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Finalize Your ISO 20022 Preparedness

Finalize Your ISO 20022 Preparedness

Federal Reserve Financial Services will transition to the ISO® 20022 format for the Fedwire® Funds Service on July 14, 2025. As part of your overall readiness preparations for the upcoming migration, FRFS highly recommends that you finalize your preparedness and contingency plans as soon as possible. It is critical that you have a contingency plan in the event that you are not ready to send or receive ISO 20022 messages through the Fedwire Funds Service or your wire ecosystem is not ready for ISO 20022 messages beginning July 14. You are asked to prioritize testing, as no customer testing will be allowed on migration weekend.

FRFS invites all FedLine Advantage – Funds Subscribers who have the FedLine® role of Funds Manager, Funds Supervisor, or Funds Transfer Specialist to learn how to use the new ISO 20022 screens and features in the remaining education session on July 2. You will learn about the new outgoing message forms and screens and will have the opportunity to ask questions to our ISO 20022 experts. Please see the agenda for a training overview and register here.

Click Read More below to access the Fedwire® Funds Service ISO® 20022 Implementation Center for complete information on testing, education, and support.

Print
151
Topic
  • Wire Transfer
Delivery Type
  • Articles / Editorial
  • Partner / Industry Resources
Role
  • Back Office Operations
  • Compliance, Risk Incident Management
  • Executive Leader
  • Frontline Operations
  • Payments Support
  • Strategist / Thought Leader
Organization Type
  • Challenger / Neo Bank
  • Financial Institution
  • Software & Service Provider / FinTech
Knowledge Level
  • Advanced
  • Beginner
  • Intermediate
News Details Button URLhttps://www.frbservices.org/resources/financial-services/wires/iso-20022-implementation-center