Introducing Instant Pay-Ins via Request for Payment (RfP)

Aeropay launches Instant Pay-Ins via RfP, adding enhanced routing optionality that increases the speed and success of pay by bank.    

Aeropay is expanding real-time payment capabilities with the launch of Instant Pay-Ins, powered by Request for Payment (RfP). This functionality enables businesses to collect consumer bank payments that settle in seconds, even when transactions occur outside of standard banking hours. 

Instant Pay-Ins combine the speed and availability of the RTP® network with the security of explicit consent. When a payment is initiated via RfP, the customer is prompted to authorize the transaction directly in their online banking app, and then funds are settled instantly. 

In collaboration with Cross River, Aeropay is one of the first U.S. pay by bank providers with instant pay-in functionality, expanding our available routing options to enable leading payment experiences with lowest possible risk. 

Talk to our team to get started with Instant Pay-Ins. 

The RfP experience

Instant Pay-Ins help improve the customer experience and minimize risk exposure across use cases like account funding, high-ticket purchases, and bill payments. Here’s how the flow works from end-to-end:

1. Request is created. RfP transactions are automatically triggered via Aeropay’s embedded pay by bank experience. The request is sent through the RTP® network for immediate processing.

2. Customer authorizes the payment. The user receives a prompt from their bank and approves the request directly in their mobile banking app.

3. Funds settle instantly. Once approved, the payment clears in seconds. Both sides receive real-time confirmation, eliminating uncertainty and delays.

Aeropay makes this flow easy to access with one simple API that also routes transactions via Guaranteed, Trusted, and Same Day ACH. 

Building the most successful bank payments

Conceptually, pay by bank is the most valuable payment option for businesses. Processing costs are 50% lower than cards, there are no chargebacks, and open APIs establish a longstanding connection between consumer and merchant. 

Unlocking the true value of pay by bank means solving for conversion, risk, and acceptance. That’s what every product at Aeropay is built to do. 

Instant Pay-Ins add a premier transaction path alongside Aeropay’s existing routes: 

• Guaranteed ACH. Cover returns with Aeropay’s Guarantee, ensuring payments are protected even in cases of insufficient funds.  
• Trusted User. Reputation-based routing that improves efficiency and approvals.
• Same Day ACH. By default, we batch transactions for Same Day ACH settlement, moving funds quickly while lowering costs.
• RTP. Instant payouts (and now pay-ins) move on RTP rails for instant settlement 24/7/365. 
• FedNow. Instant payouts move on FedNow rails for real time settlement 24/7/365. 

Aeropay’s routing options provide the functional flexibility to optimize the value of bank payments across numerous use cases and risk scenarios. 

America’s (instant) pay by bank network

At Aeropay, we have been building the modern standard for bank payments for over 8 years. RfP is an exciting innovation that expands our available rails to give businesses even greater optionality to successfully add and scale bank payments that meet the demands of America’s digital economy.  

Businesses using Aeropay’s Instant Pay-Ins can now:

• Greatly reduce risk with instant balance verification and settlement that drives down return risk. 
• Improve customer experience with real-time settlement and bank-level consumer authorization.
• Onboard consumers instantly with branded user and bank verification. Plus instant onboarding via Network recognition.
• Route pay by bank transactions for faster settlement in higher-risk scenarios to avoid latency and improve cashflow.  

Whether you’re interested in RfP for instant gaming deposits, risk-averse billing, or other online transactions, we’ll power a solution that improves conversion, retention, and revenue, while greatly reducing transaction costs. 

Now is the time to start building for the future of payments. Talk to our team to see how fast and successful pay by bank can be.