Standardization and rich data for payments and beyond
ISO 20022 is a global standard for financial institutions that exchange wire payment messages through Fedwire and SWIFT cross-border payment networks. It improves the quality and consistency of payment information, helping to increase processing efficiency, speed and reporting capabilities.
Key benefits of ISO 20022
ISO 20022 provides companies with access to more consistent, detailed transaction information, helping to improve payment processing and reporting.
Faster payments
Data-rich insights
Additional resources
Digital Banking Domestic Wire Recipient Update Guide
This guide will help you update a domestic wire recipient to make sure all required address information has been entered in the system and that the recipient is available for wire initiation.
Digital Banking Domestic Wire Cancelling Wires & Recipient Update Guide
If you have a recurring or future-dated scheduled wire that contains a recipient and requires an update, the wire or recurring wire series must be deleted and reestablished after the recipient has been updated. This guide will walk you through the process.
