Fintech Review

MAY 10, 2025

Many banks avoid lending to small businesses , younger borrowers, or those without formal employment. Still, banks benefit from access to central bank funding and deposit insurance. Until access to credit becomes more open and decentralised, banks will continue to shape who can participate in the economy.

Central Bank 52

Central Bank Push-to-Card FedWire Regulations 52

Stax

APRIL 10, 2025

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Payments Dive

JULY 11, 2025

Mesut Dogan via Getty Images Financial institutions that seek to send payments via the Federal Reserve’s Fedwire Funds Service must migrate to a new international standard come Monday. That’s when banks are required to begin using the ISO 20022 standard for electronic payments they choose to send over that Fed real-time settlement rail.

ISOs 218

ISOs ISO 20022 FedWire Federal Reserve 218

Payments Dive

JULY 15, 2025

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Fedwire makes ISO leap The Federal Reserve shifted payments for the Fedwire Funds Service to a new international standard this week without any reported glitches.

FedWire 144

FedWire ISOs ISO 20022 Federal Reserve 144

Payments Dive

FEBRUARY 19, 2025

The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

FedWire 113

FedWire ISO 20022 Fed Credit Union 113

PYMNTS

MAY 10, 2019

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. ET; [and] extending the closing of the Fedwire Funds Service by 30 minutes to 7:00 p.m.

FedWire 51

FedWire Same Day ACH Federal Reserve Nacha Operating Rules 51

The Fintech Times

SEPTEMBER 9, 2024

The American Fintech Council (AFC) has backed the Federal Reserve ’s proposal to extend the operating hours of the Fedwire Funds Service and National Settlement Service (NSS). Moloney , SVP and head of policy and regulatory affairs in AFC ’s Letter to FRB.

Settlement 69

Settlement Federal Reserve FedWire FRB 69