Fedwire® Funds Service ISO® 20022 Implementation Center

This page contains information about the ISO 20022 implementation for the Fedwire Funds Service, including educational resources, a list of software vendors that offer products that interface with the Fedwire Funds Service, and frequently asked questions.

On June 27, 2022, the Board of Governors of the Federal Reserve System (Board) announced (Off-site) in a Federal Register notice (Off-site) that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service in a single-day implementation strategy on March 10, 2025.

Fedwire® Funds Service March 2023 Release

Recently, SWIFT, the European Central Bank, and EBA Clearing announced their decisions to defer their respective ISO® 20022 migrations from November 21, 2022 to March 20, 2023. In light of these announcements and in response to requests by Fedwire Funds Service participants to align with this new migration date, the Federal Reserve Banks will also defer the implementation of the November 21, 2022 changes to the Fedwire Funds Service’s proprietary message format to March 20, 2023.

ISO 20022 Educational Opportunities

The Federal Reserve Banks plan to kick off the ISO 20022 education program in the fourth quarter of 2022 with a series of webinars that will be recorded and made available on this page. Additional details about the webinar series will be provided as we get closer to this date. We encourage you to bookmark this page to stay up to date with future educational opportunities.

Software Vendors That Offer Products That Interface with the Fedwire Funds Service

To prepare for the migration, the Federal Reserve Banks are working directly with software vendors that provide products designed to interface with the Fedwire Funds Service. The list is provided as a convenience for Fedwire Funds Service participants only. The Federal Reserve Banks DO NOT endorse any particular vendor or vendor product.

ISO 20022 Implementation Frequently Asked Questions

The Federal Reserve Banks are committed to providing the information you need related to the ISO 20022 implementation for the Fedwire Funds Service. Visit the frequently asked questions to find answers to the questions that you may have.

FedPayments Improvement - Adoption of ISO 20022 Background (Off-site)

Learn more about how the Federal Reserve Banks reached the plan to adopt ISO 20022 messages for the Fedwire Funds Service.

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