Browsing: Faster payments

Newsbytes Fed to delay ISO 20022 implementation until 2025

The Federal Reserve signaled that it intends to delay the implementation of the International Organization for Standardization’s 20022 message format for the Fedwire Funds Service to sometime in the first quarter of 2025. T

Newsbytes ABA to policymakers: Don’t undermine private-sector payments innovation

In a statement for the record of a House Financial Services Committee task force hearing, ABA urged lawmakers to “remain vigilant and deliberate” in their policymaking to ensure that regulations support innovation in mobile banking and payments, rather than overregulating or replacing private sector innovators.

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