ISO 20022 implementation for Fedwire Funds Service postponed - 0 views
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John Kiff on 14 Feb 25Federal Reserve Financial Services (FRFS) has announced a revised timeline for the transition to the ISO 20022 message format for the Fedwire Funds Service. Originally scheduled for 10 March 2025, the implementation has been postponed to 14 July 2025, to allow additional time for industry participants to prepare. According to FRFS, the decision to delay was made after evaluating customer readiness and responding to industry requests. While progress has been made, the extension is intended to accommodate those who require more time to complete necessary adjustments. https://www.frbservices.org/news/communications/021325-fedwire-iso20022-implementation-rescheduled-July-14