On the Wire

June 2023: On the Wire - ISO® 20022 Newsletter

We are pleased to announce the following Fedwire® Funds Service ISO® 20022 June live events.

  • Thursday, June 8, 2023 drop-in session to ask your questions to our experts
  • Wednesday, June 28, 2023 in-depth webinar on the Financial Institution Credit Transfer and Drawdown message flows

Register for June 8 Drop-In Session

Register for June 28 Webinar

Prep Work for June 28, 2023 Webinar:

  • Read Chapter 5 – Financial Institution Credit Transfer and Chapter 6 – Drawdowns of the Fedwire Funds Service ISO 20022 Implementation Guide and Chapters 5 & 6 of the Fedwire Funds Service ISO 20022 Readiness Portal Guide.
  • Consult the implementation guidelines for Financial Institution Credit Transfer (i.e., pacs.009), Drawdown Request (i.e., pain.013) and Drawdown Response (i.e., pain.014) on the Fedwire Funds Service page on the MyStandards® platform provided by SWIFT®.
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Education Page Easier To Navigate

We have refreshed the Fedwire Funds Service ISO 20022 Education page so it’s easier to register for our live events and view on-demand webinars! Our events are now classified under the following categories:

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June FedPayments Manager - Funds On-Demand Webinar

On June 14, 2023, we will post an on-demand webinar that will focus on the ISO 20022 changes to the import and export feature of the FedPayments Manager – Funds application. You can review the import and export Quick Reference Guides that will be available on the FedLine® Training Center in late June to learn more about these features. If you do not have access to the FedLine Training Center, work with your End User Authorization Contact to obtain access. We plan to roll out remaining FedPayments Manager – Funds application on-demand webinars and Quick Reference Guides in early 2024.

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DIT2 Onboarding Continues!

We continue to onboard customers and service providers with their own FedLine Direct® connection to the second Depository Institution Testing (DIT2) environment to support ISO 20022 testing. An onboarding dashboard is available in the Implementation Center to highlight progress. Thank you to the organizations that have started or completed their onboarding tasks. We look forward to working with remaining organizations in the coming weeks.

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More Information?

For additional information, please visit the Fedwire Funds Service ISO 20022 Implementation Center (e.g., register for live events, view recordings of past webinars, FAQs, vendor list). For specific questions related to this newsletter, please contact us.

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