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ISO 20022 refers to a new message format that will be adopted by the Fedwire Funds Service on July 14, 2025, four months later than the initial deadline of March 10 established in June 2022. The goal of the new format is to enhance the quality of financial messaging, facilitate cross-border payments, and reduce manual processing.
RTP has also participated in cross-border initiatives like Immediate Cross-Border Payments (IXB) and built value-addedservices for its members – like the ability to attach PDF or XML documents to payment requests, and account number tokenisation.
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