IFX Forum ANNUAL MEETING SET for april 19-22 in Texas; UPDATE TO IFX version 2 TO BE releasED

Expanded "Introduction to IFX" Session Open to Public

WAKEFIELD, Mass., USA – March 16, 2010 – The Interactive Financial eXchange (IFX; http://www.ifxforum.org) Forum has scheduled its 2010 Annual Meeting for April 19-22 in Irving, Texas, USA, hosted by CSC (http://www.csc.com/).  At this meeting, it is expected that the latest version of the IFX specification for electronic financial messaging will be presented to attendees.  Members will also elect Directors and plan work for the coming year.

The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange.  More information about the Forum's 2010 Annual Meeting, along with a registration facility, is available at www.ifxforum.org.  The IFX specification can be accessed at no charge from http://bms.ifxforum.org/.

In addition to the rollout of the new version of IFX and the elections, the April event will feature day-long collaborative sessions for the Forum's active Working Groups, as well as open Architecture Committee meetings, where plans for the Forum's future work will be developed.  The event will kick off on Monday morning with an expanded "Introduction to IFX" session, with special attention to the new features of IFX Version 2, which is especially recommended for representatives of new and prospective Forum members. 

"At every annual meeting, we look back at what we have accomplished during the year.  Our focus over the past year has been incorporating the significant amount of feedback received since our initial release of IFX Version 2 in November 2008.  We are looking forward to formalizing the next release at our Annual Meeting," said IFX Forum President Richard P. Urban.  "I invite all who are interested in the progress of standards for financial data exchange to join us in Texas and help plan the next wave of enhancements and extensions to IFX."

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, from the link at www.ifxforum.org.  Attendance at "Introduction to IFX" is free of charge, but registration is necessary.

IFX Version 2 exemplifies the Forum’s commitment to a business-first, service-oriented approach to standards development, which has been well received.  Hundreds of organizations worldwide have used IFX since its first release over 10 years ago, representing -- as does the IFX Forum membership -- a cross-section of the worldwide financial services industry.  IFX adopters range from large multinational corporations to small focused companies and self-employed consultants, from banks to vendors to service providers, from all regions of the globe.

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 and promote the adoption of its open, interoperable standard for financial data exchange, suitable for use by all sectors of the financial services industry.  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; and Card Management & Servicing.  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. 

The IFX Forum also promotes interoperability of industry standards by working cooperatively with other standards organizations and consortia.  To learn more about the IFX standard or the benefits of IFX Forum membership, please visit www.ifxforum.org.