Remove Nacha Operating Rules Remove TCH Remove Transactions
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Fed Seeks Comment On New Operating Hours For Fedwire Funds

PYMNTS

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. “On Sept.

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Clearing Up The Case For ISO 20022

PYMNTS

The standard isn’t related to any one organization or segment, it was created by the International Organization for Standardization for many global transactions. She explained that the work NACHA has done with the utilization of ISO 20022 has nothing to do with the actual speed of the payments themselves.