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It seems the idea here is that they are irreversible as settlement and clearing both happen instantaneously, and both the sender and recipient should have that

It seems the idea here is that they are irreversible as settlement and clearing both happen instantaneously, and both the sender and recipient should have that information updated for them immediately. It didn't seem entirely clear, but it seems like request-for-payment is a supported feature, and that they will charge 1 cent per RfP transaction. The wording as a "request" makes it sound like the one paying will still have to approve the transaction on their side for it to go through

abrylov 4y ago
Actually yes, FedNow will only support one way transfers (push credits), when the owner of the account can initiate a transfer. Request for Payments supposed to support this as well, when merchant can send you a request to pay for something, but the account owner is the one who authorizes the transfer (ad oppose to direct debits in the ach world).