Finovate

FEBRUARY 20, 2025

Live Oak Bank has enhanced its commercial and small business banking services by partnering with Finzly for its Fedwire solution. Finzly’s technology enables 100% straight-through processing (STP) and will help ensure the bank is compliant with upcoming ISO 20022 regulations.

FedWire 114

FedWire ISO 20022 ISOs Payment APIs and Integration 114

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

Fintech Finance

APRIL 12, 2024

Finzly , the pioneering provider of modern money movement systems to financial institutions, has announced its achievement as one of the first Third-PartyService Providers (TPSP) to be certified for compliance to ISO 20022 messaging standards for Fedwire.

ISO 20022 78

ISO 20022 FedWire ISOs Fed 78

PYMNTS

SEPTEMBER 23, 2019

The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. SWIFT announced last year that it is planning to allow its users to send data-rich ISO 20022 messages across its global network starting in November 2021.

ISO 20022 76

ISO 20022 Federal Reserve ISOs FedWire 76

Fintech Finance

MAY 13, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced it has completed testing and certification through the Federal Reserve for ISO 20022, becoming one of the first vendors in the industry to complete the process for multiple solutions.

ISO 20022 52

ISO 20022 ISOs FedWire Fed 52

PYMNTS

SEPTEMBER 7, 2017

Payment System paper, in which the Fed outlined initiatives for the payments industry and its stakeholders to promote progress. For the Fed, progress means improving the speed, security and efficiency of the payments system, and to focus on international payments capabilities and promote collaboration within the field. Efficiency.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

Segpay

JUNE 13, 2024

Since its launch in July last year, about 700 banks and credit unions have joined the FedNow network, and this list is expected to grow as the Fed seeks 8,000 financial institutions. The Federal Reserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52