The Federal Reserve Banks require that a depository institution sponsor each vendor that requests to participate in the testing process.
To initiate the testing process, the Sponsoring Depository Institution must submit, on behalf of the vendor, a FedLine Direct and Fedwire Services Vendor Sponsorship Agreement (PDF) to the Customer Contact Center, as indicated on the form.
To complete the testing process, a vendor must certify to the Federal Reserve Banks that it has successfully executed a test script designed to demonstrate that a customer using the product or service would be able to:
The Wholesale Testing Unit will provide the vendor and its sponsoring depository institution with the test script and will assist them during the testing process.
A vendor may be required to retest its product or service from time to time, such as when there has been a material change to the product or service (e.g., a new version of software for operating the product or service or changes to the hardware platform on which the product or service runs), to the Fedwire Funds Service or Fedwire Securities Service, or to the FedLine Direct access solution.
The Federal Reserve Banks do not independently verify that the vendor successfully executed the prescribed test script.
Even if a depository institution plans to use a product or service to interface with the Fedwire Funds Service and/or Fedwire Securities Service through the FedLine Direct access solution, it must test that implementation before beginning production processing.