Real-Time Invoices and VRP Using RTP® and FedNow® for Services & Goods Industries

Itemized Parameters, Attributes, Features & Benefits

1. Instant Settlement with Irrevocable Good Funds

RTP® and FedNow® process payments in real time, ensuring that funds are:

• Delivered instantly
• Final and non-reversible
• Available 24/7/365

“Real-Time Invoices powered by RTP® and FedNow® eliminate payment lag, ensuring good funds in seconds—no ACH cutoffs or chargeback delays.”

2. Flexible VRP for All Billing Cycles

Variable Recurring Payments allow:

• Dynamic invoice amounts
• Scheduled or on-demand billing
• Monthly, weekly, or usage-based invoicing

“VRP allows service providers and merchants to bill customers dynamically—perfect for usage-based pricing, memberships, or irregular billing cycles.”

3. Compatible Across All Goods and Services Industries

Perfect for:

• SaaS & Subscriptions
• Healthcare & Medical Billing
• Legal, Accounting, and Consulting
• eCommerce & Logistics
• Contractors, Trades, and Field Services

“Real-Time Invoices and VRP work for any business that sends bills—whether it's a single invoice or thousands per day.”

4. Request for Payment (RfP™) and Hosted Pages

Merchants send RfP™ links embedded in:

• Email invoices
• Text messages
• QR codes
• Ecommerce portals

Each RfP connects to a secure, mobile-optimized hosted payment page.

“Send an RfP via email or text and receive good funds in seconds through a frictionless, hosted checkout experience.”

5. ISO 20022 Messaging for Structured Data

Each payment includes:

• Invoice ID
• Payment amount and timestamp
• Customer reference
• Payment type (VRP, one-time, etc.)
• Reconciliation metadata

“ISO 20022 ensures every transaction includes rich data, making automation and compliance effortless.”

6. Batch Uploads with Excel, XML, or JSON

Perfect for AR departments handling:

• Recurring payment runs
• Bulk invoicing
• High-volume VRP setups

Supported formats:

• .xlsx (Excel)
• .xml (ISO 20022)
• .json (programmatic/API-based)

“Upload Real-Time Invoices and VRP schedules in bulk and process payments at scale—no development required.”

7. Multi-Channel Invoicing and Mobile Payment Support

Accept payments through:

• SMS and mobile links
• Email and desktop invoicing
• POS and MOTO
• Embedded ecommerce checkout

“Whether your customer is on the go or at their desk, real-time payments ensure the invoice gets paid—instantly.”

8. Automatic AR Ledger Reconciliation

Once paid:

• Invoices are marked as closed
• Payment metadata is logged
• Reports update in real time
• Refunds and VRP adjustments are tracked

“No more manual reconciliation—payments update your records automatically with every Real-Time Invoice and VRP transaction.”

Why Real-Time Invoices and VRP Are Ideal for Services & Goods Businesses

• Flexible billing with usage-based or dynamic totals
• Instant funds improve cash flow and reduce DSO
• Perfect for subscriptions, memberships, or variable pricing models
• No ACH wait times, credit card holds, or NSF returns
• Batch support for scalability and ERP integration
• Smart metadata using ISO 20022 compliance
• Mobile-ready invoicing and hosted checkout pages
• Works across all industries and verticals

Ask us How:

• "Real-Time Invoices and Variable Recurring Payments (VRP) using FedNow® and RTP® enable instant settlement and cash flow certainty for all industries."
• "Service providers and subscription businesses can use VRP with ISO 20022 to bill clients with flexible, usage-based invoices that settle in real time."
• "Upload Real-Time Invoice batches via Excel, XML, or JSON and initiate dynamic VRP billing schedules for thousands of customers at once."
• "TodayPayments.com provides hosted RfP™ pages that accept real-time payments via email, text, mobile, or ecommerce platforms."
• "Using A2A payment rails like FedNow® and RTP®, Real-Time Invoices ensure good funds are received in seconds—fully compliant with ISO 20022 specifications."

Both subscription-based recurring digital real-time invoices and batch file processing provide significant benefits to billers, ensuring payment certainty and improving overall efficiency. These methods offer flexibility and convenience, allowing billers to manage their cash flow effectively and streamline their billing processes. Here's an overview of how these methods work and their benefits:

Subscription-Based Recurring Digital Real-Time Invoices

Benefits:

1. Payment Certainty:
   • Regular Payments: Recurring invoices ensure that payments are made on a regular schedule, reducing the risk of missed or late payments.
   • Immediate Confirmation: Real-time payments provide instant confirmation, ensuring funds are available immediately.
2. Convenience and Automation:
   • Automated Billing: Recurring invoices are generated and sent automatically, reducing manual effort and the potential for errors.
   • Customer Convenience: Customers can set up automatic payments, ensuring their subscriptions are always paid on time.
3. Enhanced Cash Flow Management:
   • Predictable Revenue: Regular payments provide predictable cash flow, helping businesses plan and manage their finances more effectively.
   • Reduced Collection Efforts: Automated payments reduce the need for collection efforts and follow-ups.
4. Improved Customer Experience:
   • Seamless Payments: Customers enjoy a seamless payment experience, with no need to manually pay invoices each billing cycle.
   • Multiple Payment Options: Customers can choose from various payment methods, including bank transfers, credit cards, or digital wallets.

