FedNow Batch

Your payment needs aren't one-size-fits-all—and your technology shouldn’t be either. Our flexible payment infrastructure enables:

• 🌀 Recurring RfPs with automatic intervals
• 💸 One-time payment requests with full remittance
• 📦 Batch uploads of 10, 100, or 100,000 payments at once

Each RfP is transmitted to the receiving credit union with structured messaging that ensures real-time credit to the recipient and full payment traceability.

Supported formats include:

• .Excel — Easy-to-manage, ideal for accounting teams
• .XML — Core banking system compatibility
• .JSON — Built for web and API-based integrations

Whether B2B, C2B, or subscription-based—you maintain certainty and control across every transaction.

Mobile, Text, and Digital Invoicing for Instant RfP Delivery

With TodayPayments.com, you can deliver Request for Payment (RfP) notifications directly to customers and partners via:

• 📲 Mobile alerts
• 💬 SMS text links
• 📧 Digital invoicing with one-click approval

Each interaction includes embedded ISO 20022-compliant remittance detail, so recipients can see what they’re paying for and your team can reconcile the payment instantly—no follow-up needed.

✅ Instant acknowledgment
✅ Clear invoice reference
✅ Seamless payment approval
✅ Certainty of funding for every RfP

To import, upload, and download a batch of files for FedNow instant real-time payments transactions, you would typically follow a process outlined by the FedNow Service or the financial institution providing the service. Here's a general overview of the steps involved:

1.     Prepare Transaction Data: Organize the transaction data you want to process into a format compatible with the FedNow Service. This could involve formatting data according to specific file formats such as CSV, XML, or JSON, depending on the requirements of the service provider.

2.     Batch Creation: Create a batch file containing the transaction data. This batch file may include multiple transactions that need to be processed together.

3.     Upload Batch File: Access the appropriate interface provided by the FedNow Service or your financial institution to upload the batch file. This interface could be a web portal, API, or another method specified by the service provider.

4.     Validation and Processing: After uploading the batch file, the FedNow Service or your financial institution will validate the data to ensure it meets the necessary criteria and standards. If the data passes validation, the transactions will be processed in real-time.

5.     Confirmation and Notifications: Once the transactions are processed, you may receive confirmation and notifications regarding the status of each transaction. This could include details such as transaction IDs, timestamps, and confirmation of successful processing.

6.     Download Reports: After the transactions are processed, you may have the option to download reports or transaction logs for record-keeping and reconciliation purposes. These reports may contain details of the transactions processed, including any associated fees, timestamps, and other relevant information.

7.     Data Processing Systems: Real-time bank feeds require sophisticated data processing systems that can handle large volumes of transactions and updates instantly. Banks need to ensure that their systems are capable of processing data in real-time.

8.     Integration with Banking Systems: Banks must integrate their systems with FedNow formats to provide real-time feeds. This may involve implementing APIs (Application Programming Interfaces) or other integration methods to facilitate instant data exchange.

9.     Security and Compliance: Banks need to ensure that real-time bank feeds comply with regulatory requirements and security standards. This includes implementing encryption, authentication, and other security measures to protect sensitive financial information.

It's important to note that the specific steps and procedures may vary depending on the implementation of the FedNow Service by your financial institution and any additional requirements or guidelines provided by the service provider. Therefore, it's recommended to consult the documentation or support resources provided by your financial institution or the FedNow Service for detailed instructions tailored to your specific use case.