Statements
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A Message From Our Team
Happy October! 🎃 Fall into our latest batch of updates designed to make managing your financial institution even smoother. This month, we're excited to highlight new features for the Banno Support app case queue, seamless browser-based key generation for developers, the launch of our new Origination Pilot & Beta Hub for lending and deposits, and so much more. Dive in below to see what's new!
ISO 20022 Conversion: FRFS Postpones Deadline
Federal Reserve Financial Services (FRFS) has decided to reschedule the Fedwire Funds Service ISO 20022 implementation from March 10 to July 14, 2025.
This will provide financial institutions and vendors who are not ready additional time to better prepare for the transition to the new ISO 20022 format. You can read more about the update on the Federal Reserve website. [Edited May 2026: The Federal Reserve has deprecated that webpage since this Statement article was originally published.]
What Does This Mean?
The FAIM wires format will continue to be available until the new ISO 20022 implementation date in July. We will continue to post updates to the ISO 20022 Resource Center on the For Clients Portal. Here you’ll find information for all cores and areas of Jack Henry Digital Banking.
In the meantime, we have added a print/download option to all templates. You can read more about this in our January Statement. While the option to save templates is available, please make sure you are communicating with your end users that the option for templates is there if they need it – as come Jul 14, 2025, all current FAIM wires will no longer be available.
Additional Resources
If you were unable to make the Banno Business ISO webinar on February 5, you can view the recording on the For Clients Portal > ISO 20022 Resource Center > Banno Business. There, you can also find common FAQs that we received during the webinar.