Aging RTP Real-Time Payments Request for Payments
How to Aging RTP Real-Time Payments Request for Payments
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:
- Request/ Payment ID:
- Assign a unique identifier to each RTP and corresponding payments.
- Vendor/Requester Name:
- Identify the entity or individual making the payment request.
- Invoice Number:
- Unique identifier for each digital invoice or payment request.
- Amount Requested:
- The total amount requested for payment.
- Payment Amount:
- The actual payment amount.
- Match Status:
- A column to indicate if the payment matches the request (e.g., Yes/No).
- Merge Status:
- A column to indicate if multiple requests have been merged (e.g., Yes/No).
- Clearance Status:
- A column to mark when the payment is cleared.
Spreadsheet Formulas:
- 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:
- Dropdown Lists:
- Implement dropdown lists for the "Match Status," "Merge Status," and "Clearance Status" columns. This ensures consistent and standardized input.
Conditional Formatting:
- Color Coding:
- Apply conditional formatting to visually highlight matched, merged, and cleared payments.
Collaborative Features:
- Sharing and Permissions:
- Share the spreadsheet with payees and grant appropriate permissions to edit relevant columns.
- Comments and Notes:
- Encourage payees to use comments or notes to provide additional information about matching, merging, or clearing.
Workflow:
- Integration with Payment Platform:
- If possible, explore integrations with your real-time payment platform to automatically update the spreadsheet.
- 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 visit—apply 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.".
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.)
Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.