EZ Clear to image-enabled savings bond processing provides efficiencies

Last November, the Fedwire Funds message format was changed to allow more detailed remittance information to be included in the messages. Input you provided during the 2006 Business-to-Business Wire Transfer Payments study was the impetus for another change we introduced along with the format changes. You told us that in certain circumstances when you send high-value wire transfers it may be important to confirm whether or not a particular payment order has been processed. This insight was the foundation for the creation of a payment notification feature.

In order to meet the ever-shifting demands of the payments industry, we continually enhance the technology platforms that support our Federal Reserve Financial Services so we can continue to deliver innovative, efficient and reliable solutions to meet your requirements. Our new Check Platform Modernization is targeted to occur in the second half of 2012, and will result in a fully centralized, scalable and flexible processing environment to support high quality, efficient check services. Find out next steps and what operational changes are expected.

Many use the start of a fresh, new year to explore new opportunities. The Federal Reserve Banks’ FedGlobal ACH Payments may represent potential benefits to your institution that extend beyond those typically realized by automated clearing house (ACH) operations alone. Discover how the FedGlobal ACH Payments suite of cross-border ACH services can help meet your expanding global payment needs, while providing efficient and flexible options.

Ongoing education is an effort worthy of more than just the occasional New Year’s resolution.  Keeping skills fresh and current is a commitment for many, and the Federal Reserve Banks’ Events and Education curriculum strives to support such efforts. The check adjustments webinar series illustrates how our curriculum can help you and your staff fulfill the goal to “keep educating yourself.” Learn why the check adjustments webinar series makes it easy to keep building your knowledge.