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ISO 20022 Status Update

The compliance date for ISO 20022 will go into effect on March 10, 2025. We will be putting out training over the next few months to keep you informed about how these changes will impact how you process wires in PATH. Please review the other items you should be considering:

  • Update your templates in PATH
  • Ensure your core is ready to support your bank through the change.
  • Confirm with your online banking partner that they are prepared for the update.
  • Confirm that your mobile banking app is updated to support the change.
  • Ensure other third-parties that support your wire processing is prepared for the update.
  • Identify any and all forms that need to be changed.
  • Budget time in Q1 2025 to train your staff on the new process.

Be on the lookout for more information as we continue to keep you updated and informed.