IFX Versions

IFX Version 2.3

Access IFX Version 2.3

IFX 2.3 includes improvements to the automated XSD generator that is available to Forum members and IFX subscribers, and additional material in several areas of the specification, such as the initial submissions from the Loans Working Group that was launched in 2012.

All interested parties are invited to review the specification in database format at http://bms.ifxforum.org/ and provide their feedback to the IFX Forum. Send comments to ifxversion2feedback@ifxforum.org.

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IFX Version 2.2

Access IFX Version 2.2

IFX 2.2 expands the applicability of IFX to new scenarios and situations, such as mobile and Internet banking, making it more flexible and useful for financial services in the 21st century. Operational improvements and some corrections to existing material have also been also made.

Important extensions to IFX in Version 2.2 include:

Marketing support, such as features for incorporating and tracking marketing campaigns and offers
Valuable specific additions, such as provisions for recurring payments and issuing alerts to account holders
Administrative enhancements, such as loss tracking and support for card inventory management
Provision for parent-child account-to-account relationships
Added functionality for account pricing, delinquency tracking, and portfolio segmentation of customers and accounts

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IFX Version 2.1

Key updates in IFX 2.1 included:

Support of the latest ISO 20022 payment initiation messages and improved mapping of IFX data to ISO 20022
Significant improvements to support for services-oriented architecture (SOA), including user-definable services and improved message header support for routing to internal and external service nodes
Additional support for card management capabilities, which have greatly expanded the definition of the IFX Card object (credit, debit, rewards, etc.)
Improved support of transaction authorizations, including multiple party authorizations
Important enhancements for foreign currency conversions and alternate currencies in payment scenarios
Improved definition of recurring models for payments, transfers and orders
Finalized list of deprecated items from IFX Version 1.x

IFX 2.1 also fixed errata in 2.0.

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IFX Version 2.0

2.0 is an architecturally improved version of IFX, including adaptation to SOA, a consistently applied object model and important new content. IFX Version 2 continues the Forum's commitment to a business-first, service-oriented approach to standards development. It deals with shortcomings in Version 1 that can only be effectively addressed by breaking backward compatibility.

Note that the IFX Forum recognizes that stability in a standard is imperative; therefore, support for IFX Version 1 will continue for the foreseeable future, including enhancements and additional content driven by the Working Groups.

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IFX Version 1.9

Access IFX Version 1.9

Version 1.9 is an enhancement release of the IFX Business Message Specification (BMS), Version 1. Honoring the Forum's commitment to continued support for IFX Version 1 after the launch of Version 2, the new version's enhancements focus on ATM implementations and compliance with the PCI Data Security Standard. Operational improvements and some corrections to existing material were also made.

Extensions include:

Support for devices that can operate in multiple modes (i.e., clerk/teller-operated vs. customer-operated, depending on the time of day), allowing more dynamic interaction between the terminal and the server
Message extension that allows a device to customize operations based on the services a customer is enrolled in, such as mortgage, investment, etc.
Europe-focused ATM enhancements, such as support for local security requirements that exceed those covered by the common industry security standards, and support for Germany's Modular Merkmal (MM) card security token
Removal of any sensitive authentication data, as defined by the PCI DSS, from consumer-initiated Reverse and Modify messages – applicable across all IFX implementations
Support for ATM overdraft notification to customers
Enhancements to ATM cash dispensing and check processing modules

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Information about older versions of IFX is located in an archive.

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