- The Federal Reserve System the Central Bank of the United States founded by Congress in 1913 to provide the nation with a safer
- The Federal Reserve released message specifications for the initial launch of its FedNow Service for instant payments
- FedNow ISO 20022 specifications define the message flows and formats that the service leverage when operational in 2023
- The Federal Reserve also collaborated with The Clearing House to optimize compatibility between the two U.S. instant payment services
- Fiserv, an organization that provides financial services and payments technology globally
- The ISO 20022 standard an internationally accepted messaging format enables rich data exchanges
Federal Reserve: Announces ISO 20022 specifications for initial launch of FedNow
