As communicated directly to customers in late August, in consideration of requests made by industry participants, the Federal Reserve Banks have delayed the implementation of the Automated Claim Adjustment Process (ACAP) enhancements that were previously scheduled for October 28, 2019. While the industry prepares updated implementation readiness plans, the go-live date is being delayed until at least the second quarter of 2020. We will continue to evaluate input from industry participants and expect to announce the new implementation date in the fourth quarter of this year.
In the interim, the Depository Institution Testing (DIT) environment will remain open and available for participants and service providers to begin or continue to conduct enhanced ACAP testing, and we encourage them to do so. Testing will continue to be required for:
- All FedLine Direct® participants and their service providers
- Existing FedLine Advantage® ACAP users that export incoming messages through the FedPayments® Manager—Securities application and/or receive their Fedwire® Securities statements via the FedLine Direct File, FedLine Direct Message or FedLine Command® Solution
Given the new message types associated with the ACAP enhancements, testing is highly recommended for participants that use the FedLine Advantage Solution and export incoming messages through the FedPayments Manager—Securities application even if the participant does not currently use ACAP.
Communications providing additional information regarding testing were sent to End User Authorization Contacts (EUACs), FedPayments Manager Subscribers and Fedwire Securities vendor contacts on April 23, 2019. If you have questions regarding testing, please contact your designated Wholesale Testing Unit.
For more information about the enhancements, please see the October 2018 communication (Off-site) distributed to all participants and the June 3 Fed360® article.
Questions regarding the enhancements to ACAP should be directed to the Fedwire Securities Service contact at the East Rutherford Operations Center: (800) 390-2788.