IFX FORUM ADDS REPRESENTATIVES OF cITIGROUP AND TATA CONSULTANCY SERVICES TO BOARD
Incumbent Directors, Officers Re-Elected at 2010 Annual Meeting in Texas
WAKEFIELD, Mass. – May 20, 2010 – At its 2010 Annual Meeting, held April 21, 2010, the Interactive Financial eXchange (IFX) Forum member companies' representatives re-elected Victor Dossey, Microsoft Corporation, and Ewan McGuire, NCR, to the Forum's Board of Directors for terms expiring in 2013. In addition, Richard Feight of Citigroup was elected to fill an open three-year seat, and Murray Heldon of Tata Consultancy Services (TCS) was elected to a one-year term.
The newly constituted Board then re-appointed President Richard P. Urban and re-elected Chairman Richard DuVall of ACI Worldwide, Treasurer Lee Hou of FIS, and Secretary Mark Tiggas of Wells Fargo.
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. The group's 2010 Annual Meeting took place in Irving, Texas, hosted by CSC.
The IFX Forum gathering was also distinguished by a well-attended three-hour "Introduction to IFX" tutorial session presented by Mr. Urban on the event's first day, which focused on the new features of IFX Version 2. Videos of the session will later be posted on the Forum' website, and the presentation itself may be downloaded from a link on the home page, www.ifxforum.org .
As is customary for an IFX Forum face-to-face meeting, the Texas event featured intense hands-on collaborative sessions for the Forum's active Working Groups: ATM-POS, Branch Banking Services, Business Banking and Card Management & Servicing. Additional days were devoted to IFX architectural considerations. The Forum's Steering Committee also met to discuss and advance the group's business plans, including extended discussion with representatives from BIAN (Banking Industry Architecture Network) about how best to collaborate going forward, considering the recently signed Memorandum of Understanding between IFX and BIAN.
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; 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. To learn more about IFX Forum standards or the benefits of IFX Forum membership, please visit www.IFXForum.org.
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