Education

SFE provides professional development sessions to keep you prepared for rapid changes in ACH, check, card wire and emerging payments systems allowing you to choose the training methods that work best for your staff.
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Publications

SFE offers a wide variety of publications which are valuable tools to help you increase awareness and understanding of established rules and applications, reduce risk and increase operational efficiency.
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Member Information

SFE members receive SFE News Link every two weeks which contains a brief overview of an issue, typically with a link that provides additional detailed information. SFE members also have access to SFE Support Hotline, samples, forms, in addition to deep discounts on education, publications and service.
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Consulting

Our expertise in payments – Available to you! SFE can provide consulting assistance on a variety of payment topics. We can help you recognize and take steps to mitigate risks. Need an audit or a risk assessment conducted on a payments product? SFE has conducted hundreds of these for ACH, RDC and Wire!
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News and Info

Federal Reserve Banks Pause Fedwire® Funds Service’s Migration to ISO® 20022 Messages to Assess Industry Request

Based on a recent industry request to revisit the ISO 20022 migration strategy, the Federal Reserve Banks announced a pause in their previously announced plans for a three-phased migration to the ISO 20022 messaging standard for the Fedwire Funds Service. As a result, Phase 1 will not be implemented in November 2020. The Federal Reserve Banks will provide an update regarding their implementation plans once the assessment is complete.

Fed's FedNow Service

Responses due November 7th

By now, you should have seen news articles regarding The Board of Governors of the Federal Reserve System’s notice and request for comment (RFC) for FedNow. Southern Financial Exchange (SFE) welcomes a chance to respond and supports the Fed’s efforts, but the RFC leaves many questions unanswered. The Fed is seeking comment and direction from the industry, hence SFE recommends that our members actively participate and provide direction. This document is intended to provide Questions and Key Considerations as well as helpful information to consider as FI’s craft their responses. Responses to the Fed are due November 7th.

SFE & Center for Payments Release Survey Results on Faster Payments Readiness

The payments industry continues to evolve with improvements to network functionality and the introduction of entirely new payment rails. Trends from around the world indicate that momentum for faster payments continues to increase and expand geographically. How are financial institutions in the U.S. responding to this global trend? This study, commissioned by the Center for Payments, surveyed payments association members from across the United States to examine how financial institutions and others are planning or implementing a payments strategy and adopting new technologies, like faster payments solutions. A deeper dive into the survey responses demonstrated differences in financial institutions of various asset sizes.

Federal Reserve Announces Plan to Develop a New Round-the-Clock Real-Time Payment and Settlement Service to Support Faster Payments

The Federal Reserve Board on Monday announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow℠ Service, to support faster payments in the United States. The Board anticipates the FedNow℠ Service will be available in 2023 or 2024. They are now requesting comment on how the new service might be designed to most effectively support the full set of payment system stakeholders and the functioning of the broader U.S. payments system.

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Wed
16
2019
October 16, 2019
8:30AM-12:30PM

ACH Fundamentals

New Orleans, LA

Wed
16
2019
October 16, 2019
3:00-4:00PM

ACH Origination Agreements

Webinar

Thu
17
2019
October 17, 2019
8:30AM-12:30PM

ACH Fundamentals

Memphis, TN

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None at this time.