IFX FORUM ATTAINS STATUS AS LIAISON "A" ORGANIZATION TO ISO TC 68, SC7
WAKEFIELD, Mass. – Feb. 26, 2008 – The Interactive Financial eXchange (IFX) Forum today announced that it has been approved as a Category A Liaison organization to the ISO (International Organization for Standardization; http://www.iso.org) TC (Technical Committee) 68's SC (Subcommittee) 7.
The IFX Forum is an international not-for-profit industry association whose mission is to develop IFX and promote its adoption as an open, interoperable standard for financial data exchange. TC 68 deals with standardization in the field of banking, securities and other financial services, and SC 7 covers core banking functions.
"With a membership spanning a dozen countries over five continents, the IFX Forum brings a truly international orientation to our participation in SC 7 activities," said IFX Forum President Richard P. Urban. "We are committed to engaging with others to develop interoperable messaging supporting financial transactions across corporate and national boundaries."
Since its inception, the IFX Forum has consistently been active in the development of international standards. The Forum was named a Category D Liaison to TC 68 in 2006, and it was the first organization to deliver support for a prominent TC 68 deliverable, ISO 20022-UNIversal Financial Industry Message scheme (UNIFI), an international standard that defines the ISO platform for the development of financial message standards. The IFX Forum co-founded the IST Harmonisation team, and it continues to work with other Standards Development Organizations on the harmonization of key standards for inclusion into the UNIFI repository.
Annual Members Meeting April 14-17, Santa Clara, California, USA
The IFX Forum's 2008 Annual Meeting will take place in Santa Clara, California, USA, April 14-17, hosted by Sun Microsystems. IFX Forum Working Groups will hold intensive hands-on sessions, in addition to plenary sessions for membership updates and officer elections and an overview presentation for new attendees. Details and registration are available from a link at www.ifxforum.org.
Prospective members are invited to attend the Annual Meeting for a fee of $695 per person (which will be credited toward membership dues, if application is made within 60 days after the meeting), to become familiar with the group's activities before formally joining. Advance meeting registration is required.
About the IFX Forum
Founded in 1997, the Interactive Financial eXchange (IFX) Forum is an international not-for-profit industry association whose mission is to develop IFX and promote its adoption as an open, interoperable standard for financial data exchange, suitable for use by all sectors of the financial services industry. The IFX Forum also promotes interoperability of industry standards by working cooperatively with other standards organizations and consortia.
Forum membership is open to organizations interested in contributing to the development of open financial standards. Forum members include financial institutions, hardware, software and service firms, and related non-profit groups. The IFX Forum is currently organized into the following Working Groups: ATM/POS; Branch Banking Services; Business Banking; Electronic Bill Presentment & Payment; and Web Services. IFX Forum Working Groups, in concert with an Architecture Committee to coordinate their efforts, develop open Internet-compatible messages for all sectors of the financial services industry. To learn more about IFX Forum standards or the benefits of IFX Forum membership, please visit http://www.IFXForum.org.
For further information:
Judith Vanderkay
Virtual, Inc., (781) 876-6208
jvanderkay@virtualmgmt.com
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