Real-Time Payments Gateway


Variable Recurring Payments


TodayPayments.com is the trusted open banking payments platform for modern U.S. merchants who demand flexible, fast, and recurring real-time payments.
We make it easy to automate variable recurring payment workflows using alias-based invoicing, ISO 20022 smart messages, and batch file uploads — all without relying on a single bank.

Merchants in all 50 states use TodayPayments.com to unlock the power of FedNow® and RTP® networks for real-time funding certainty — across B2B, C2B, and every business model in between.

 

Using Variable Recurring Payments with Open Banking for B2B and C2B Clients

In the era of open banking, real-time payment technology is transforming how businesses handle subscription billing and recurring payments. Instead of relying on legacy ACH transfers and slow bank integrations, merchants can now automate variable recurring payments using mobile-first, alias-based invoicing — powered by the FedNow® Service, RTP® Network, and ISO 20022 messaging.

TodayPayments.com helps merchants leverage open banking to import, batch, and automate real-time payments across credit unions and financial institutions nationwide, delivering real-time credit certainty with every transaction.


Whether you're managing B2B retainers or recurring C2B subscriptions, variable recurring payments (VRPs) allow your business to charge customers flexibly based on usage, schedules, or invoice amounts. With open banking APIs and alias-based digital invoicing, TodayPayments.com makes it seamless to:

  • Bill clients via email, SMS, or mobile link
  • Accept and process real-time payments through FedNow® or RTP®
  • Use alias identifiers such as email addresses or phone numbers for payees and payers
  • Support recurring single payments or batch payment uploads with real-time processing

This is subscription invoicing reimagined for speed, certainty, and total control.

Variable Recurring Payments (VRP) using a Request for Payments (RfP) through Open Banking enables merchants to automatically initiate recurring Payments based on customer consent, with dynamic amounts and frequency. This approach provides real-time Payments processing, enhanced security, and greater transparency, improving both customer control and merchant cash flow.

Import and Upload Batch RTP® and FedNow® Payments to All Credit Unions

Open banking allows businesses to interact with any U.S. bank or credit union — and TodayPayments.com takes that a step further by enabling batch uploads of payment files using standardized messaging and payment formats.

Features include:

  • Upload .Excel, .XML, or .JSON files for batch real-time payments
  • Assign aliases to payers/payees (phone/email) for simplified identity mapping
  • Automate real-time payments with ISO 20022-compliant Request for Payment (RfP) messages
  • Connect to all credit unions and banks nationwide, no restrictions
  • Schedule variable recurring payments in bulk across institutions

Batch upload meets real-time speed — all without stepping foot in a branch.


Why Variable Recurring Payments + Open Banking = Ultimate Control

TodayPayments.com gives you more than just a payment processor. You get a full-featured automation platform designed for flexible recurring billing, smart reconciliation, and alias-based security.

What You Get:

  • Alias-based payments using phone numbers or email addresses
  • Recurring subscriptions with variable billing amounts
  • Real-time fund settlement through FedNow® and RTP®
  • All file formats supported: Excel, XML, JSON
  • Mobile invoicing, SMS reminders, and email links
  • 100% ISO 20022 RfP compliance for smart messaging
  • 24/7 merchant account setup – no bank visit needed
  • QuickBooks® QBO integration for clean reconciliation

Variable Recurring Payments (VRPs) using a Request for Payments (RfP) integrated with FedNow and Real-Time Payments (RtP) within the framework of Open Banking offer a highly efficient, secure, and dynamic system for managing recurring Payments. Here are the key attributes of this solution:

1. Instantaneous Payments Settlement:

  • FedNow and Real-Time Payments (RtP) provide real-time settlement, meaning that Payments are completed instantly or within seconds, 24/7.
  • This real-time capability ensures that merchants receive funds immediately and payers see the immediate deduction from their accounts, improving cash flow management for both parties.

2. Consent-Based Recurring Payments:

  • Like traditional VRP under Open Banking, customers provide explicit consent for recurring Payments. This consent includes parameters like the maximum Payments amount, frequency, and validity period.
  • The customer controls how and when recurring Payments are made, and they can modify or revoke this consent at any time.

3. Request for Payments (RfP) Integration:

  • RfP acts as a trigger for VRP Payments. Merchants or service providers can send a Request for Payments to the payer, who has already pre-authorized recurring Payments, meaning Payments can be automatically initiated as long as they stay within agreed terms.
  • RfP enhances the automation of Payments and reduces friction, as the payer does not need to take manual action for each recurring Payments after the initial consent.

4. FedNow/RtP Infrastructure:

  • Both FedNow and Real-Time Payments (RtP) are infrastructure layers that support immediate and secure settlement of transactions.
  • These systems ensure that Payments are final, irrevocable, and immediate, reducing the settlement risk and improving the reliability of recurring Payments compared to slower systems like Automated Clearing House (ACH).

5. Flexibility of Payments:

  • VRP via FedNow/RtP provides a high degree of flexibility. Payments can be variable in amount and frequency based on the customer's agreement with the merchant.
  • This is ideal for use cases where Payments are not fixed (e.g., utility bills, ride-sharing services, or pay-as-you-go subscriptions).

