ISO 20022 and Global Payments Infrastructure
The payments industry in the U.S. reached a significant milestone this summer with the successful migration to the ISO® 20022 messaging format for the Fedwire® Funds Service. This achievement marks the culmination of years of coordinated effort and preparation by the Federal Reserve, financial institutions, core processors and various industry players. The adoption of ISO 20022 is not just a technical upgrade; it represents a great industrywide accomplishment and a major advancement in the evolution of payments infrastructure, promising to deliver enhanced efficiency, innovation and security across the global payments landscape.
Click Read More below to see the complete article from Central Bank Payments News, reprinted in Fed360®, and learn how ISO 20022 is being leveraged for future growth.
Learn more about ISO 20022 and its role in real-time payments readiness at ePayConnect 2026, held February 23 - 25 at Gaylord National Harbor.
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| Topic | - Industry News
- Wire Transfer
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| Delivery Type | - Articles / Editorial
- Partner / Industry Resources
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| Role | - Back Office Operations
- Compliance, Risk Incident Management
- Executive Leader
- Frontline Operations
- Payments Support
- Strategist / Thought Leader
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| Organization Type | - Associations
- Corporation
- Challenger / Neo Bank
- Financial Institution
- Government Agency
- Software & Service Provider / FinTech
- Security & Law Enforcement
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| Knowledge Level | - Advanced
- Beginner
- Intermediate
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| News Details Button URL | https://www.frbservices.org/news/fed360/issues/120225/wires-iso-20022-new-era-global-payments-infrastructure |