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As of early next year, the Fed (US) will not accept anything other than ISO20022 messages on their networks. So any banks that are using Fed networks are requir
by logicalmind 2y ago
As of early next year, the Fed (US) will not accept anything other than ISO20022 messages on their networks. So any banks that are using Fed networks are required to use ISO20022.
- LiamPa 2y agoI wouldn’t hold your breath
- logicalmind 2y agoI work for a large financial institution and we've been migrating our Fed network processing to ISO20022. All financial institutions we work with, and vendors who process payments for fraud and such, are also doing so. I'm highly skeptical of the date, but it is going to happen.