Fedwire® Adopts ISO® 20022 Modernizing U.S. Payments
Trade Credit & Liquidity Management
JULY 24, 2025
From a Press Release dated July 15, 2025, Chicago, Illinois The Federal Reserve Financial Services (FRFS) has completed the migration of the Fedwire Funds Service to the ISO 20022 message format, marking a significant modernization of the U.S. payments infrastructure. This upgrade aligns American payment processing with international standards, enabling greater efficiency, richer payment data, and more robust risk and fraud mitigation.
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