Mobile phone texting to pay
What is Mobile phone texting to pay
FedNow and Real-Time instant payments, are defined simply as: Irrevocably collected funds in a bank account and usable immediately by the owner of the account. Our "Good Funds" payment gateway allows for instant real-time digital payments that are immediate, irrevocable, intra-bank and/or interbank account-to-account (A2A) transfers that utilize a real-time messaging system connected to every transaction participant through all U.S.-based financial institutions.
Paying via text message with FedNow instant and Real-Time Payments would involve utilizing a service or app that integrates with the FedNow system. Here's a simplified step-by-step guide on how this process might work:
1. Registration: You would first need to register with a financial institution or service provider that supports FedNow instant payments. During the registration process, you may link your mobile phone number to your bank account or a digital wallet.
2. Linking Bank Account: If you haven't already linked your bank account, you would need to provide the necessary information to connect your account to the payment service.
3. Authentication: For security purposes, the service might require you to authenticate your identity through various means such as two-factor authentication, biometric verification, or a secure PIN.
4. Sending a Payment Request: To initiate a payment via text message, you would compose a text including the recipient's mobile phone number, the amount you wish to send, and any accompanying message or reference.
5. Confirmation: After sending the payment request, you would receive a confirmation message indicating that the payment request has been received and is being processed.
6. Recipient Notification: The recipient would receive a notification via text message informing them of the incoming payment and providing instructions on how to claim or accept it.
7. Funds Transfer: Once the recipient accepts the payment, the funds would be transferred instantly from your account to theirs through the FedNow system.
8. Confirmation of Transfer: Both you and the recipient would receive confirmation messages confirming the successful transfer of funds.
It's important to note that the actual process may vary depending on the specific financial institution or service provider you are using, as well as any additional features or security measures they have implemented. Additionally, ensuring the security of your financial transactions is paramount, so always use trusted and secure payment services.
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.
... 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.
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 data for completed 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. If Merchants has created an existing A/R 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.
Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee, Additional Payment Method 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) Payer Routing Transit and Deposit Account Number is NOT required to import with your bank. We add your URI for each separate Payer transaction.
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 Request For Payment payment processing
