How FedNow® Alias Works for Instant B2B, C2B, and B2C Payments
What Is FedNow® Alias and How Does It Improve Payments?
FedNow® Alias – Use Email or Cell Phone as
Bank Account for RTP® Payments
Simplifying Digital Payments with FedNow®
Alias
The future of payments is here! Traditional
bank account numbers and routing codes are being replaced with
convenient aliases, allowing businesses and consumers to send and
receive payments using an email address or cell phone number instead
of complex banking details.
🔹 Tired of sharing long account
numbers for payments?
🔹 Struggling with errors when
entering recipient banking details?
🔹 Concerned
about security when sending payments to new contacts?
With FedNow® Alias, businesses and individuals can link an email or phone number to their bank account, ensuring secure and instant payments using RTP® (Real-Time Payments). Plus, the FedNow® Hub automatically filters transactions to route funds to the correct bank account for the payer or payee, whether it's B2B, C2B, or B2C transactions.
💡 Imagine sending a real-time payment just by entering a recipient’s email or phone number, without ever needing their banking details.
TodayPayments.com shows how FedNow® Alias and RTP® revolutionize payments by offering secure, seamless, and alias-based bank transactions.
Attributes of "FedNow Alias" for your business using instant payments
FedNow® Alias is an alternative banking identification system that allows businesses and consumers to use an email address or phone number instead of a traditional bank account number to send and receive payments.
For B2B, C2B, and B2C transactions, this makes payments:
✔ Faster – No need to enter or
verify long banking details.
✔ More Secure –
Reduces fraud risks by eliminating incorrect payments.
✔
Convenient – Easily link multiple bank accounts to different
aliases.
How FedNow® Alias & RTP® Work Together for Instant Transactions
1️⃣ A payer enters an email or
phone number instead of a bank account.
2️⃣
FedNow® Alias Hub filters and verifies the correct bank account
linked to the alias.
3️⃣ RTP® (Real-Time Payments)
processes the transaction instantly.
4️⃣ Funds are
transferred to the payee’s correct bank account.
5️⃣
The transaction is final—no reversals, ensuring certainty of good
funds.
💡 This process eliminates manual errors, enhances security, and simplifies digital payments for businesses and individuals.
Ask Us:
How businesses can use FedNow® Alias for
instant RTP® payments with an email or phone number.
The
benefits of alias-based payments for B2B, C2B, and B2C
transactions using FedNow®.
Secure and instant real-time
payments with FedNow® Alias & RTP® without bank account details.
How the FedNow® Hub filters transactions to ensure payments reach
the correct account.
Why Businesses Should Use FedNow® Alias for Payments
1. No More Entering Long Bank Account Numbers
🚀 With FedNow® Alias, businesses and consumers can send payments using an email or phone number instead of complicated account details.
2. Faster & More Secure Transactions with RTP®
🔒 FedNow® Alias reduces payment
errors, preventing misrouted transactions.
✅ The
FedNow® Hub filters transactions to ensure funds reach the correct
bank account.
3. Works for B2B, C2B, and B2C Transactions
✅ B2B (Business-to-Business):
Suppliers, vendors, and service providers receive instant
payments.
✅ C2B (Customer-to-Business):
Consumers pay businesses securely and conveniently.
✅
B2C (Business-to-Customer): Businesses send payroll,
refunds, and disbursements instantly.
4. Reduces Payment Fraud & Enhances Security
🔒 Using aliases eliminates the
need to share sensitive bank account details.
✅
Transactions are verified through the FedNow® Hub to prevent
errors.
5. 24/7/365 Availability – Payments Anytime, Anywhere
⏰ Unlike ACH or wire transfers, which are subject to banking hours, FedNow® Alias & RTP® enable payments 24/7, even on weekends and holidays.
