Fedwire Funds Service news and trends

FRFS Completes Implementation of ISO 20022 for Fedwire Funds Service
Banking // July 14, 2025

Federal Reserve Financial Services (FRFS) completed its previously announced adoption of the ISO 20022 message format for the Fedwire Funds Service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Trending: Senators Urge Fed to Expand Fedwire and National Settlement Service
Faster Payments // September 11, 2024

If business and commerce are always on in the digital age — existing as 24/7, year-round endeavors — so must the settlement systems that enable a broad range of transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fed Prioritizes FedNow, Delays Fedwire Funds Service Changes
Payment Methods // June 29, 2022

The Federal Reserve Board announced on Monday (June 27), the final timeline and other implementation details for the adoption of a new Fedwire Funds Service message format. The Fed has decided to delay the implementation of these changes until March 10, 2025, from the original...

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FRFS Completes Implementation of ISO 20022 for Fedwire Funds Service

July 14, 2025
Federal Reserve Financial Services (FRFS) completed its previously announced adoption of the ISO 20022 message format for the Fedwire Funds Service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]