ICBA is reminding community bankers of the Fedwire Funds Service’s upcoming conversion to the ISO 20022 message format.
ISO 20022 transition scheduled for July
May 28, 2025 / By ICBA
ICBA is reminding community bankers of the Fedwire Funds Service’s upcoming conversion to the ISO 20022 message format.
ICBA is reminding community bankers of the Fedwire Funds Service’s upcoming conversion to the ISO 20022 message format.
Details: ISO 20022 is the format used for FedNow transactions. The Fed’s ICBA-supported delay of the transition until July 14 is designed to give financial institutions and vendors more time to prepare.
ICBA Resources: A recent Independent Banker magazine article spotlights what community banks should know about the transition, while a previous ICBA blog post features key resources and considerations.
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