Credit Gateway

Overview

The Credit Gateway is a deposit program that the U.S. Treasury’s Bureau of the Fiscal Service uses for the receipt of federal agency Fedwire and Automated Clearing House (ACH) credit transactions. The Credit Gateway is a service operated by a commercial bank that has been designated as a financial agent of the government. The bank processes Fiscal Service transactions using its own infrastructure and commercial software. However, the transactions settle at Federal Reserve Banks, rather than at the commercial bank. The Gateway interfaces directly with Federal Reserve Bank systems to process transactions. As collections are processed by the Gateway, detail transaction information is sent in real time to Fiscal Service systems, namely the Collections Information Repository (CIR).

Some of the benefits of the Gateway include:

• Reduced costs through the decommissioning of redundant legacy applications
  


• Increased insight into transactions through a tiered account structure that provides the ability for agencies to receive cash flow data at a more granular level than has been the case previously
  


• Improved cash forecasting and decision making by providing near real-time access to transaction information
  

The Credit Gateway was implemented in multiple phases over the course of two years. Legacy collection systems were migrated one at a time to the new Gateway. Migrations included the Fedwire Deposit System (FDS) and the Remittance Express (REX) applications. The Federal Reserve Electronic Tax Application (FR-ETA) was also migrated, under specially branded Credit Gateway functionality called the Federal Tax Collection Service.

Future migrations will include the Fiscal Service's electronic lockboxes and ACH credit collections associated with the Electronic Federal Tax Payment System EFTPS. The Fiscal Service will make every attempt to minimize impacts to agencies and external customers during these migrations.

For more information on the Credit Gateway, please e-mail us at: Settlement.Services@fms.treas.gov.