Enhance Payment Security with Upfront Deposit Solutions

FedNow® for Earnest Deposits: Real-Time, Secure Payments

Earnest Deposit: Secure and Instant Transactions with FedNow®, QuickBooks® (QBO), and RTP®

The FedNow® Service provides instant, 24/7 settlement of earnest money deposits (EMD), ensuring buyers can securely submit funds for real estate transactions. With FedNow® Request for Payment (RfP), sellers and escrow agents can request deposits in real-time, reducing fraud risks and eliminating wire transfer delays.

✅ Instant Funding – Deposits clear within seconds, no waiting for bank processing.
✅ Secure Transactions – FedNow® is regulated by the U.S. Federal Reserve, ensuring safety.
✅ Available 24/7/365 – Make deposits anytime, including weekends and holidays.

💡 Why Use FedNow® for Earnest Deposits?

• Reduces payment delays, preventing transaction disputes.
• Helps realtors and escrow companies track payments instantly.
• Provides a fraud-resistant alternative to wire transfers.

For real estate agents, property managers, and escrow companies, QuickBooks® (QBO) simplifies earnest deposit tracking by integrating with FedNow® and RTP® (Real-Time Payments).

✅ Automated Deposit Requests – Generate an invoice and use Request for Payment (RfP).
✅ Real-Time Transaction Logging – Payments auto-sync into QuickBooks® Online (QBO).
✅ Error-Free Reconciliation – Instantly matches deposits with buyers, reducing manual entry.

💡 How to Process Earnest Deposits in QuickBooks®?
1️⃣ Create an invoice in QuickBooks® (QBO) for the earnest deposit.
2️⃣ Enable FedNow® or RTP® for real-time deposit transfers.
3️⃣ Track and reconcile transactions automatically in QuickBooks®.

The RTP® (Real-Time Payments) network, operated by The Clearing House (TCH), is another instant payment solution for earnest money deposits. Buyers can transfer funds in seconds, ensuring sellers and escrow agents receive confirmation without delays.

✅ Funds Clear Instantly – No more waiting for ACH transfers.
✅ Eliminates Fraud Risks – Avoids fake checks and chargebacks.
✅ Ideal for High-Value Transactions – Used for real estate closings and business transactions.

💡 FedNow® vs. RTP® for Earnest Deposits – Which is Better?

Feature	FedNow®	RTP® (Real-Time Payments)	ACH/Wire
Speed	Instant (24/7)	Instant (24/7)	1-3 Days
Request to Pay	✅ Yes	✅ Yes	❌ No
Bank Availability	24/7	24/7	Business Hours
Best For	Earnest Deposits, B2B, P2P	Large Transactions, B2B	High-Value Transactions

Final Thoughts: Secure Your Earnest Deposit with FedNow®, QuickBooks® & RTP®

📌 Use FedNow® or RTP® for instant earnest deposits—no delays, no fraud risks.
📌 Manage deposits seamlessly with QuickBooks® (QBO) for automated tracking.
📌 Secure your real estate transactions with the fastest, safest payment technology.

💳 Get started with instant, secure earnest deposits today! 🚀

Creation Request for Payment Bank File

Enhance Your Earnest Deposit 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.