TabaPay is a registered Technology Provider of Real-time payments over the FedNow network. Through FedNow, TabaPay provides our clients with the ability to conveniently send payments directly from bank accounts at participating institutions 24/7, and to receive and access funds sent to them over the FedNow network immediately.

Use Cases

• Instant Payouts for Gig Workers or Freelancers: Offer immediate payouts and improve worker satisfaction by providing quick access to earnings.
• Emergency Fund Transfers: Facilitate real-time disbursement of critical funds during emergencies, such as insurance payouts for account funding, disaster relief, or government assistance programs.
• Wider Network Coverage: Add RTP and FedNow to expand and diversify your network payment options to help optimize your payment flow.

FedNow Send Payment Flow

1. Client sends Create Transaction API request.
2. TabaPay sends pre-processing checks to validate funds for the Sponsor Bank FedNow master account.
3. TabaPay sends the pacs.008 message.
4. FedNow returns with the pacs.002 a status report.
5. TabaPay returns the Create Transaction response back to the Client.

How FedNow Send Works

To send a FedNow payment through the TabaPay API, follow the outlined steps.

Simplified Flow

A simplified FedNow Payment Flow can be summarized:

1. TabaPay client sends a Create Transaction push request.
2. TabaPay will forward this request to the FedNow network.
3. TabaPay will return the results of the transaction in the response (informing you if it was a successful transaction or not).

1. Query Bank

You send the Query Bank API request.

Query Bank Request

{
  "routingNumber": "123456789"
}

Query Bank Response

{
  "SC": 200,
  "EC": "0",
  "RTP": true,
  "FedNow": true
}

2. Create Transaction

Create Transaction Request

You will be using the Create Transaction API request.

Request Body Parameters

All FedNow transactions will push funds into an account. To Create a transaction using the FedNow service, including the following in the request body:

1. achOption field with the value F for FedNow
2. Add and fill the bank object in the destinationAccount object with the designated bank information.
3. Be sure to include the common fields for transactions found in Recipes section including referenceID, corresponding object, type, owner, and amount.

What is the bank object?

The bank object is under the destinationAccount object for a push transaction. Create Transaction describes the fields in the request.

{
	"referenceID": "myUniqueRefID3",
	"corresponding": {
		"name": {
			"first": "Ultimate",
			"last": "Debtor"
		}
	},
	"type": "push",
	"accounts": {
		"sourceAccountID": "*redacted*",
		"destinationAccount": {
			"bank": {
				"accountNumber": "111111111",
				"routingNumber": "011001234",
				"accountType": "C"
			},
			"owner": {
				"name": {
					"first": "CreditorFirstName",
					"last": "CreditorLastName"
				}
			}
		}
	},
	"achOptions": "F",
	"amount": "100.00"
}

Create Transaction Response

Create Transaction describes the fields in the response.

{
  "SC":200,
  "EC":"0",
  "transactionID":"A0oH0E4EiWloxnwr75liQg",
  "networkID":"5BABCD1111111111",
  "network":"FedNow",
  "networkRC":"000",
  "status":"COMPLETED"
}