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Recurring Invoice

Recurring Invoice – The New Digital Request for Payment Standard

Recurring Invoice functionality powered by Request for Payment (RfP) is replacing traditional invoicing with real-time digital billing. Through FedNow® and RTP®, merchants can send one-time or recurring invoices directly to customers using ISO 20022 messaging via text, email, or secure dashboard upload—delivering instant payment confirmation and bank-to-bank settlement.

Text Mobile Request for Real-Time Payment

The Digital Invoice Has Arrived

Paper invoices are slow. ACH is delayed. Card processing fees are high. Enter the Recurring Invoice powered by RfP, where you can send a real-time digital invoice to your customer’s mobile device or inbox, and get paid in seconds.

RfPs enable static or variable recurring billing, backed by ISO 20022 structured data. Whether you’re billing monthly subscriptions, utilities, membership dues, or professional services, these invoices are securely transmitted across the RTP® and FedNow® payment rails.

The process is simple:

  • Generate an RfP file (.XLS, .CSV, XML, or ISO 20022)
  • Send the request via dashboard, email, SMS, or Hosted Payment Page
  • Payer clicks to approve
  • Funds are credited in real time—irrevocable and reconciled instantly

Key Features of Recurring Invoice RfPs:

  • Instant invoice delivery and payment response
  • Recurring support: daily, weekly, monthly, or variable
  • Digital format: SMS, email, mobile, or QR code
  • Alias-based billing (cell phone, email address)
  • Complete FedNow® & RTP® compatibility
  • ISO 20022 rich data for reporting, reconciliation, and automation
  • Automatic FedNow® bank reconciliation – free for clients
  • Real-time good funds – no holds, no batch waits
  • Payee gets paid via real-time "credit" (with recurring flow = digital debit)
  • Upload, import, and download RfPs through U.S. financial dashboards

Creating a Recurring Invoice Using RfP Files

Recurring Invoices are created using RfP files formatted in ISO 20022 XML, .CSV, or Excel.

Each RfP file contains:

  • Payer alias (mobile number or email)
  • Amount and due date (fixed or variable)
  • Recurrence rules and end date
  • Payment reference and purpose
  • Payee alias and linked financial account

Once generated, the file is imported into a FedNow®- or RTP®-enabled dashboard and dispatched through a secure channel (text, email, Hosted Page). The payer receives the digital invoice and authorizes payment instantly.

These invoices function just like a digital debit—even though the underlying transaction is a credit—because it is initiated by the payee and approved routinely by the payer, without manual intervention or physical payment devices.

Reconciling and Tracking Recurring Invoices in Real Time

With every approved invoice, FedNow® Bookkeeping tools reconcile the transaction in real time.

Your dashboard will show:

  • Paid vs unpaid invoices
  • Days outstanding (aging buckets)
  • Recurring status and next billing date
  • Return or reject codes with resolution options
  • Downloadable Excel reports for AR, treasury, or tax review
  • Full audit trail for every alias and MID

Clients of TodayPayments.com get this FedNow® reconciliation platform at no cost—ensuring every invoice is matched, confirmed, and closed out with minimal effort.

Implementing recurring invoices, now known as "Request for Payment" (RFP), through various digital communication channels like texting, email, or other digital platforms for ACH, credit cards, FedNow, and RTP payments involves several steps and considerations:

1.     Customer Enrollment: Customers need to opt into the recurring payment service and provide authorization for the ongoing charges. This may involve signing up through the company's website, filling out forms, or providing consent electronically.

2.     Request for Payment (RFP) Generation: The business generates RFPs for recurring invoices, specifying the payment amount, frequency, and duration. This information is typically stored in a billing system or invoicing software.

3.     Communication Channel Selection: Choose the appropriate communication channels for sending RFPs to customers. Options may include text messaging, email, secure messaging platforms, or dedicated customer portals.

4.     Integration with Payment Gateways: Integrate the billing system with payment gateways that support ACH, credit card processing, FedNow, and RTP payments. This allows for seamless payment processing when customers respond to the RFPs.

5.     Personalization and Branding: Customize RFPs with branding elements and personalized messages to enhance customer engagement and recognition. This helps reinforce the company's identity and strengthens the relationship with customers.

6.     Security Measures: Implement robust security measures to protect sensitive customer information and payment data transmitted through digital channels. This includes encryption, secure authentication, and compliance with data protection regulations.

7.     Payment Options: Offer multiple payment options to customers, including ACH transfers, credit card payments, FedNow transfers, and RTP payments. Provide clear instructions on how to complete the payment process through each available method.

8.     Automated Reminders: Set up automated reminders to notify customers of upcoming RFPs and payment due dates. This helps minimize late payments and improves cash flow for the business.

9.     Payment Confirmation: Upon receiving payments, send confirmation notifications to customers to acknowledge successful transactions. This provides reassurance and transparency regarding the payment process.

10.  Reconciliation and Reporting: Maintain accurate records of all RFPs, payments received, and outstanding balances. Reconcile payments regularly and generate reports to monitor payment activity and track revenue.

11.  Customer Support: Offer responsive customer support to address any inquiries or issues related to RFPs, payments, or billing. Provide multiple channels for customers to reach out for assistance, such as phone support, email support, or live chat.

By following these steps and considerations, businesses can effectively implement recurring invoices (RFPs) using digital communication channels for ACH, credit card, FedNow, and RTP payments, streamlining the billing process and improving overall customer satisfaction.

Upgrade to Real-Time Recurring Invoicing with TodayPayments.com

Why wait 3–5 days to get paid?

✅ Send real-time digital invoices using FedNow® and RTP®
✅ Bill by mobile, SMS, email, QR code, or Hosted Page
✅ Track recurring invoices automatically with free reconciliation
✅ Eliminate paper, ACH delays, and card fees
✅ Start now with Excel, CSV, or ISO 20022 RfP file templates

Create and manage Recurring Invoices at https://www.TodayPayments.com
Digital Invoicing. Real-Time Payments. Instant Results.

Features & Benefits

FedNow instant payments has benefits for all parties involved in Financial Transactions.
Benefits to your company include:
Text Mobile Request for Real-Time Payment Money Transfer: Current limit of $1,000,000 ~ FedNow, $10,000,000 ~ RTP.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
It's Fast: 24/7/365 access to funds anytime vs. several days for paper checks or ACH transfers to process.
Request for Payments ( RfP ™): Mobile & Online Real-Time Bill Payments.
Software Integration: Integrate your A/R & A/P Management or Enterprise software with us.
Message Detail: Full 145 characters available using ISO 20022 messaging XML format.
Online Down Payments: Don't use inconvenient and expensive Wires & Cashier's Checks.
Online Real-Time Reporting: Configured Dashboard with Virtual Terminal login.
Reduced calls / emails in the "Purchasing Chain": All parties to a instant payment transaction receive immediately text & email messaging.  The FedNow and RTP Systems enables Participants to initiate credit transfers, receive final and irrevocable settlement for credit transfers, and make available to Receivers funds associated with such credit transfers in real-time, twenty-four (24) hours a day, seven (7) days a week, fifty-two (52) weeks a year. All instant payments are "Credit Push" instead of "Debit Pull."

Creation Request for Payment Bank File

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

... easily create Real-Time 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 Payment Solutions

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


3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Recurring Invoice system.

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

Contact Us for Real-time Payments processing