Aging RTP Real-Time Payments Request for Payments


How to Aging RTP Real-Time Payments Request for Payments

Mobile Request for Payment Aging Real-time Payments RTP is a powerful solution that allows businesses to manage and collect on accounts receivable using instant settlement via Request for Payments (RfP). Integrated with both the RTP® network and FedNow® Service, this system delivers fast, trackable, and automated reconciliation—keeping your receivables up to date across all customer accounts.

Our software helps businesses send RfPs directly to customers through mobile, email, or SMS, allowing for instant real-time payments. With full support for multiple Merchant Identification Numbers (MIDs) across various banks and aliases, you can eliminate delays in aging accounts and process all transactions without ever visiting a bank.

The End of Aging AR Starts with Real-Time RfPs

Managing accounts receivable has traditionally involved delays, data entry, and guesswork. But with real-time Request for Payments, you can trigger instant collections and real-time visibility on your incoming receivables.

Instead of waiting days for ACH or checks to clear, your business can send RfPs that prompt customers to pay immediately—using either RTP® or FedNow® rails. The result is faster cash flow, fewer follow-ups, and accurate reconciliation as payments arrive.

This system also enables you to process payments through multiple U.S. banks using mobile numbers or email addresses as aliases, each linked to a dedicated MID for secure identification.

Features and Benefits of Aging Real-time Payments RTP

Send Real-Time RfPs Across RTP® and FedNow®
Trigger real-time payment requests using ISO 20022 RfPs with embedded hosted payment pages. Customers can click and pay instantly—eliminating unpaid invoices and aging delays.

Alias-Based Merchant IDs for Every Customer Profile
Assign MIDs to email addresses or cell phone numbers for each payer, ensuring secure tracking without revealing sensitive account data.

Multi-Bank and Credit Union Compatibility
Enroll and consolidate your merchant accounts across multiple financial institutions in all 50 states—perfect for franchises, multi-entity brands, and growing startups.

QuickBooks® Online Integration for Instant AR Posting
Sync incoming payments with your accounting software to reflect updated aging buckets in real time. Your CFO, controller, or bookkeeper will love the transparency.

Hosted Payment Page for ISO 20022 Messaging
Every RfP includes a link to a custom branded hosted payment page, so customers can fulfill payment instantly from any device or location.

No Bank Visit Required
Apply, onboard, and begin processing payments online 24/7—no branch visits, no paperwork, and no traditional delays.


Why TodayPayments.com Is the Premier Choice for Real-Time AR

1. Manage aging receivables using real-time RfPs via FedNow® and RTP®
2. Assign alias-based MIDs for multiple payers across your customer list
3. Automate AR reconciliation with QuickBooks® QBO integration
4. Track receivables across all banks, accounts, and business divisions
5. Eliminate follow-ups by using instant RfPs with ISO 20022 support
6. Streamline accounting with real-time payment confirmations and audit trails
7. Enable payments via mobile, SMS, email, or text-to-pay channels


Creating an Aging "RTP" (Real-Time Payments) Request for Payments spreadsheet that allows payees to match, merge, and clear payments involves structuring the spreadsheet for collaboration. Below is a guide on how you can set up your spreadsheet:

Spreadsheet Structure:

  1. Request/ Payment ID:
    • Assign a unique identifier to each RTP and corresponding payments.
  1. Vendor/Requester Name:
    • Identify the entity or individual making the payment request.
  1. Invoice Number:
    • Unique identifier for each digital invoice or payment request.
  1. Amount Requested:
    • The total amount requested for payment.
  1. Payment Amount:
    • The actual payment amount.
  1. Match Status:
    • A column to indicate if the payment matches the request (e.g., Yes/No).
  1. Merge Status:
    • A column to indicate if multiple requests have been merged (e.g., Yes/No).
  1. Clearance Status:
    • A column to mark when the payment is cleared.

Spreadsheet Formulas:

  1. Match Status Formula:
    • Create a formula in the "Match Status" column to automatically determine if the payment matches the request. For example, =IF([Payment Amount]=[Amount Requested], "Yes", "No").

