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Federal Reserve Nears Completion of Industry Engagement on FedNowSM ISO® 20022 Specifications

The Federal Reserve is collaborating with industry participants to ensure draft ISO 20022 specifications for the FedNow Service promote efficiency while meeting industry needs and expectations. Read more about these efforts, including key learnings from the FedNow Community ISO 20022 Working Group, ongoing engagement with The Clearing House to review RTP and draft FedNow Service specifications and what’s next in the project timeline.

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