On September 13, 2010, the Financial Management Service started to use Credit Gateway as a deposit program for the receipt of federal agency Fedwire and Automated Clearing House credit transactions. It is an effort to modernize the collections and cash management programs of the US Department of the Treasury and is being implemented in multiple phases over the course of two years.
The Credit Gateway is operated by a commercial bank that has been designated as a financial agent of the government. The bank processes FMS transactions using its own infrastructure and commercial software. The transactions settle at Federal Reserve Banks, rather than at the designated commercial bank. The Credit Gateway processes transactions in real time to FMS reporting systems, namely the Transaction Reporting System.
- Bushwood, Bill (April 19, 2010). "April 19, 2010 letter to all agencies" (PDF). Financial Management Service. Retrieved 7 November 2012.
- "Before & After Credit Gateway Comparison" (PDF). Financial Management Service. Retrieved 7 November 2012.
- "Common Questions" (PDF). Financial Management Service. Retrieved 7 November 2012.