6. Cost-Effectiveness:

  • Both FedNow and RtP offer lower transaction fees compared to traditional card networks, making VRP + RfP an attractive option for merchants, especially in scenarios that involve frequent Payments, such as subscriptions or bills.
  • By eliminating intermediaries like card networks and ACH systems, costs are reduced for both merchants and customers.

7. Strong Customer Authentication (SCA) and Security:

  • Payments through Open Banking, FedNow, and RtP are subject to Strong Customer Authentication (SCA) to ensure security.
  • Although VRPs automate the Payments process, the initial consent involves robust security protocols, and transactions are protected by multi-factor authentication.
  • The use of tokenization and encrypted Payments requests also ensures that sensitive data is not exposed during the transaction.

8. Instant Notification and Transparency:

  • Payers and payees are notified immediately upon Payments completion via instant alerts. This ensures transparency, allowing both parties to keep track of their financial activities in real-time.
  • Customers can access their Payments history and modify or revoke permissions, giving them complete control over the recurring Payments.

9. Dynamic and Usage-Based Payments:

  • VRPs using FedNow and RtP support dynamic recurring Payments, where the amount can change based on the customer’s usage (e.g., utilities, tolls, or ride services).
  • This is particularly beneficial for businesses that do not have fixed Payments cycles, providing flexibility for both the merchant and the customer.

10. 24/7 Availability:

  • Both FedNow and Real-Time Payments systems are operational 24/7/365, meaning that Payments can be processed at any time, unlike systems such as ACH that are limited to business hours.
  • This always-on availability is crucial for recurring Payments, ensuring there are no delays due to banking hours.

11. Improved Cash Flow for Merchants:

  • With real-time settlement provided by FedNow/RtP, businesses experience immediate liquidity without waiting for batch settlements or delayed clearing processes.
  • This is a significant improvement for businesses relying on quick access to funds for operational efficiency.

12. Regulatory Compliance and Consumer Protection:

  • VRP and RfP systems using Open Banking with FedNow/RtP comply with regulations such as PSD2 (for European markets) or the Federal Reserve’s guidelines for real-time Payments.
  • These systems offer robust consumer protection, ensuring that the customer's consent is required before any Payments, and they have the right to revoke it at any time.

13. Support for Multiple Use Cases:

  • Subscription services: Automated recurring Payments for media, software, and other subscription-based models.
  • Utility Payments: VRPs can be tailored for variable recurring charges, such as energy or water usage bills.
  • Loan rePayments: Flexible loan Payments, especially for businesses, based on real-time rePayments schedules.
  • Pay-as-you-go services: Ideal for transportation, ridesharing, or tolls where Payments amounts fluctuate depending on usage.

14. Reduced Payments Failures:

  • With real-time confirmation and availability of funds, the risk of Payments failures or delays is greatly reduced compared to traditional methods.
  • No need for manual intervention: VRPs ensure that Payments happen automatically without manual steps from either the customer or merchant, provided the conditions are met.

15. Simplified Merchant Integration:

  • Merchants can easily integrate with FedNow/RtP systems and Open Banking APIs to offer VRP services, reducing the complexity of managing recurring Payments.
  • The integration with APIs allows businesses to have real-time visibility into their transactions, making it easier to reconcile Payments and reduce administrative overhead.

By combining VRP with RfP through FedNow and RtP, businesses and customers experience a frictionless, real-time, secure, and flexible recurring Payments system, perfectly suited to meet the demands of modern financial ecosystems. The instant nature of these systems, combined with consent-based automation and high security, offers a next-generation solution for recurring Payments.

Real-Time Variable Payments Start Now

If your current recurring billing process is manual, slow, or locked into outdated banking systems — it’s time for an upgrade.

TodayPayments.com lets you manage recurring subscription payments using aliases, mobile invoicing, and batch uploads — all powered by open banking.
Send FedNow® or RTP® payments in seconds. Upload files. Bill by email or SMS. Get paid instantly.

👉 Visit TodayPayments.com to enroll now and bring real-time, flexible recurring billing to your business — with zero delays and 100% certainty.

 

Creation Request for Payments Bank File

Call us, the .csv and or .xml FedNow or Request for Payments (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 RequestForPayments.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 Payments 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 Payments Initiation (PAIN .013) shows how to implement Create Real-Time Payments Request for Payments 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 "Payments Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank. Request for Payments

... easily create Instant 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.

Pricing with our Request For Payments Professionals

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 1) Free ISO 20022 Request for Payments File Formats, for FedNow and Real-Time Payments .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 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 Payments Methods on "Hosted Payments Page" (Request for file with an HTML link per transaction to "Hosted Payments Page" with ancillary Payments methods of FedNow, Real-Time Payments, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file, with a $25 maximum,


3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payments using our VariableRecurringPayments.com system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payments 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 Payments solutions like ours.


Contact Us for VariableRecurringPayments.com Payments processing