Importing Request for Payment File

Key Features of Importing Request for Payment File

ISO 20022-Compliant File Formatting
Create and upload RfP files formatted to ISO 20022 standards for compatibility with RTP® and FedNow® rails, ensuring regulatory consistency and global messaging support.

Bulk Uploads and Scheduled File Imports
Upload multiple RfPs at once and schedule recurring imports for recurring invoicing cycles. Save time and automate billing across all customer types.

Alias-Based MID Management for Customer Matching
Assign MIDs to email addresses or phone numbers for every payer, allowing the system to reconcile each real-time transaction correctly—no matter the bank.

FedNow® and RTP® Real-Time Rail Integration
Once files are uploaded, your system triggers RfPs across either FedNow® or RTP®, depending on bank compatibility—ensuring 24/7 real-time settlement and AR visibility.

Bank-Agnostic Uploads Across All 50 States
Upload and download files that interact with accounts across multiple U.S. financial institutions—ideal for franchises, distributed teams, or national operations.

Hosted Payment Page with Every RfP
Each imported RfP includes a hosted payment page link, making it easy for customers to click and complete payment securely via mobile or desktop.

QuickBooks® Online Reconciliation
Payments triggered by file uploads are automatically matched to invoices and synced into QuickBooks® QBO for full accounting transparency.

Why Businesses Choose TodayPayments.com for RfP File Uploads

1. Real-time FedNow® and RTP® transaction routing based on file imports
2. Multi-alias support for up to 100+ phone/email MIDs across banks
3. Structured ISO 20022 message formatting for uploads and responses
4. Instant onboarding—no bank visit required
5. Nationwide support for every merchant type, including high-risk
6. Integrated hosted payment pages with tracking and confirmation
7. Secure dashboard to manage uploads, downloads, and batch status

Importing a Real-Time Payment (RTP) file into your financial institution's dashboard typically involves uploading a file containing payment instructions in a format compatible with your institution’s payment processing system. Many financial institutions support ISO 20022 XML, CSV, JSON, or other formats, depending on their internal systems. Below is a guide to help you import a Real-Time Payment file through your financial institution’s dashboard.

Step-by-Step Guide to Import Real-Time Payment File into Financial Institution’s Dashboard

1. Obtain the Real-Time Payment (RTP) File

You need to first generate or receive the Real-Time Payment file from the payer or payment requestor. The file should be in a format that is supported by your financial institution, typically:

• ISO 20022 XML: Used widely in real-time payment systems like FedNow, SEPA, and SWIFT.
• CSV: Simple format that some financial systems support.
• JSON: Often used in API-based transactions and modern financial platforms.
• XML (Non-ISO 20022): A more flexible XML format.

Ensure that the file contains the correct payment details, including:

• Transaction ID
• Sender and Receiver Information
• Amount
• Currency
• Date
• Payment Reference

2. Log Into Your Financial Institution’s Dashboard

• Open your financial institution’s online banking or payment processing portal.
• Make sure that you have the appropriate permissions to upload files (this may require admin or finance-level access).

3. Navigate to the Payment or File Upload Section

• In most banking or payment dashboards, you’ll find an option under Payments, Transfers, or File Upload for uploading payment files.
• Look for labels like Real-Time Payments, FedNow, Immediate Payments, or ISO 20022.

4. Upload the Real-Time Payment (RTP) File

For ISO 20022 XML Format:

• Select the ISO 20022 XML option from the available formats.
• Browse your local system and select the XML file to upload.
• Some systems may validate the XML schema (pain.001 for payments or pain.013 for payment requests), so make sure your file adheres to the required structure.

For CSV Format:

• If the platform accepts CSV files, ensure your CSV file is formatted properly with the required fields (Transaction ID, Sender, Receiver, Amount, Date, etc.).
• Upload the file by selecting CSV as the file type.
• In some cases, you may need to map the fields in the CSV to the corresponding fields in the dashboard.

For XML (Non-ISO 20022) Format:

• Choose XML as the file format if your system supports it.
• Make sure the XML file structure is compatible with your institution's schema.
• Upload the file using the file upload section of the dashboard.

For JSON Format:

• If your financial institution uses API-based platforms or modern web interfaces, they may allow JSON file uploads.
• Choose JSON from the list of accepted formats, and upload your JSON file.

5. Validate and Review the Upload

After uploading the RTP file:

• Validation: Many systems will run a validation check to ensure that the data in the file is correct and adheres to the schema expected by the institution.
• Errors: If there are any errors (e.g., invalid account numbers, currency mismatches, incorrect formatting), the system will provide feedback, and you will need to correct and re-upload the file.

