Biller's login - Hosted Payments Page
Real-Time Payments Gateway


Real-Time Payment

What is Real-Time Payment

Real-Time Payments is an exciting new service brought about by the Faster Payments Initiative of the FedNow ™ US Federal Reserve providing payments that are instant, final and secure. FedNow, Real-Time Payment 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 and text messaging system connected to every transaction participant through all U.S.-based financial institutions.

Integrating real-time payments as a one-time transaction using The Clearing House (TCH) for RTP (Real-Time Payments) into QuickBooks Enterprise can greatly improve the efficiency of financial operations. Here’s a step-by-step guide on how to set this up and utilize SecureQBPlugin.com for seamless integration:

Steps for Integration

  1. Set Up QuickBooks Enterprise and SecureQBPlugin.com:
    • QuickBooks Enterprise: Ensure QuickBooks Enterprise is set up and configured for your business needs.
    • SecureQBPlugin.com: Register and set up SecureQBPlugin.com to facilitate real-time payments integration with QuickBooks Enterprise.
  2. Configure Real-Time Payments (RTP) through The Clearing House (TCH):
    • TCH RTP Account: Set up an account with The Clearing House for RTP services.
    • Integration with SecureQBPlugin.com: Configure SecureQBPlugin.com to integrate TCH RTP with QuickBooks Enterprise. This involves setting up the necessary APIs and ensuring secure communication between the systems.
  3. Generate and Send One-Time Invoices with RTP:
    • Invoice Creation: Create a one-time invoice in QuickBooks Enterprise.
    • Include RTP Payment Links: SecureQBPlugin.com will automate the inclusion of secure RTP payment links in the invoices.
  4. Sending Invoices:
    • Distribution: Send the invoices to customers via email or SMS. Ensure that the invoices contain the secure RTP payment links.
  5. Customer Payment Process:
    • Receiving Payment: Customers receive the invoice with the RTP payment link and can initiate payment instantly.
    • Real-Time Processing: Payments are processed in real-time through TCH RTP services.
    • Confirmation: Immediate confirmation of payment is sent to both the customer and the business.
  6. Recording and Reconciliation:
    • Automatic Updates: Payments are automatically recorded in QuickBooks Enterprise via SecureQBPlugin.com, ensuring real-time updates to your financial records.
    • Reconciliation: Ensure accurate reconciliation of transactions in QuickBooks Enterprise.

Benefits of Using TCH RTP for One-Time Payments

  1. Speed and Convenience:
    • Instant Payments: Payments are processed instantly, reducing the time it takes to receive funds.
    • Ease of Use: Customers can pay directly from their mobile devices or computers, enhancing the user experience.
  2. Efficiency and Accuracy:
    • Automation: Reduces manual data entry and the likelihood of errors.
    • Real-Time Updates: Ensures up-to-date financial records and immediate payment confirmation.
  3. Enhanced Cash Flow:
    • Immediate Funds: Access funds immediately upon payment, improving cash flow management.
    • Reduced Late Payments: Real-time invoicing and payments can significantly reduce the incidence of late payments.
  4. Cost Savings:
    • Lower Transaction Fees: Real-time payment systems like TCH RTP often have lower transaction fees compared to traditional methods.
    • Reduced Administrative Costs: Automation reduces administrative overhead related to invoicing and payment processing.
  5. Security:
    • Secure Payment Links: Secure payment links protect customer data.
    • Fraud Reduction: Real-time payments reduce the risk of fraud associated with checks or delayed payments.
  6. Customer Satisfaction:
    • Transparent Communication: Real-time invoicing and payment confirmation improve transparency with customers.
    • Enhanced Experience: Quick and easy payment options enhance customer satisfaction and loyalty.

Example Use Case

  1. Domestic One-Time Payment:
    • Create Invoice: Generate a one-time invoice in QuickBooks Enterprise.
    • Send Invoice: Send the invoice via email or SMS with a secure RTP payment link generated by SecureQBPlugin.com.
    • Receive Payment: Customer clicks the link and pays instantly via TCH RTP.
    • Update Records: Payment is recorded in real-time in QuickBooks Enterprise.

Conclusion

Integrating real-time payments for one-time transactions using TCH RTP into QuickBooks Enterprise via SecureQBPlugin.com offers significant benefits. This setup enhances efficiency, security, and compliance while providing a seamless payment experience for customers. By leveraging the speed and reliability of TCH RTP, businesses can streamline their financial operations, improve cash flow management, and enhance customer satisfaction.

Detailed Implementation Steps

  1. Setup SecureQBPlugin.com:
    • Installation: Follow the installation guide provided by SecureQBPlugin.com to install the plugin in your QuickBooks Enterprise system.
    • Configuration: Configure the plugin to connect with your TCH RTP account, ensuring it can handle secure payment links.
  2. Create One-Time Invoices:
    • Invoice Customization: Customize your invoice template in QuickBooks Enterprise to include fields for RTP payment links.
    • Automated Inclusion: Use SecureQBPlugin.com to automate the inclusion of RTP payment links in all generated invoices.
  3. Send and Track Invoices:
    • Email/SMS Distribution: Distribute the one-time invoices via email or SMS, leveraging QuickBooks Enterprise’s integration with your communication tools.
    • Payment Tracking: Track the payment status in real-time through SecureQBPlugin.com, ensuring that every payment is instantly recorded.
  4. Handle Reconciliation:
    • Real-Time Updates: SecureQBPlugin.com will ensure that all payment transactions are recorded in real-time in QuickBooks Enterprise.
    • Reconciliation: Periodically reconcile the transactions to ensure that all payments are accurately reflected in your financial records.

By implementing these steps, you can fully leverage the capabilities of QuickBooks Enterprise and SecureQBPlugin.com to enhance your real-time payment processing, ensuring efficiency, accuracy, and security across all your financial transactions.

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 $500,000.
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 Real-Time Payment 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