New on FedPayments Improvement

Federal Reserve Announces ISO 20022 Migration Timeline for the Fedwire Funds Service

The Federal Reserve Banks today announced plans to complete their migration to the ISO 20022 standard for their real-time gross settlement system, the Fedwire Funds Service, by the end of 2023. Adopting the ISO 20022 standard for payments clearing and settlement messages supports the Federal Reserve’s strategy to enhance the efficiency of both domestic and cross-border payments as described in Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey.

Check out the press release for more information or visit the Federal Reserve Banks’ Resource Center for Adoption of ISO 20022 for Wire Transfers and ACH Payments page on our website.

Read the Business Payments Coalition’s Latest Paper: Catalog of Electronic Invoice Technical Standards in the U.S.

When it comes to sending and receiving electronic invoices, modern businesses are faced with a mountain of options and considerations. Businesses must also navigate the additional challenges of integration with their trading partners driven by the many different e-invoice technical … Continue reading

Where in the World is FedPayments Improvement: October Edition

The weather may be cooling off but fall conference season is heating up! We’re gearing up for another exciting slate of events and are looking forward to engaging with the industry and speaking on payment system improvements, the current state … Continue reading

Register to Attend our FedForum Webinar Series

In last week’s webcast President George and Governor Powell shared insights on the Federal Reserve’s Next Steps in the Payment Improvement Journey and answered questions regarding the Fed’s updated strategies. Over the next two months we’ll be hosting a FedForum … Continue reading

Federal Reserve Next Steps in the Payments Improvement Journey Webcast

In today’s webcast President George and Governor Powell shared insights on the Federal Reserve’s Next Steps in the Payment Improvement Journey and answered questions regarding the Fed’s updated strategies to enhance the speed, safety and efficiency of the payment system … Continue reading