QuickBooks® Real-Time Cash

• ~ 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.

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Request for Payments

To integrate RTP (Real-Time Payments) through Real-TimePayments.com and FedNow Services through FedNowInstantPayments.com for real-time cash payments and accounting through QuickBooks® Online (QBO) and QuickBooks Enterprise, follow these steps:

Integration Steps

1. Merchant Enrollment in RTP and FedNow Services

1. Register with Real-TimePayments.com and FedNowInstantPayments.com:
   • Sign up on both platforms and enroll in their respective services.
   • Complete any necessary KYC (Know Your Customer) and compliance processes.
2. Configure RTP and FedNow Integration:
   • Set up the RTP Service within Real-TimePayments.com.
   • Set up the FedNow Service within FedNowInstantPayments.com.
   • Link the merchant's bank account to receive real-time payments.

2. Setting Up Real-Time Cash Payments

Digital Invoicing:

1. Integrate Invoicing Software:
   • Ensure your digital invoicing system (such as QuickBooks Online or QuickBooks Enterprise) is integrated with Real-TimePayments.com and FedNowInstantPayments.com.
   • Use the respective APIs to add RTP and FedNow as payment options on digital invoices.
2. Send Digital Invoices:
   • Generate and send digital invoices through your invoicing software.
   • Include payment links that direct customers to Real-TimePayments.com or FedNowInstantPayments.com payment pages to complete the transaction using RTP or FedNow.

Paper Invoicing:

1. Include Payment Instructions:
   • Print payment instructions on paper invoices that guide customers on how to make real-time payments.
   • Provide URLs or QR codes that direct customers to the payment pages of Real-TimePayments.com or FedNowInstantPayments.com.
2. Accept Real-Time Payments:
   • Customers can visit the provided URLs or scan the QR codes to access the payment pages.
   • The respective platforms process the transactions, ensuring immediate confirmation and settlement.

Accounting Integration with QuickBooks Online and QuickBooks Enterprise

1. Integrate Real-Time Payment APIs:
   • Use the APIs from Real-TimePayments.com and FedNowInstantPayments.com to integrate with QuickBooks Online and QuickBooks Enterprise.
   • Ensure that real-time payments are recorded automatically in QuickBooks.
2. Automatic Reconciliation:
   • Configure QuickBooks to automatically reconcile payments received through RTP and FedNow.
   • Use bank feeds to match incoming payments with invoices and transactions in QuickBooks.
3. Real-Time Cash Flow Management:
   • Utilize QuickBooks' cash flow management tools to monitor real-time payments.
   • Generate real-time reports to gain insights into cash flow, outstanding invoices, and payment statuses.

Benefits and Features for Payees/Merchants

1. Speed and Efficiency:

• Immediate Fund Availability: Payments are processed in real-time, ensuring that funds are immediately available for the merchant, improving cash flow.
• Reduced Payment Delays: Eliminates the delay associated with traditional payment methods, where funds might take several days to clear.

2. Enhanced Security:

• Data Encryption: Secure payment channels reduce the risk of fraud and protect sensitive information.
• Compliance: Ensures compliance with financial regulations, protecting both the merchant and the customer.

3. Improved Customer Experience:

• Convenience: Offers customers a quick and convenient payment method.
• Instant Confirmation: Customers receive immediate payment confirmation, enhancing their experience.

4. Financial Management:

• Automatic Reconciliation: Payments are automatically reconciled in QuickBooks, reducing manual effort and errors.
• Real-Time Cash Flow: Provides up-to-date cash flow information, aiding in better financial planning and management.

5. Versatility:

• Multiple Invoicing Methods: Supports both digital and paper invoicing, providing flexibility to merchants to cater to different customer preferences.
• Seamless Integration: Easily integrates with existing systems and QuickBooks for a streamlined payment process.

6. Cost Savings:

• Lower Transaction Fees: Potentially lower fees compared to traditional credit card processing.
• Reduced Administrative Costs: Automation reduces the time and cost associated with manual payment processing and reconciliation.

7. Competitive Advantage:

• Modern Payment Solutions: Offering real-time payments can attract tech-savvy customers and set the business apart from competitors.
• Enhanced Reputation: Providing cutting-edge payment solutions can enhance the merchant’s reputation and customer trust.

Example Implementation

1. Enroll in RTP and FedNow Services:
   • Merchant signs up on Real-TimePayments.com and FedNowInstantPayments.com and completes enrollment for both services.
2. Integrate Digital Invoicing:
   • Use the APIs from Real-TimePayments.com and FedNowInstantPayments.com to integrate with QuickBooks Online or QuickBooks Enterprise.
   • Add RTP and FedNow as payment options on digital invoices.
3. Configure Paper Invoicing:
   • Print payment instructions, including URLs or QR codes for real-time payment, on paper invoices.
4. Enable Real-Time Payments:
   • Customers can pay using the digital invoice links or by visiting/scanning the URLs/QR codes on paper invoices.
   • The respective platforms process the payments through RTP or FedNow.
5. Monitor and Reconcile Payments:
   • Use the dashboards of Real-TimePayments.com and FedNowInstantPayments.com for real-time notifications and payment tracking.
   • Automatically reconcile payments in QuickBooks.
6. Ensure Security:
   • Implement data encryption for all transactions.
   • Ensure compliance with financial regulations.
7. Support and Communication:
   • Provide detailed instructions and support for customers.
   • Set up automated notifications for payment confirmations.

Conclusion

By integrating RTP through Real-TimePayments.com and FedNow Services through FedNowInstantPayments.com, and accounting through QuickBooks Online and QuickBooks Enterprise, merchants can enjoy the benefits of real-time cash payments. This includes improved cash flow, enhanced security, better customer satisfaction, and significant cost savings. This modern payment solution provides a competitive edge and supports efficient financial management.

Call us, the .csv, text messaging 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.

 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 Real-Time Cash 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.