HomeBankingFederal Reserve: Announces ISO 20022 specifications for initial launch of FedNow

Federal Reserve: Announces ISO 20022 specifications for initial launch of FedNow

Date:

Adyen Grows Partner Programme to Accelerate Global Payments Innovation

Adyen expands its partner ecosystem, empowering more platforms and...

Belgian Banks Become First in Eurozone to Go Live with Verification of Payee

Major Belgian banks adopt Verification of Payee to combat...

Hokkoku and Soft Space to Roll Out SoftPOS Tool Supporting Stablecoin Transactions

The partnership will enable merchants to accept stablecoin payments...
  • 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
Exit mobile version