Wire transfers remain a critical payment method for high-value, time-sensitive transactions. However, many financial institutions still rely on outdated, manual processes—resulting in delays, increased fraud risk, and costly inefficiencies.

With the ISO 20022 migration for Fedwire scheduled for July 2025, the need to modernize wire processing is more urgent than ever. Institutions must move beyond legacy systems to stay compliant and competitive.

In the article, The Hidden Costs of Legacy Wire Processing—And How to Fix Them, Alacriti breaks down the operational and compliance challenges of traditional wire workflows—and how to solve those challenges.

Learn:

• The risks and hidden costs of legacy wire processing.
• How automation and fraud detection improve efficiency and security.
• Why a centralized payments hub can unify wires, instant payments, and ACH into a single interface.
• How Alacriti’s Orbipay Payments Hub for Wires prepares your institution for ISO 20022 and beyond.

Modernizing wire processing isn’t just smart—it’s necessary. Discover how to eliminate inefficiencies, reduce fraud risks, and ensure regulatory readiness.