6. Review Payment Details

Once the file is validated:

• Review the payment details such as Amount, Sender, Receiver, and Reference information to ensure everything is correct.
• If your system allows batch payments, make sure all payments are accounted for.

7. Confirm the Import

After confirming that the data in the file is accurate:

• Submit the import request.
• Your financial institution’s system will process the file and initiate the real-time payments.

8. Monitor the Payment Status

Once the file is processed:

• You may be able to track the status of the real-time payments in the Transaction History or Payment Monitoring section of your financial institution’s dashboard.
• Payments typically move quickly through real-time systems, so expect the funds to be transferred almost immediately once processed.

9. Reconcile and Confirm the Payments (Optional)

For businesses, after importing and completing payments:

• Reconcile the payment transactions with your accounting system or ERP.
• Match the payments made via the RTP file with your invoices or payment requests to confirm everything is aligned.

Example Formats:

ISO 20022 XML Example:

<?xml version="1.0" encoding="UTF-8"?>

<Document xmlns="urn:iso:std:iso:20022:tech:xsd:pain.001.001.03">

  <CstmrCdtTrfInitn>

    <GrpHdr>

      <MsgId>RTP-123456789</MsgId>

      <CreDtTm>2024-09-13T10:00:00</CreDtTm>

      <NbOfTxs>1</NbOfTxs>

      <CtrlSum>500.00</CtrlSum>

      <InitgPty>

        <Nm>John Doe</Nm>

      </InitgPty>

    </GrpHdr>

    <PmtInf>

      <PmtInfId>Payment-123</PmtInfId>

      <PmtMtd>TRF</PmtMtd>

      <BtchBookg>false</BtchBookg>

      <NbOfTxs>1</NbOfTxs>

      <CtrlSum>500.00</CtrlSum>

      <PmtTpInf>

        <SvcLvl>

          <Cd>URGP</Cd>

        </SvcLvl>

      </PmtTpInf>

      <Dbtr>

        <Nm>John Doe</Nm>

        <PstlAdr>

          <Ctry>US</Ctry>

        </PstlAdr>

      </Dbtr>

      <DbtrAcct>

        <Id>

          <IBAN>US123456789012345678</IBAN>

        </Id>

      </DbtrAcct>

      <Cdtr>

        <Nm>Jane Smith</Nm>

        <PstlAdr>

          <Ctry>US</Ctry>

        </PstlAdr>

      </Cdtr>

      <CdtrAcct>

        <Id>

          <IBAN>US987654321098765432</IBAN>

        </Id>

      </CdtrAcct>

      <Amt>

        <InstdAmt Ccy="USD">500.00</InstdAmt>

      </Amt>

      <RmtInf>

        <Ustrd>Invoice-98765</Ustrd>

      </RmtInf>

    </PmtInf>

  </CstmrCdtTrfInitn>

</Document>

CSV Example:

TransactionID,SenderName,SenderAccountNumber,ReceiverName,ReceiverAccountNumber,Amount,Currency,PaymentDate,Reference

RTP-12345,John Doe,123456789,Jane Smith,987654321,500.00,USD,2024-09-13,Invoice-98765

JSON Example:

{

  "RealTimePayment": {

    "TransactionID": "RTP-12345",

    "Amount": {

      "currency": "USD",

      "value": "500.00"

    },

    "Sender": {

      "Name": "John Doe",

      "AccountNumber": "123456789"

    },

    "Receiver": {

      "Name": "Jane Smith",

      "AccountNumber": "987654321"

    },

    "PaymentDate": "2024-09-13",

    "Reference": "Invoice-98765"

  }

}

Common Considerations:

1. Format: Ensure the file format is compatible with your financial institution’s system.
2. Schema Validation: Check for errors before final submission, especially in ISO 20022 XML files, as schema validation can fail if there are issues with the structure.
3. Instant Payment Processing: Real-time payments are processed instantly, so double-check all details before submission.
4. Reconciliation: After processing, reconcile the payment with your internal records, especially for businesses.

Let us at TodayPayments.com know if you need further details on working with any specific format or financial platform!

Upload, Trigger, and Collect at TodayPayments.com

Still processing receivables one invoice at a time?
Let real-time automation do the heavy lifting.

✅ Upload ISO 20022 Request for Payment files instantly
✅ Trigger real-time RfPs across FedNow® and RTP® rails
✅ Track every alias with custom MIDs for your payers
✅ Manage AR from multiple banks and reconcile in QuickBooks®
✅ Eliminate paperwork and delays—no bank visit needed

Start importing RfP files today at https://www.TodayPayments.com
Importing Request for Payment File – The Future of AR Starts with a Simple Upload.