Bill Pay Exchange
TodayPayments.com is the go-to
platform for modern financial operations, powering businesses with
Bill Payment Exchange solutions using Request for Payments,
ISO 20022 messaging, and fully digital invoicing. We equip
merchants, service providers, and finance teams with tools to connect
Payees and Payers across SMS, email, and secure messaging platforms.
Our mission is to simplify invoicing, reduce aging receivables, and
accelerate reconciliations using automation-ready file formats and
free productivity templates. At TodayPayments.com, we don't just
move money—we move your business forward.
What is Bill Pay Exchange
In today's evolving digital economy, businesses
and consumers expect fast, accurate, and transparent payment
processes. Enter the Bill Payment Exchange—a modern framework
that allows businesses (B2B) and consumers (C2B) to interact
seamlessly through Request for Payments (RfP). With the rise
of digital invoicing, SMS notifications, and ISO 20022 batch
processing, the Bill Payment Exchange bridges the gap between
Payees and Payers, enabling real-time tracking, communication,
and reconciliation. And with free financial templates from
TodayPayments.com, your path to faster payments and streamlined
reporting is just a few clicks away.
A Bill Payment Exchange is a real-time
digital platform that allows payees to issue
Request for Payments
(RfP) to businesses or consumers, who can then approve and
complete payment on the spot. The benefits of this exchange model
include:
- Faster communication using SMS, email, or
secure messaging
- Direct invoice delivery from Payee to
Payer
- Compatibility with smartphones, accounting
systems, and online banking portals
- Enhanced transparency with time-stamped
invoice activity
Whether you're managing a large B2B portfolio
or offering C2B services, this system transforms the invoice
lifecycle with automation and accuracy.
Batch Uploads and Reporting with ISO 20022 Rich Data
The power of the Bill Payment Exchange is fully
unlocked when paired with ISO 20022-compliant messaging and
batch upload capabilities. Businesses can:
- Upload and download batch invoice
requests in .XML, Excel, or JSON formats
- Use rich metadata like invoice aging,
payer details, and payment terms
- Generate downloadable reports for cash
flow tracking and DSO analysis
- Connect to banks, credit unions, and ERP
systems with ISO-standard file formats
With TodayPayments.com, your batch invoicing
becomes smarter, scalable, and synchronized with your real-time
accounting needs.
Free Templates: AR Aging & Bank
Reconciliation—Included
Get a head start on automating your billing
and reconciliation process with free downloadable templates:
- Aging Accounts Receivable Worksheets:
Track invoices by 15, 30, 60, and 90+ days
- Bank Reconciliation Templates:
Match payments to deposits, reducing manual errors
- ISO 20022 Batch File Samples: Use
ready-made structures for uploading your RfP requests
These templates are crafted to save time and
reduce risk—perfect for small businesses, enterprise finance
teams, or high-risk merchants managing complex billing cycles.
Digital paying invoices and Bill Pay Exchange are both electronic payment systems that allow individuals and businesses to send and receive payments digitally, without the need for paper checks or physical cash.
Digital paying invoices refer to the process of sending electronic invoices to customers, which they can then pay online using a variety of payment methods, such as credit cards, debit cards, or bank transfers. This process can be automated using specialized software, which can help save time and reduce errors associated with manual invoicing.
Bill Pay Exchange is a platform that enables businesses to send and receive digital payments using ACH transfers. This system allows businesses to automate their payment processes, track payment statuses, and streamline their cash flow management. Bill Pay Exchange can also integrate with accounting software, making it easy to reconcile payments and keep accurate financial records.
Both digital paying invoices and Bill Pay Exchange offer advantages over traditional payment methods. They can help businesses reduce costs associated with paper checks, improve payment processing times, and enhance cash flow management. Additionally, they offer greater convenience and flexibility for customers, who can pay their bills online from anywhere, at any time.
Features & Benefits
FedNow instant payments has benefits for all parties involved in
Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $1,000,000 ~ FedNow, $10,000,000 ~ RTP.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
It's Fast: 24/7/365 access to funds anytime vs.
several days for paper checks or ACH transfers to process.
Request for Payments ( RfP ™): Mobile & Online Real-Time Bill Payments.
Software Integration: Integrate your A/R & A/P Management
or Enterprise software with us.
Message Detail: Full 145 characters available
using ISO 20022 messaging XML format.
Online Down Payments: Don't use inconvenient
and expensive Wires & Cashier's Checks.
Online Real-Time Reporting: Configured
Dashboard with Virtual Terminal login.
Reduced calls / emails in the "Purchasing Chain": All
parties to a instant payment transaction receive immediately
text & email messaging.
The
FedNow and RTP Systems enables Participants to initiate credit transfers,
receive final and irrevocable settlement for credit transfers,
and make available to Receivers funds associated with such
credit transfers in real-time, twenty-four (24) hours a day,
seven (7) days a week, fifty-two (52) weeks a year. All instant payments are "Credit
Push" instead of "Debit Pull."
Creation Request for Payment Bank File
Call us, the .csv and or .xml FedNow or Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. 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-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. 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", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.
... 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.
1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory .csv or .xml data for completed ISO 20022 file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support
2) We create .csv or .xml formatting files using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.
Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,
3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Bill Pay Exchange system.
Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG
4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.
Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.
Contact Us for Real-time Payments processing