How It Works:

1. Invoice Setup:
   • Recurring Invoice Creation: Set up recurring invoices in QuickBooks, specifying the billing frequency (e.g., monthly, quarterly).
   • Request for Payment (RfP): Include an RfP link in the invoice, allowing customers to set up automatic real-time payments.
2. Customer Payment:
   • Automatic Payment Setup: Customers configure their payment method for automatic real-time payments.
   • Real-Time Processing: Payments are processed in real-time on the scheduled dates, with funds transferred immediately.
3. Payment Confirmation and Reconciliation:
   • Instant Confirmation: Both the biller and the customer receive immediate confirmation of payment.
   • Automated Reconciliation: Payments are automatically reconciled in QuickBooks, ensuring accurate financial records.

Batch File Processing for Digital Real-Time Payments

Benefits:

1. Payment Certainty:
   • Bulk Payments: Batch processing allows multiple payments to be processed simultaneously, ensuring timely and efficient transactions.
   • Immediate Confirmation: Real-time payments within batches provide instant confirmation, ensuring funds are available immediately.
2. Efficiency and Scalability:
   • Time Savings: Processing payments in batches saves time compared to handling individual transactions.
   • Scalability: Batch processing can handle large volumes of transactions, making it ideal for businesses with high transaction volumes.
3. Enhanced Cash Flow Management:
   • Bulk Reconciliation: Payments within batches are reconciled automatically, improving cash flow visibility and management.
   • Reduced Administrative Burden: Batch processing reduces the manual effort required for payment processing and reconciliation.
4. Improved Customer Experience:
   • Seamless Payments: Customers receive timely and accurate payments, enhancing their overall experience.
   • Multiple Payment Options: Supports various payment methods, providing flexibility to customers.

How It Works:

1. Batch File Creation:
   • Generate Batch Files: Create batch files containing multiple payment instructions using QuickBooks or other accounting software.
   • Request for Payment (RfP): Include RfP details for each transaction within the batch file.
2. Payment Processing:
   • Batch Submission: Submit the batch file to the bank or payment processor for real-time processing.
   • Real-Time Transactions: Payments within the batch are processed in real-time, with funds transferred immediately.
3. Payment Confirmation and Reconciliation:
   • Instant Confirmation: Receive immediate confirmation for each payment within the batch.
   • Automated Reconciliation: Payments are automatically reconciled in QuickBooks, ensuring accurate financial records.

Integration with QuickBooks and SecureQBPlugin.com

Using SecureQBPlugin.com to integrate QuickBooks with FedNow and RTP enhances the benefits of both subscription-based recurring invoices and batch file processing:

1. Seamless Integration:
   • Automated Invoicing and Batch Processing: QuickBooks can generate and send recurring invoices and batch files automatically.
   • Real-Time Payment Processing: Payments are processed and recorded in QuickBooks in real-time.
2. Enhanced Financial Management:
   • Real-Time Cash Flow Updates: QuickBooks reflects real-time payment updates, providing better visibility and management of cash flow.
   • Reduced Administrative Burden: Automation reduces manual entry and minimizes errors, streamlining financial management.
3. Security and Compliance:
   • Secure Transactions: Ensures all transactions are secure and compliant with regulatory standards.
   • Data Integrity: Real-time data synchronization maintains the integrity and accuracy of financial records.

By leveraging QuickBooks for both subscription-based recurring digital real-time invoices and batch file processing, billers can achieve greater payment certainty, enhance cash flow management, and improve operational efficiency, providing a better experience for their customers.

Real-Time Invoices + VRP = Smarter Payments for Smarter Businesses

No matter your industry—retail, services, healthcare, SaaS, or consulting—you need a payment solution that’s fast, flexible, and fail-proof. At TodayPayments.com, we deliver Real-Time Invoicing and Variable Recurring Payments through FedNow® and RTP®, so you can bill dynamically, collect instantly, and reconcile automatically.

- Automate batch invoicing
- Send mobile-ready RfP™ links
- Improve cash flow across all service lines

👉 Get started today at https://www.TodayPayments.com and transform how you invoice, bill, and get paid—real-time, every time.