QuickBooks^® Request for Payment Invoicing

• ~ 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

Implementing a Real-Time Solution using FedNow and RTP (Real-Time Payments) from Biller/Payee to Payers through Request for Payment (RfP) digital invoices in QuickBooks Online (QBO) involves several key steps. Below is a detailed guide to help you set this up:

Key Components

1. Integration with QuickBooks Online (QBO):
   • Use integration tools such as SecureQBPlugin.com to connect RfP functionalities with QBO.
   • Ensure synchronization of payment requests and receipts within the QBO system.
2. Real-Time Payment Networks:
   • Leverage RTP by The Clearing House and FedNow services for immediate transaction processing.
   • Ensure your payment network supports real-time transaction capabilities.
3. Payment Processors:
   • Employ payment processors like TodayPayments.com and Real-TimePayments.com.
   • Confirm that these processors integrate smoothly with RfP and QBO.
4. Digital Invoicing:
   • Create digital invoices embedded with RfP links for easy payments by customers.
   • Automate invoice generation and distribution to streamline the billing process.
5. Security and Compliance:
   • Implement secure payment gateways to safeguard financial information.
   • Ensure compliance with financial regulations and industry standards.

Benefits

1. Immediate Payment Confirmation:
   • Receive instant payment confirmations, enhancing cash flow and minimizing the risk of late payments.
   • Real-time updates in QBO ensure accurate financial records.
2. Enhanced Customer Experience:
   • Simplify the payment process for customers, reducing friction and improving the overall experience.
   • Offer multiple payment channels, including bank dashboards and biller payment pages.
3. Improved Cash Flow Management:
   • Facilitate better cash flow management through timely payments.
   • Reduce the need for follow-ups on outstanding invoices.
4. Incentive Programs:
   • Introduce Real-Time Discounts, Loyalty Points, Bonuses, and Cash-back features to encourage timely payments.
   • Use these incentives to build customer loyalty and drive repeat business.

Implementation Steps

1. Select Integration Partner:
   • Partner with a reliable integration provider like SecureQBPlugin.com for QBO integration.
   • Ensure the integration supports RTP and FedNow services.
2. Configure QBO:
   • Set up QBO to accommodate RfP functionalities.
   • Ensure all necessary configurations are in place.
3. Implement Payment Processors:
   • Integrate payment processors like TodayPayments.com or Real-TimePayments.com with QBO.
   • Ensure these processors handle RTP and FedNow payments effectively.
4. Develop Digital Invoices:
   • Customize invoice templates to include RfP links.
   • Automate the invoicing process to ensure efficiency and consistency.
5. Ensure Security and Compliance:
   • Use secure payment gateways to protect sensitive financial information.
   • Maintain compliance with all relevant financial regulations and standards.
6. Train Staff and Educate Customers:
   • Provide training to staff on the new system and how to handle real-time payments.
   • Educate customers about the benefits and process of using RfP for instant payments.
7. Monitor and Optimize:
   • Continuously monitor the system for performance and potential issues.
   • Optimize processes based on feedback and performance metrics.

Detailed Integration Steps

1. Integration Setup:
   • Work with SecureQBPlugin.com to establish the integration with QBO.
   • Ensure that the integration supports real-time payments through RTP and FedNow.
2. Payment Processor Integration:
   • Implement and configure payment processors that are compatible with RfP and real-time payment networks.
   • Test the integration to ensure smooth and efficient transaction processing.
3. Digital Invoice Configuration:
   • Design digital invoices that include RfP links for easy customer payments.
   • Automate the generation and distribution of these invoices.
4. Security Implementation:
   • Utilize secure gateways to handle payments and protect customer data.
   • Ensure all security measures comply with industry standards.
5. System Testing:
   • Conduct thorough testing to ensure the system works seamlessly.
   • Test various scenarios to identify and resolve any potential issues.
6. Launch and Continuous Monitoring:
   • Go live with the integrated system.
   • Regularly monitor transactions and system performance to ensure smooth operation.

Example Workflow

1. Invoice Generation:
   • A digital invoice is generated in QBO with an embedded RfP link.
2. Invoice Delivery:
   • The invoice is automatically sent to the payer via email or another digital channel.
3. Payment Request:
   • The payer clicks the RfP link and initiates the payment through their bank’s RTP or FedNow service.
4. Real-Time Payment Processing:
   • The payment is processed in real-time, and confirmation is sent to the biller/payee.
5. Automatic Reconciliation:
   • The payment is automatically recorded and reconciled in QBO.

By implementing this real-time solution, businesses can significantly enhance their payment processes, improve cash flow, and provide a better customer experience through QuickBooks Online. With the right integration and continuous optimization, businesses can leverage the benefits of real-time payments effectively.

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 Solution 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.