On-Demand Payments Using Request for Payment (RfP) for Subscription, Renewal, and Ongoing Services

Key Attributes of RfP-Based Recurring On-Demand Payments

Recurring Subscription On-Time On-Demand Payment Using FedNow and Real-Time Payments for Delivery of Services and Products via POS, E-commerce, or MOTO

Implementing recurring subscription on-time on-demand payments using FedNow Digital Service and Real-Time Payments (RTP) for the delivery of services and products via Point of Sale (POS) systems, E-commerce platforms, or Mail Order/Telephone Order (MOTO) systems offers significant advantages. Here are the key features and benefits:

Features

1. Automated Recurring Payments:
   • Set up automated recurring payments that are processed on-time, ensuring consistent and timely payments for subscription-based services.
2. Instant Payment Settlement:
   • Payments are settled instantly, ensuring immediate availability of funds upon each subscription cycle.
3. 24/7 Payment Capability:
   • Payments can be processed at any time, including weekends and holidays, providing continuous cash flow and operational flexibility.
4. Real-Time Payment Confirmation:
   • Immediate confirmation of payment for both merchants and customers, ensuring transparency and assurance that the transaction is complete.
5. Enhanced Security:
   • Advanced security measures protect against fraud and unauthorized transactions, ensuring safe and secure payment processing.
6. Integration with Financial Systems:
   • Seamless integration with financial management systems, such as QuickBooks Online (QBO), for automatic tracking, categorization, and reconciliation of payments.
7. Support for Multiple Payment Channels:
   • Flexibility to accept payments through various methods, including bank transfers, digital wallets, and other real-time payment methods.

Benefits

1. Improved Cash Flow Management:
   • Instant access to funds enhances cash flow management, allowing businesses to utilize incoming payments immediately.
2. Consistency in Payments:
   • Automated recurring payments ensure consistent and timely payments, reducing the risk of missed or late payments.
3. Reduced Payment Risks:
   • Ensures that payments are received on-time, reducing the risk of non-payment or delayed payment.
4. Increased Trust and Reliability:
   • Real-time payments build trust between merchants and customers by providing immediate and transparent payment processing.
5. Enhanced Customer Experience:
   • Customers benefit from the convenience and assurance of instant, on-time payments for their subscriptions, improving overall satisfaction.
6. Operational Efficiency:
   • Automated integration with accounting systems like QBO reduces the administrative burden of manual data entry and reconciliation, increasing operational efficiency.
7. Cost Savings:
   • Minimizes costs associated with payment delays, chargebacks, and collections.
8. Compliance with Payment Standards:
   • Adheres to modern payment standards and regulations, ensuring compliance and reducing regulatory risks.
9. Competitive Advantage:
   • Offering recurring on-time on-demand payment options can differentiate a business from competitors, attracting more customers who value convenience and reliability.

Applications in Different Channels

Point of Sale (POS) Systems

1. In-Store Subscriptions:
   • Automated recurring payments for in-store subscription services, ensuring timely and consistent revenue.
   • Payments are automatically recorded and reconciled in QBO, providing real-time financial updates.
2. Mobile POS:
   • Payments processed through mobile POS devices for subscription services during deliveries or off-site transactions ensure immediate settlement and confirmation.
   • Real-time reconciliation in QBO ensures accurate and up-to-date financial records.

E-commerce Platforms

1. Online Subscriptions:
   • Customers can subscribe to services or products online with automated recurring payments, reducing churn and improving the checkout experience.
   • Automated reconciliation in QBO ensures that online subscription payments are accurately recorded and tracked.
2. Digital Services:
   • Ideal for digital services where recurring payments can be set up for seamless service delivery and access.
   • QBO integration allows for easy tracking and management of digital service revenue.

Mail Order/Telephone Order (MOTO) Systems

1. Remote Subscriptions:
   • Customers can subscribe to services over the phone or via mail, with real-time processing ensuring immediate settlement upon each subscription cycle.
   • Payments are seamlessly integrated and reconciled in QBO, streamlining financial management.
2. Service-Based Subscriptions:
   • Ideal for service providers who offer subscription-based services remotely, ensuring that funds are available immediately upon each subscription renewal.
   • Real-time integration with QBO allows for efficient tracking and reporting of subscription income.

Conclusion

Get Paid Automatically After Every Subscription Renewal with TodayPayments.com

Forget waiting for credit card settlements or ACH batches. With TodayPayments.com, your business can trigger real-time On-Demand Payments using RfP the moment a subscription renews or a service is delivered.

Whether you're billing monthly, weekly, or on usage—you get:

✅ Instant FedNow® or RTP® payments
✅ ISO 20022 RfP automation
✅ Seamless integration with QBO and CRM tools
✅ Chargeback-proof revenue flow

Start collecting subscription payments as soon as your product or service is delivered—and get paid instantly, every time.

Try it now at www.TodayPayments.com — Because Real-Time Service Deserves Real-Time Revenue™