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Go further, faster with Fedwire ISO 20022

Instant settlements, real-time visibility, and complete automation for Fedwire payments.
OverviewBenefitsFeaturesFAQs

Fedwire processing, fit for the future

Process wires on a Fed certified ISO 20022-native platform and harness the rich data capabilities of the global standard for payment processing. Think frictionless integration, optimized efficiency and future-proof compliance. All seamlessly connected to your core and other systems with the ability to post in real‑time, available 24/7.

Benefits you can bank on

Accelerates speed to market

Our pre-wired, tested and certified connections to the Fed keep you a step ahead to implement Fedwire, keep up with ISO 20022 standards, and launch value-added services.

Enhances compliance capabilities

Eliminate the burden of compliance with robust controls, monitoring, and reporting to meet evolving regulations, mitigate risks, and promote transparency and accountability.

Faster settlements, greater customer experience

Enjoy up to 70% faster Fedwire processing, offering faster, transparent and more efficient payment services.

Cost optimization and efficiency

Streamline payments, automate tasks, and reduce errors for cost savings and efficiency, enabling banks to pursue strategic initiatives.

Grow revenue

Increase revenue by offering Fedwire APIs to corporate customers and fintechs who want to embed Fedwire payment processing from their platforms.

ISO 20022-native

Send, request and receive wires through APIs, messages or digital banking in the ISO 20022 standard on a Fed certified ISO-native platform.

Workflow automation

Define and customize internal processes and controls. Streamline operations with flexible, automated and auditable workflows including approvals.

Award-winning experience

Give your business customers an exceptional wire payment experience to send, request, and receive wires, with real‑time notifications.

Open APIs

Offer complete APIs to internal and external ecosystems, helping them embed wire payment processing in their experiences with real‑time notifications.

Real-time notification

Enhance customer experience with real-time notifications via webhooks and FTP, ensuring timely updates and engagement with your platform.

Multichannel Fedwire connectivity

Support for initiating Fedwire transactions across multiple channels and interfaces – including APIs, bulk files, branches, and digital banking.

Upfront validation checks

Get granular upfront validation of limits, duplicates, fraud, counterparties, balances, and accounts to minimize payment failures.

Sweep transaction automation

Send, request and receive instant payments 24/7, 365 days of the year through multiple channels — APIs, bulk files, digital banking and in-branch.

Finzly Payment Hub

Manage all payment rails in a modern, unified experience.

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Enjoy up to 100% STP on an ISO 20022-native Fedwire platform

Imagine being fully-prepared ahead of deadlines — ensuring up to 100% STP and reducing wire settlement times with complete automation. Our Fedwire solution is already Fed certified for ISO 20022. This lets your bank process messages in the new format before the deadline. It also gives you deeper insights into customer transactions, behavior patterns, and preferences. 

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"As we looked for a new payments operations partner, we were impressed with Finzly's technology and expertise."

Lindsay Lawrence, Chief Operating Officer, EverBank

"Through Finzly's advanced payment infrastructure, we now lead the way in delivering advanced payment experiences, positioning us at the forefront of financial innovation."

Nick Rosenberg, Executive Vice President, Metropolitan Commercial Bank
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"Finzly has enabled us to consolidate all our payments rails into one, automate payment processing, eliminate redundant systems and reduce system maintenance costs."

Bala Nibhanupudi, Chief Operating Officer, First Bank

"Finzly arms us with the long-term competitiveness to thrive, collaborate, and compete with fintechs. Their Payment Hub gives us the speed and agility to significantly improve our operational efficiency while giving us the confidence to innovate in the open ecosystem."

LaVonda Renfro, Chief Operating Officer, Veritex Community Bank

Powered by a scalable, real‑time, 24/7, resilient architecture

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Insights

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Instant Payments and Payments Hubs: Is a Payments Hub the Missing Piece to your Payments Puzzle?

ISO 20022: The Untapped Opportunity for Financial Institutions

ISO 20022 for Fedwire: A Strategic Imperative for Financial Institutions

Finzly Among the First to Receive Fed Certification for Fedwire ISO 20022

Commercial Bank Modernizes Payment Processing Without Disrupting Their Legacy Core

Webinar On Demand – Fedwire migration to ISO 20022: From compliance to competitive advantage

Finzly produced a playbook on how financial institutions can enter the FX payments market with the right FX solution.

Playbook – Fedwire Transformation for ISO 20022

Is your bank ready for the ISO 20022 mandate?

FAQs

What is the Fedwire service?

Fedwire is a real‑time gross settlement system operated by the Federal Reserve Banks that provides clearing and settlement services for high-value interbank transactions. The Fedwire system allows financial institutions to quickly and securely transfer large sums of money between each other in real time.

Why is Fedwire moving to ISO 20022 message standards?

Adopting the Fedwire ISO 20022 message standard should help the market infrastructure meet the increasing customer demands for richer data, help customers more easily comply with evolving regulatory requirements, improve the Fedwire Funds Service’s interoperability with other payment systems in the interconnected, global economy, and help customers enhance their client services.

What is the cutover day to move Fedwire messages to the new ISO 20022 format?

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.

What are the testing deadlines for TPSPs like Finzly and for financial institutions?

Finzly's Fedwire solution was among the first to achieve Fed certification announced on April 11, 2024. The deadline for financial institutions to complete testing is December 31, 2024.

What is the difference between Fedwire and ACH?

Fedwire is a real-time settlement system for immediate, high-value transactions between banks, while ACH is a batch processing system used for lower-value payments like payroll and recurring transactions. Understanding the differences between Fedwire vs. ACH can help businesses choose the right payment method for their needs.

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