What is the FIDM Program Standardization?
This system is based on federal specifications jointly developed with financial industry workgroups at the federal level in 1997 and 1998 and finalized March 5, 1999. The specifications are largely based on the Massachusetts Financial Data Match Program which was the first program running live in the United States. National state level development of financial institution data match systems is being standardized as much as possible to ensure compatibility in the case of future processing consolidation at a regional or national level.
