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IFX Forum Elects at its Annual Meeting Representatives from ALLTEL, e-Bank & Group 1 Software to Serve on Board

May 14, 2002, Alexandria, Va. – The Interactive Financial eXchange (IFX) Forum, which develops Extensible Markup Language (XML) based messages that support multiple types of financial services, elected new Board of Director member representatives from e-Bank, ALLTEL, and Group 1 Software at its annual meeting April 30 – May 2, 2002. The newest members to the Board include:

Reelected to three-year terms were Mark Greene with IBM, Ken Hobday with Checkfree Corporation and Mark Tiggas with Wells Fargo Services Company.

IFX Forum Board officers include:

"The IFX Forum Board continues to diversify its leadership with the foremost banks, technology providers and financial service industry experts to oversee the development and foster use of this key connectivity specification," said Tiggas.

The additional IFX Forum Board members are:

About the IFX Forum
The IFX Forum is made up of leading financial institutions, service providers and software vendors. Membership to the IFX Forum is open to anyone interested in contributing to the development of open financial standards that harness the power of XML. The IFX Forum is currently organized into the following working groups: ATM/POS; Business Banking; Credit Application Processing; Electronic Bill Presentment & Payment; and Insurance. 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 the benefits of IFX Forum membership or to download the specification free of charge, please visit www.IFXForum.org.

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Fax: +1 (781) 224-1239

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