Data Validation:

  1. Dropdown Lists:
    • Implement dropdown lists for the "Match Status," "Merge Status," and "Clearance Status" columns. This ensures consistent and standardized input.

Conditional Formatting:

  1. Color Coding:
    • Apply conditional formatting to visually highlight matched, merged, and cleared payments.

Collaborative Features:

  1. Sharing and Permissions:
    • Share the spreadsheet with payees and grant appropriate permissions to edit relevant columns.
  1. Comments and Notes:
    • Encourage payees to use comments or notes to provide additional information about matching, merging, or clearing.

Workflow:

  1. Integration with Payment Platform:
    • If possible, explore integrations with your real-time payment platform to automatically update the spreadsheet.
  1. Regular Review Meetings:
    • Conduct regular meetings or check-ins between payers and payees to discuss and resolve any discrepancies or issues.

Example Structure:

Request/ Payment ID

Vendor

Invoice Number

Amount Requested

Payment Amount

Match Status

Merge Status

Clearance Status

RTP001

ABC Inc

INV001

$1,000.00

$1,000.00

Yes

No

Yes

RTP002

XYZ Co

INV002

$2,000.00

$1,800.00

No

No

No

RTP003

ABC Inc

INV003

$1,500.00

$1,500.00

Yes

Yes

Yes

Notes:

  • Ensure that the payees are trained on how to use the spreadsheet and understand the matching, merging, and clearing criteria.
  • Regularly update the spreadsheet with the latest information from both your real-time payment platform and payees.
  • Security measures should be in place to protect sensitive financial information.

This collaborative spreadsheet approach allows payees to actively participate in the matching, merging, and clearing of Real-Time Payments Request for Payments within the Accounts Receivable context, promoting transparency and accountability in the process. Customize the structure based on the specific needs and processes of your organization.


Collect Faster and Smarter at TodayPayments.com

If your accounts receivables are still aging by the day, it’s time to modernize your cash flow.

Use Request for Payments (RfPs) to collect in real time
Track, reconcile, and settle instantly using RTP® and FedNow®
Assign MIDs to aliases for secure, flexible payment processing
Consolidate AR across multiple banks and business entities
Sync all payments directly into QuickBooks® for audit-ready reports
Go live without a bank visitapply online in minutes

Get started today at https://www.TodayPayments.com
Aging Real-time Payments RTP – Real-Time RfPs That Keep Your Cash Flow Current.

ACH and both FedNow Instant and Real-Time Payments Request for Payment ISO 20022 XML Message Versions.
The versions that NACHA and The Clearing House Real-Time Payments system for the Response to the Request are pain.013 and pain.014 respectively. Predictability, that the U.S. Federal Reserve, via the FedNow ® Instant Payments, will also use Request for Payment. The ACH, RTP® and FedNow ® versions are "Credit Push Payments" instead of "Debit Pull.".

Reconcile invoices with our Aging RTP Real-Time Payments Request for Payments Solutions


Activation Dynamic RfP Aging and Bank Reconciliation worksheets - only $49 annually

1. Worksheet Automatically Aging for Requests for Payments and Explanations

- Worksheet to determine "Reasons and Rejects Coding" readying for re-sent Payers.
- Use our solution yourself. Stop paying accountant's over $50 an hour. So EASY to USE.
- No "Color Cells to Match Transactions" (You're currently doing this. You won't coloring with our solution).
- One-Sheet for Aging Request for Payments (Merge, Match and Clear over 100,000 transactions in less than 5 minutes!)
- Batch deposits displaying Bank Statements are not used anymore. Real-time Payments are displayed "by transaction".
- Make sure your Bank displaying "Daily FedNow and Real-time Payments" reporting for "Funds Sent and Received". (These banks have Great Reporting.)

2. Bank Reconciliation with as Payee FedNow & Real-Time Payments for Accrual, Cash and Hybrid Basis and QBO - Undeposited Funds

Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.



Contact Us for Request for Payment payment processing