Credit Union Request for Payment

Supported File Formats & Messaging Standards

Designed for Interoperability, Speed, and Simplicity.

TodayPayments.com supports modern messaging specifications and formats to ensure seamless RfP transmission:

• ISO 20022 Rich Data Messaging for financial-grade structure
• .Excel – Manual and batch invoicing for operations teams
• .XML – ISO-compliant format for structured transactions
• .JSON – API-ready for SaaS platforms and developers
• Mobile/SMS/Email Invoicing – For instant RfP distribution across any device

Each file supports:

• Multi-bank and multi-credit union routing
• Recurring or one-time payment scheduling
• Real-time tracking and delivery confirmation
• Alias mapping (e.g. mobile number or email) for payer identification

Top Benefits and Features

Built for Bookkeepers, CFOs, and Merchant Operators Alike.

• Upload RfP files to all Credit Unions across the U.S.
• Compatible with FedNow® and RTP® networks
• Accept payments via B2B, C2B, A2A, ACH, and credit card methods
• Hosted Payment Page linked to each invoice
• No sign-up or onboarding fees
• Batch upload for recurring billing
• Alias-based security using email and mobile
• Real-time reconciliation and audit trail reports
• Support for 100+ MIDs across different aliases or divisions
• Zero bank visits required — 100% online
• Full integration with QuickBooks® QBO
• Inclusive of high-risk merchants and low-credit businesses

 

To import and upload a Request for Payment (RfP) file for FedNow and Real-Time Payments (RTP) from a "Business Member" in your Credit Union dashboard, you can follow these steps. This guide assumes you are working with RfP files from a business member who is requesting payments through FedNow or RTP and that you are managing the process through your Credit Union's real-time payment portal.

Step-by-Step Guide for Importing and Uploading RfP Files from a Business Member

1. Obtain the RfP File from the Business Member

• Business Members using FedNow or RTP will provide you with a Request for Payment (RfP) file in one of several possible formats:
  • ISO 20022 XML (Pain.013) format.
  • CSV format.
  • JSON format.
• Ensure the business member provides all necessary payment details in the file, such as:
  • Payer information (your business).
  • Payment amount.
  • Remittance details (e.g., invoice numbers).
  • IBAN or account details (for payment processing).

2. Access Your Credit Union’s FedNow or RTP Dashboard

• Log in to your Credit Union’s business banking portal.
• Navigate to the section that handles Real-Time Payments (RTP) or FedNow services.
• Confirm that you have access to upload or import payment requests from business members.

3. Review the Request for Payment (RfP) File

• Before uploading the RfP file, review the contents to ensure accuracy:
  • Check that the payer information (your business or the intended payer) is correct.
  • Verify the payment amount and remittance details (e.g., invoice numbers or payment references).
  • Ensure the payment method aligns with FedNow or RTP standards.

4. Upload the RfP File into Your Credit Union Dashboard

Once you have verified the file, follow these steps to upload it:

For ISO 20022 XML (Pain.013):

• Navigate to the file upload section in your Credit Union's FedNow or RTP dashboard.
• Select the ISO 20022 XML file (Pain.013) provided by the business member.
• Upload the file and review the details within the portal:
  • Confirm that the payer (your business), payment amount, and remittance details are accurate.
• Submit the payment request for processing. The Credit Union will process the real-time payment, and the payment will be sent instantly.

For CSV File:

• If the RfP is in CSV format, upload the CSV file into the dashboard’s Real-Time Payments or FedNow section.
• Review the contents of the CSV file in the upload portal to ensure it has the correct payment details.
• Confirm the payer’s account information, the payment amount, and other transaction details before submitting.

For JSON File:

• If the RfP is in JSON format, upload the file following the same steps:
  • Navigate to the JSON upload section in your Credit Union’s dashboard.
  • Select the JSON file and review its contents.
  • Ensure that the payment details are correct before submitting.

Sample File Formats:

Example ISO 20022 XML (Pain.013) File:

xml

<Document>

  <CstmrCdtTrfInitn>

    <GrpHdr>

      <MsgId>BUSINESSRFQ001</MsgId>

      <CreDtTm>2024-09-15T12:00:00</CreDtTm>

      <NbOfTxs>1</NbOfTxs>

      <CtrlSum>2500.00</CtrlSum>

    </GrpHdr>

    <PmtInf>

      <PmtInfId>PmtInf001</PmtInfId>

      <PmtMtd>TRF</PmtMtd>

      <ReqdExctnDt>2024-09-15</ReqdExctnDt>

      <Dbtr>

        <Nm>Your Business Name</Nm>

      </Dbtr>

      <DbtrAcct>

        <Id>

          <IBAN>US1234567890</IBAN>

        </Id>

      </DbtrAcct>

      <Cdtr>

        <Nm>Business Member</Nm>

      </Cdtr>

      <CdtrAcct>

        <Id>

          <IBAN>US9876543210</IBAN>

        </Id>

      </CdtrAcct>

      <Amt>

        <InstdAmt Ccy="USD">2500.00</InstdAmt>

      </Amt>

      <RmtInf>

        <Ustrd>Invoice #INV001</Ustrd>

      </RmtInf>

    </PmtInf>

  </CstmrCdtTrfInitn>

</Document>

Example CSV File:

csv

MsgId,DebtorName,DebtorIBAN,CreditorName,CreditorIBAN,Amount,Currency,InvoiceNumber

BUSINESSRFQ001,Your Business Name,US1234567890,Business Member,US9876543210,2500.00,USD,INV001

Example JSON File:

json

{

  "PaymentRequest": {

    "MsgId": "BUSINESSRFQ001",

    "Debtor": {

      "Name": "Your Business Name",

      "IBAN": "US1234567890"

    },

    "Creditor": {

      "Name": "Business Member",

      "IBAN": "US9876543210"

    },

    "Amount": {

      "Currency": "USD",

      "Value": 2500.00

    },

    "RemittanceInformation": "Invoice INV001"

  }

}

5. Submit and Confirm the Payment

• After uploading the file and verifying its contents, submit the RfP for processing.
• The payment will be processed in real-time, and the funds will be transferred instantly from your account to the business member’s account via the FedNow or RTP network.

6. Monitor the Payment Status

• Your Credit Union’s FedNow or RTP dashboard will provide real-time updates on the status of the payment.
• Track the confirmation that the payment was successfully processed and that the funds were transferred to the business member.

7. Reconcile the Payment in Your Accounting System

• After the payment is confirmed, ensure that you reconcile the payment in your accounting system (such as QuickBooks Online or another platform).
• Match the payment to the corresponding invoice or expense record to keep your books accurate.

Final Considerations

• Review the RfP files from your business members carefully before submitting, especially for high-value or recurring payments.
• Always use your Credit Union’s secure payment portal to ensure that your financial data and payments are handled safely.

Would you like further details on specific file formats or steps for a particular Credit Union’s platform? Let me know!

Upload Once. Get Paid Instantly. Across All Credit Unions.

Imagine a world where you never have to call a bank, wait for ACH, or re-send an invoice again. With TodayPayments.com, that world is here.

✅ Upload once — we support all file formats
✅ Reach all credit unions and financial institutions
✅ Send invoices by text, email, or embedded links
✅ Accept FedNow®, RTP®, ACH, and credit card payments
✅ Receive real-time funding with full certainty
✅ Enjoy free FedNow® and RTP® application processing

Start now at https://www.TodayPayments.com and streamline your financial operations from invoicing to settlement—with just one upload.