The Federal Reserve will use ISO 20022, an internationally accepted data-rich messaging standard, to define the message flows and formats for the FedN

The Federal Reserve will use ISO 20022, an internationally accepted data-rich messaging standard, to define the message flows and formats for the FedNow Service. https://www.frbservices.org/financial-services/fednow/prepare-for-fednow/iso-20022-what-you-need-to-know#:~:text=The%20Federal%20Reserve%2