A proposal to expand the operating days of the Federal Reserve Banks’ Fedwire Funds Service and the National Settlement Service (NSS), to include weekends and holidays, will now be open to comments until Sept. 6, […]
In just less than three years, the new message format for the Federal Reserve’s credit transfer service – Fedwire Funds Service – will take effect on a single day, not over three separate phases, the […]
A plan for the Federal Reserve Banks to adopt a new message format for the Fedwire® Funds Service on a single day, rather than three separate phases as earlier proposed, is out for comment until […]
The message format will change for the Federal Reserve’s Fedwire Funds Service – to ISO 20022 — the agency said Monday, adding the change is being made to increase efficiency and data collection. Additionally, the […]
Extended hours to accommodate same-day automated clearing house (ACH) processing and settlement in 2020 were approved by the Federal Reserve last week (Dec. 23). The Fed said the extended hours will closely follow those already […]
Fees will increase an average 2.4% for payment services under an approved fee schedule for 2020, the Federal Reserve announced Wednesday. The Fed said its board approved the fee prices for Federal Reserve Banks that […]
A new message format that could potentially provide “richer payment message data” than the current format used by the Fedwire Funds Service is being proposed by the Federal Reserve. Under the proposal, the change would […]
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