The Best Solution for FedNow Delivery in QuickBooks®

Today Payments is an Authorized Reseller of Intuit offering a highly robust app that supports both QuickBooks’ desktop and online customers, provide merchants with the tools they need so they can focus more time on their customers and businesses, and less time on data entry.

"Our Integrated payment solutions can save a typical small business owner more than 180 hours each year"
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  • ~ Automate Account Receivable Collection
  • ~ Automate Account Payable Payments
  • ~ One-time and Recurring Debits / Credits

Secure QB Plugin payment processing through QuickBooks ® specializes in the origination of moving money electronically.

Ask about our special:Using FedNow Delivery Request for Payments in QBO QuickBooks

Integrating FedNow instant Real-Time Payments with QuickBooks Online (QBO) via SecureQBPlugin.com enables businesses to receive guaranteed payments for delivering services or products efficiently and securely. Here’s a step-by-step guide on implementing this integration:

Implementation Plan

1. Setup Integration with FedNow

  • Register with a Financial Institution: Choose a financial institution that supports FedNow and set up an account.
  • API Integration: Utilize the APIs provided by the financial institution to integrate FedNow with SecureQBPlugin.com.

2. Configure Real-Time Payment Requests (RtP)

  • Customer Registration: Allow customers to register their cell phone numbers or email addresses as identifiers for payment.
  • Link Payment Methods: Enable customers to link their preferred payment methods (bank accounts) to their registered identifiers.

3. Enable Real-Time Payment Requests (RtP)

  • Request for Payment (RfP): Implement a system within SecureQBPlugin.com that allows businesses to send RfPs to customers using their registered identifiers.
  • Payment Approval: Ensure customers can easily approve payment requests via notifications sent to their cell phone or email.

4. Integration with QuickBooks Online (QBO)

  • Sync Payments: Configure SecureQBPlugin.com to automatically record all payments processed via FedNow in QBO.
  • Automate Invoice Tracking: Track all sales and payment receipts automatically in QBO, associating them with the respective customer’s identifier for easy reconciliation.

Workflow Example

1. Customer Registration and Setup

  • Customer Registration: Customers register on SecureQBPlugin.com using their cell phone number or email address.
  • Payment Method Linking: Customers link their preferred payment method (bank account) to their registered identifier.

2. Initiating Payment Requests

  • Business Sends RfP: When a service or product is delivered, the business sends an RfP to the customer’s identifier (cell phone number or email address) via SecureQBPlugin.com.
  • Customer Approves Payment: The customer receives a notification on their cell phone or email and approves the payment.

3. Real-Time Payment Processing

  • Instant Transfer: Funds are instantly transferred via FedNow from the customer’s account to the business’s account.
  • Confirmation: Both the business and the customer receive confirmation of the payment.

4. Automated Accounting Integration

  • Automatic Recording: Payment details are automatically recorded in QBO via SecureQBPlugin.com, updating the business’s accounts receivable and sales records.
  • Invoice Reconciliation: The system tracks all payments, simplifying the reconciliation process in QBO.

Benefits

  1. Efficiency and Speed: Real-time payments ensure businesses receive funds instantly, improving cash flow.
  2. Convenience: Customers can use familiar identifiers (cell phone numbers or email addresses), simplifying the payment process.
  3. Accurate Accounting: Automated synchronization with QBO ensures accurate and up-to-date financial records.
  4. Reliability: Instant payments reduce the risk of bounced checks or delayed payments.

Security Considerations

  • Data Encryption: Ensure all sensitive data, such as customer information and payment details, are encrypted during transmission and storage.
  • Authentication: Implement robust authentication mechanisms to protect against unauthorized access.
  • Fraud Monitoring: Use advanced monitoring tools to detect and prevent fraudulent transactions.

Implementation Steps

  1. Technical Integration:
    • Collaborate with your IT team or a third-party developer to integrate FedNow with SecureQBPlugin.com and QBO.
    • Ensure the integration supports real-time payments and seamless data synchronization.
  1. User Training:
    • Train your sales and finance teams on using the new payment system.
    • Provide customers with instructions on how to register and link their payment methods.
  1. Testing:
    • Conduct thorough testing to ensure payments are processed correctly and data is accurately synced with QBO.
    • Test the RfP process and payment approval workflow with a small group of customers before full rollout.
  1. Launch and Support:
    • Roll out the system to all customers and provide ongoing support to address any issues.
    • Continuously monitor the system for performance and security, making necessary adjustments.

By integrating FedNow instant Real-Time Payments with QBO via SecureQBPlugin.com, businesses can streamline their payment processes, improve financial visibility, and provide customers with a convenient and reliable payment experience.

 

Request for Payment

Call us, the .csv and or .xml 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) show how to implement Create Real-Time Payments Request for Payment File up front delivering 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 continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.

Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.

Pricing with our Request For Payment Professionals
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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 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. 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 FedNow Delivery 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.

Start using our FedNow Real-Time Payments Bank Reconciliation:

FedNow Bank Reconciliation

 Dynamic integrated with FedNow & Real-Time Payments (RtP) Bank Reconciliation: Accrual / Cash / QBO - Undeposited Funds


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Today Payments Merchant Services
2305 Historic Decatur Road, Suite 100
San Diego, CA 92106
(866) 927-7180