ISO 20022 Implementation Power Hour

Federal Reserve Financial Services will transition the Fedwire® Funds Service to the ISO® 20022 format on July 14, 2025.ÊWith this deadline fast approaching, it’s essential to take steps to ensure your institution is fully prepared. This session reminds attendees the importance of testing (e.g., exchange ISO 20022 message with their peers and simulate real-world scenarios to ensure seamless processing of payments). Additionally, we emphasize the importance of developing strong preparedness and contingency plans to safeguard against potential disruptions.

Learning Objectives:

•          -      Understand the latest updates on the implementation of the new ISO 20022 format.

•          -      Recognize the importance of conducting thorough testing prior to the ISO 20022 implementation.

•          -      Develop effective preparedness and contingency plans to ensure a smooth transition and minimize disruptions.

•          -      Engage in a Q&A session to address specific concerns and gain insights from experts.

Join ePayResources and Leslie Lee, Payment Product Strategy Specialist at the Federal Reserve Bank of New York, to discuss industry readiness and customer testing for the upcoming migration to the ISO 20022 standard for wires processed with the Federal Reserve Banks.