FedNow® Alias vs. Traditional Payment Methods – Why It’s a Game-Changer
Comparison Table: FedNow® Alias vs. Credit Cards & ACH Transfers
|
Feature |
FedNow® Alias & RTP® (Real-Time Payments) |
Credit Cards |
ACH Transfers |
|
Processing Speed |
Instant (Seconds) |
1-3 Business Days |
1-3 Business Days |
|
Alias-Based Payments |
Yes |
No |
No |
|
Chargebacks Allowed? |
No |
Yes |
Possible Reversals |
|
Transaction Fees |
Low or None |
2-5% |
Varies by Bank |
|
Availability |
24/7/365 |
24/7, but slow settlement |
Business Days Only |
|
Best For |
B2B, C2B, B2C Payments |
Consumer Retail |
Recurring Payments |
💡 Key Takeaway: FedNow® Alias provides a secure, simple, and fast alternative to traditional payments, eliminating chargeback risks and reducing transaction costs.
How to Get Started with FedNow® Alias for Business Payments
Step-by-Step Guide to Enabling Alias-Based Payments
✅ Step 1: Ensure Your Business
Bank Supports FedNow® & RTP®.
✅ Step 2: Register
an Email or Phone Number as Your FedNow® Alias.
✅
Step 3: Enable FedNow® Alias in Your Payment System or Banking
App.
✅ Step 4: Start Sending & Receiving Payments
Using an Alias.
✅ Step 5: Enjoy Instant, Secure,
and Hassle-Free Transactions!
🔹 Once enabled, businesses and individuals can eliminate banking complexities, improve transaction security, and receive instant payments using a simple alias.
Salesy Conclusion: Upgrade to FedNow® Alias & RTP® with TodayPayments.com
💡 Are you still relying on outdated banking methods to process payments? It’s time to simplify your transactions with FedNow® Alias!
Business Owners & Entrepreneurs: Send
and receive payments instantly using an email or phone number
instead of bank details.
Freelancers & Contractors:
Eliminate errors and security risks while ensuring fast payments.
Retailers & Service Providers: Accept real-time customer
payments with no chargebacks.
Banks & Financial Institutions:
Offer your customers the fastest, most secure payment solution
available today.
🔹 With TodayPayments.com, integrating FedNow® Alias & RTP® has never been easier!
🚀 Sign up at TodayPayments.com today and start accepting secure, alias-based transactions!
Creation Request for Payment Bank File
Enhance Your FedNow Alias Payment Requests with FedNow’s ISO 20022 Messaging
Streamline Payments with Advanced Request for Payment Options:
Harness the power of FedNow's Request for Payment system to transform how you manage invoices and remittances. Our platform supports diverse data integration options, allowing payees to incorporate detailed invoice data directly within the RfP message or link to a comprehensive Merchant Page.
Flexible Invoice Details with ISO 20022 Messaging:
Leverage the flexibility of ISO 20022 messaging standards in our RfP system. You can choose to display crucial payment details directly in the message with a concise 140-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website or TodayPayments.com/HostedPaymentPage.html through our seamless integration solution.
Customizable Merchant Pages for Enhanced Customer Experience:
Create a Merchant Page that not only details all the MIDs you own but also presents these options attractively to your customers through the RfP. This customization ensures that whether your payer opts for Real-Time Payment, Same-Day ACH, or Card transactions, they can easily navigate and complete their payments through a simple click on the hyperlink provided on your Merchant Page.
Call us today and receive the .csv or .xml FedNow® or Request for Payment (RfP) file you need—all during your very first phone call! We guarantee that our comprehensive reports integrate flawlessly with your bank or credit union. As pioneers in recognizing the benefits of RequestForPayment.com, we have stayed years ahead of our competitors. Although we are not a bank, our role as an "Accounting System" within the Open Banking ecosystem enables us to work with billers to create effective RfP files that seamlessly upload to the biller's online banking platform. U.S. companies rely on our expertise to learn how to deliver the RfP message directly to their bank with precision.
Our advanced solution, Today Payments' ISO 20022 Payment Initiation (PAIN.013), demonstrates how to create a Real-Time Payments Request for Payment file that sends a clear message from the creditor (payee) to its bank. Most financial institutions support the import of messaging and batch files for both FedNow® and Real-Time Payments (RtP), ensuring smooth processing. Once the file is correctly uploaded, the creditor’s bank processes the payment through a secure "Payment Hub"—with The Clearing House serving as the RtP Hub—and relays the message to the debtor's (payer's) bank. This streamlined approach not only accelerates transaction processing but also enhances transparency and reliability for all parties involved.
... 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.
Contact Us for FedNow Alias payment processing pricing
