August 2025: On the Wire - ISO® 20022 Newsletter
Thank you for your support!
On July 14, Federal Reserve Financial Services (FRFS) adopted the ISO 20022 message format for the Fedwire® Funds Service in a single-day implementation. The widespread adoption of ISO 20022 positions the ISO 20022 message format to become a universal messaging language for the payments industry and help encourage innovation in payment technologies. The Fedwire Funds Service’s migration is a significant milestone for the payments industry, enabling financial institutions to standardize messaging formats across systems, helping customers receive richer data and enhancing client services.
We value the trust you place in FRFS and appreciate the hard work, time and resources you have put in for the past several years to prepare for the Fedwire Funds Service’s migration to the new ISO 20022 standard. We remain focused on improving our services and their features in response to your feedback. Thank you for your dedication and preparation.
Post-ISO 20022 implementation FAQs
Find answers to questions about the new ISO 20022 format, including post-migration frequently asked questions (FAQs). If your payments are not being processed straight through, we encourage you to work directly with your transaction counterparty and others involved in processing your payment transactions (e.g., service providers or software vendors) to determine whether your systems and/or processes need to be tweaked.
Upcoming September and December 2025 releases
September release
In response to customer feedback, we are expediting the following two changes for the FedPayments® Manager – Funds application in early September (available for testing in the DIT2 environment as of Aug. 21) to address known issues:
- Enhance the existing “Populate” feature for the following manual entry forms that will allow more flexibility to inquire about incoming and outgoing messages either in the ISO 20022 or FAIM format:
- Return request (camt.056)
- Return request response (camt.029)
- Payment return (pacs.004)
- Investigation request (camt.110)
- Drawdown response (pain.014)
- Update the duplicate message checking feature in the Processing Options/Settings page to include the following two message types:
- Payment return (pacs.004)
- Investigation response (camt.111)
Please refer to the various Quick Reference Guides available in the FedPayments Manager – Funds application (“Help” link within the application under “General”) for additional details.
December release
The remaining FedPayments Manager – Funds known issues and enhancements for the FedLine Direct® Solution are targeted for implementation in an early December release (available for testing in the DIT2 environment as of Sept. 18). Please review the following documents for additional details:
- FedPayments Manager – Funds (“Help” link within the application under “General”)
- Known Issues List (August 2025)
- Various Quick Reference Guides (August 2025)
- Training Slide Deck (August 2025)
- Training Guide for the import of camt.056/camt.110 messages (August 2025)
- FedLine Direct enhancements are documented in the Fedwire Funds Service ISO 20022 Quick Reference Guide (August 2025) posted on the public page in the MyStandards® portal
Please note that the DIT environment will continue to serve as the production-like environment for the Fedwire Funds Service (no longer the FAIM version). For additional information regarding testing, please contact Wholesale Testing Services.
Upcoming drop-in session registration
We will host two drop-in sessions in the fall to address any questions, including questions related to the September and December releases:
Import templates for the FedLine Advantage® Solution
A helpful training guide is available to assist customers in creating an import file for return request (camt.056) and investigation request (camt.110) messages. You can refer to the training guide as you create your own messages by leveraging the sample camt.056 and camt.110 messages available in the “Help” link within the application.
More information
We have a dedicated team of experts to assist you with production-related questions post-implementation of the ISO 20022 format for the Fedwire Funds Service. Please contact us for further assistance.
For questions regarding the September and December releases, please contact our subject matter experts at Fedwire.Funds.Format@ny.frb.org.
Be sure to bookmark the Fedwire Funds Service ISO 20022 Implementation Center to access the latest information (e.g., view on-demand webinars, register for live events). Please contact us if you have any specific questions related to this newsletter.