Products / Request for Payment (RfP)
Say Goodbye to Payments Friction
Request for Pay eliminates the complexity of managing bill payments. No more tracking due dates or managing countless passwords. Send digital payment requests to your customers, allowing them to review and respond with options for payment approval, modification, rejection, or delay, all in real time.
Key Benefits
Increased payment flexibility and control for customers
RfP lets customers choose when to pay, addressing the challenge of rigid payment schedules and reducing missed or late payments, boosting overall satisfaction.
Improved efficiency in the payment process
By streamlining payments through real-time systems, RfP reduces manual processing, lowers administrative costs, and minimizes delays, helping banks and credit unions operate more efficiently.
Enhanced transparency in transaction details
RfP provides clear, detailed payment information, reducing confusion and disputes. This boosts accountholder trust and helps financial institutions ensure accurate, secure transactions.
How Can Request for Pay Help You?
Reduce Fraud, Increase Trust
With RfP, payments are initiated by the payer, drastically reducing the risk of unauthorized transactions and fraud. Accountholders stay in control, and institutions protect themselves from costly disputes.
Fewer NSFs, Better Cash Flow
RfP ensures payments are backed by good funds in real-time, reducing the headaches of non-sufficient funds (NSF) fees. Your institution gets paid faster, and accountholders avoid unnecessary penalties.
Meet Accountholder Expectations
Today’s customers want control, flexibility, and transparency. RfP delivers all three, giving them a streamlined experience while positioning your financial institution as a leader in modern, user-friendly payment solutions.
Stay Competitive
RfP is more than a feature—it’s a competitive advantage. By offering instant, secure payments, your financial institution attracts and retains customers with speed, security, and control.
Boost Revenue, Build Relationships
RfP opens the door to new revenue streams while improving engagement with your accountholders. Whether it’s speeding up bill collections or offering last-minute payment options, RfP enhances your service offerings and strengthens customer loyalty.
Commercial and Financial Institution uses for RfP
- Bill pay
- Wallet funding
- E-commerce
- Person-to-person (P2P) payments
- Point-of-sale payments
- Pay by text