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 …
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 standards available in the U.S. market. Wouldn’t it be nice …
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 of our initiative and more. We regularly attend events to …
In last week’s webcast President George and Governor Powell shared insights on the Federal Reserve’s Next Steps in the Payment Improvement Journey (PDF) and answered questions regarding the Fed’s updated strategies. Over the next two months we’ll be hosting a FedForum webinar series that will go into further detail on …
In today’s webcast, President George and Governor Powell shared insights on the Federal Reserve’s Next Steps in the Payment Improvement Journey (PDF) and answered questions regarding the Fed’s updated strategies to enhance the speed, safety and efficiency of the payment system from end to end through industry engagement and collaboration. …
Mark your calendar to join Kansas City Fed President Esther George and Federal Reserve Board Governor Jay Powell on Thursday, September 21, for a webcast at 11:00 a.m. ET. They will share views on the Federal Reserve’s plans for near-term collaboration with the industry to move closer to achieving the desired …
The Federal Reserve System is pleased to release Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey (Next Steps), which outlines a series of refreshed strategies and nine new tactics the Federal Reserve will employ, in collaboration with industry, to further progress toward …
Fall conference season is gearing up and the Chicago Payments Symposium is a can’t miss event for anyone involved in the payments industry. Symposium attendees can expect to hear informative dialogue on topics such as: the current state of the industry, next generation payments technology, interoperability and more. The two …
As part of an educational outreach program designed by the Federal Reserve Banks to increase awareness of how ISO® 20022 will impact the Fedwire Funds Service, we will be offering two new ISO 20022 educational webinars this fall: ISO 20022 Beginner Webinar October 5, 2017 from 1-3:00 p.m. ET Join …
With Gordon Werkema set to retire in September, we are pleased to announce that Dave Sapenaro, first vice president and chief operating officer of the St. Louis Fed, will succeed him as Payments Strategy Director. Sapenaro, a 32 year veteran of the Federal Reserve System, has played an instrumental role …