Fedwire Funds Service news and trends

Fed Prioritizes FedNow, Delays Fedwire Funds Service Changes
Payment Methods // June 29, 2022

The Federal Reserve Board announced on Monday (June 27), the final timeline and other implementation details for the adoption of a new Fedwire Funds Service message format. The Fed has decided to delay the implementation of these changes until March 10, 2025, from the original...