Fedwire® ServicesHow to facilitate payment notification services using field tag {3620}
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.
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