash flow and accounting with no manual entry needed.

Ask us How:

• Real-Time Collections powered by FedNow® and RTP® allow merchants to send secure RfP™ messages and receive irrevocable Good Funds within seconds, drastically reducing accounts receivable aging.
• Batch upload of collection requests using ISO 20022 file formats allows businesses to manage high-volume billing and recurring invoices with automated payment certainty.
• Hosted payment pages accessible via SMS, QR, or email ensure easy payer access and optimized mobile conversion rates.
• QuickBooks® QBO integration enables real-time syncing of received payments with merchant ledgers, simplifying bookkeeping and reporting.
• Merchants across industries can now digitize and streamline collections using mobile, ecommerce, and ERP triggers for real-time payment capture.

Why Businesses Choose TodayPayments.com for Real-Time Collections

1. ✅ Instantly collect Good Funds with real-time RfP™
2. ✅ FedNow® and RTP® compatibility ensures 24/7 settlement
3. ✅ Batch file uploads using ISO 20022 for recurring payments
4. ✅ Hosted payment pages with mobile optimization
5. ✅ Email, SMS, or QR delivery of payment requests
6. ✅ Alias-based MID tracking for enterprise segmentation
7. ✅ Seamless QuickBooks® QBO integration
8. ✅ Reduce AR aging and improve working capital
9. ✅ No chargebacks, no reversals, no uncertainty
10. ✅ Easy merchant onboarding, no IT complexity

To set up real-time collections available to merchants/payees, including when payers click links in invoices and enable VRP (Variable Recurring Payments) via account-to-account from payer to payee, follow these steps:

Integration Steps

1. Merchant Enrollment in Real-TimePayments.com and SecureQBPlugin.com

1. Register with Real-TimePayments.com and SecureQBPlugin.com:
   • Merchants need to sign up on these platforms and enroll in their respective services.
   • Complete the necessary registration and KYC (Know Your Customer) processes to set up their accounts.
2. Configure Real-Time Payments Integration:
   • Set up the RTP and FedNow services within Real-TimePayments.com and SecureQBPlugin.com.
   • Link the merchant's bank account to enable real-time collections and VRP transactions.

2. Setting Up Real-Time Collections

Digital and Paper Invoicing:

1. Integrate Invoicing Software:
   • Ensure your invoicing system (such as QuickBooks Online or QuickBooks Enterprise) is integrated with Real-TimePayments.com and SecureQBPlugin.com.
   • Use the APIs from these platforms to add payment links to digital invoices.
2. Send Digital and Paper Invoices:
   • Generate and send invoices that include clickable payment links.
   • For paper invoices, include a URL or QR code that directs customers to a payment page.
3. Enable Real-Time Collections:
   • Configure the invoicing system to process real-time payments when the payer clicks the payment link.
   • Use Real-TimePayments.com and SecureQBPlugin.com to process the transactions through RTP or FedNow.

Setting Up Variable Recurring Payments (VRP)

1. Payer Authorization:
   • Ensure that payers authorize VRP, setting limits on the amount, frequency, and purpose of the payments.
   • This authorization can be managed through their bank or directly within Real-TimePayments.com.
2. Integrate VRP in Invoicing:
   • Use the APIs from Real-TimePayments.com and SecureQBPlugin.com to integrate VRP options into your invoicing system.
   • Add VRP options to digital invoices, allowing payers to authorize recurring payments.
3. Automate Recurring Payments:
   • Configure the system to automate recurring payments based on the authorized VRP.
   • Ensure real-time processing of these payments through RTP or FedNow.

Benefits and Features for Payers and Payees

1. Speed and Efficiency:

• Immediate Fund Availability: Payments are processed in real-time, ensuring immediate availability of funds for the merchant.
• Reduced Processing Time: Eliminates delays typically associated with traditional payment methods.

2. Enhanced Security:

• Data Encryption: Secure payment channels reduce the risk of fraud and protect sensitive information.
• Compliance: Ensures compliance with financial regulations, protecting both the payee and the payer.

3. Improved Customer Experience:

• Convenience: Offers customers a quick and easy way to pay invoices and set up recurring payments.
• Instant Confirmation: Customers receive immediate confirmation of payments, enhancing their experience.

4. Financial Management:

• Automatic Reconciliation: Payments are automatically reconciled in QuickBooks, reducing manual effort and errors.
• Real-Time Cash Flow Management: Provides up-to-date information on cash flow for both payees and payers, aiding in better financial planning and management.

5. Cost Savings:

• Lower Transaction Fees: Potentially lower fees compared to traditional payment methods.
• Reduced Administrative Costs: Automation reduces the time and cost associated with manual payment processing and reconciliation.

6. Competitive Advantage:

• Modern Payment Solutions: Offering real-time payments and VRP can attract tech-savvy customers and set the business apart from competitors.
• Enhanced Reputation: Providing cutting-edge payment solutions can enhance the payee’s reputation and customer trust.

Example Implementation

1. Enroll in Real-TimePayments.com and SecureQBPlugin.com:
   • Merchant signs up on these platforms and completes the necessary registration and KYC processes.
   • Link their bank accounts to their profiles on both platforms.
2. Integrate Digital Invoicing:
   • Use the APIs from Real-TimePayments.com and SecureQBPlugin.com to integrate with QuickBooks Online or QuickBooks Enterprise.
   • Add payment links and VRP options to digital invoices.
3. Configure Paper Invoicing:
   • Print payment instructions, including URLs or QR codes, on paper invoices.
4. Enable Real-Time Collections:
   • Customers can pay using the digital invoice links or by visiting/scanning the URLs/QR codes on paper invoices.
   • Real-TimePayments.com and SecureQBPlugin.com process the payments through RTP or FedNow.
5. Automate VRP:
   • Configure the system to handle VRP transactions automatically.
   • Ensure real-time processing of these payments through RTP or FedNow.
6. Monitor and Reconcile Payments:
   • Use the dashboards of Real-TimePayments.com and SecureQBPlugin.com for real-time notifications and payment tracking.
   • Automatically reconcile payments in QuickBooks.
7. Ensure Security:
   • Implement data encryption for all transactions.
   • Ensure compliance with financial regulations.
8. Support and Communication:
   • Provide detailed instructions and support for customers making payments and setting up VRP.
   • Set up automated notifications for payment confirmations.

Conclusion

By enabling real-time collections and VRP via account-to-account transactions from payers to payees using platforms like Real-TimePayments.com and SecureQBPlugin.com, merchants can offer a seamless and efficient payment process. This integration not only improves customer satisfaction but also enhances security, reduces costs, and provides a competitive advantage. Through these modern payment solutions, merchants can streamline their financial operations and offer superior service to their customers.

Real-Time Collections put you in charge of your receivables.

Stop waiting days—or weeks—to get paid. With TodayPayments.com, you can collect Good Funds instantly via hosted payment pages, batch invoices, or mobile RfP™ requests sent by text, email, or ecommerce triggers. Backed by FedNow® and RTP®, it’s faster, smarter, and always final.

✅ Send payment requests in seconds
✅ Collect instantly via secure payment links
✅ Auto-sync with QBO
✅ Final Good Funds, 24/7/365

👉 Get started at TodayPayments.com and unlock the power of Real-Time Collections for your business today.