Interactive Financial eXchange Forum
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- Fall 2010 -
Interactive Financial eXchange Forum 
In This Issue
IFX Forum Face-to-Face Meeting
IFX 2.1 Ready to Go
Meet Rich Urban at Sibos
IFX Forum Liaison Activity
Quick Links
How to Join
 the IFX Forum


If your organization would like to become a member of the IFX Forum, send an email message to membership@ifxforum.org.  You will receive a set of materials in response: the Forum Bylaws and Membership Rules for your reference (also available from links at the top of this page), the Membership Application, and a Membership Letter customized to your organization.  You should fill out and sign the Application and Letter, and return to the address noted.  You will then receive an invoice at the appropriate dues level, and all privileges will begin as soon as dues payment is received.

Information about membership is available here.

New!
Download Our Membership Benefits Presentation


To help organizations understand the benefits of participating as a member of the IFX Forum, we have created a brief PowerPoint presentation.  You can download it from the link on our home page, at http://www.ifxforum.org.
"Introduction to IFX 2.X" Audio Presentation

You can now download your own copy of the "Introduction to IFX 2.X" session to watch and listen to at your convenience, at no charge.  This material is distilled from the presentation delivered at the Forum's 2010 Annual Meeting by Richard Urban. 

There are four PowerPoint presentations with sound, each lasting 20-30 minutes:
IFX Governance
IFX Framework and Services Model
IFX Objects and Data
IFX Messaging

Instructions for downloading and accessing the narratives are posted on our website, together with the files.  
Welcome to the IFX Forum Newsletter!

This newsletter brings you news and updates about the IFX specification and the activities of the IFX Forum approximately four times a year.  Past issues of the newsletter are also on our website

If you have a story you would like to share, a question about an article or a topic you would like to see covered, please write to info@ifxforum.org.
IFX Forum Face-to-Face Meeting,
October 4-7, Cincinnati, Ohio, USA
IFXglobeYou're invited to join us at the October 2010 Face-to-Face Meeting of the IFX Forum , which will take place October 4-7 in Milford, Ohio (near Cincinnati), USA, generously hosted by TCS.  Representatives of our member companies will convene to work on and discuss the future direction of the IFX specification. 

We encourage anyone who is interested in the progress of standards for financial data exchange to join us and help plan the next wave of enhancements and extensions to IFX, following IFX 2.1.

The four active Working Groups -- ATM/POS, Branch Banking Services, Business Banking and Card Management & Servicing -- will have hands-on working sessions, followed by Architecture Committee discussions for all attendees.  These quarterly meetings are an important platform for the Working Groups' efforts, in addition to the teleconferences that move their work along in between events.  The Steering Committee will also meet to cover business topics, and there will be a brief Members' Meeting as well.

Non-members, as always, are cordially invited to attend the meeting to "test drive" Forum activities before joining, for a fee of $695 per person, which can be applied toward the first year's dues.  Or, non-members can join the Forum in advance of the meeting and send any number of representatives at no charge.  IFX Forum members may send as many attendees as they like at no charge.  For more information, email info@ifxforum.org.

Registration, agenda and location details are available here.

Recommended Hotel
The recommended hotel is the Homewood Suites, Milford, Ohio, 600 Chamber Drive, Milford, Ohio, USA 45150.  Mention that you are visiting TCS/Tata Consultancy Services and that you qualify for their $99 corporate rate.  As this is a busy time of year, the hotel may fill up.  In that case, please visit our website for alternative suggestions.

Phone: +1 513-248-4663
Ask for: Tata Consultancy Services rate

The hotel room rate includes breakfast and a "happy hour" at the end of the business day.  It is about three miles from the meeting facility, which is at 1000 Summit Drive in Milford.
IFX Version 2.1 Ready for Release
We're pleased to announce that the final Release Candidate for Version 2.1 of the IFX specification is now available at
http://bms.ifxforum.org/.
There is no charge to access IFX, but you must register at the site.  The Forum expects to make the release official at the October meeting.

The Forum's 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, enriching the specification with new messages as well as enhancing existing content.  Key updates include:
  • Support of the latest ISO 20022 Payment Initiation messages and improved mapping of IFX data to ISO 20022
  • Final improvements to support for SOA, including implementation-specific definitions of 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 (credit, debit, rewards, etc) Card object
  • Improved support of transaction Authorizations, including multiple party authorizations
  • Additional improvements 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 v1.x
And there is much, much more...we invite you to see for yourself at http://bms.ifxforum.org/.
Meet IFX Forum President Richard Urban at Sibos in Amsterdam
If you are going to the Sibos financial services event this year (October 25-29 in Amsterdam, The Netherlands), set aside a little time on your schedule to meet Rich Urban and hear about the newest developments with IFX.  If your company is not a member of the Forum, Rich can explain how participating in the Forum could benefit your organization.  To set up a time to meet, just send an email message to Judith Vanderkay of the IFX Forum Secretariat, jvanderkay@virtualmgmt.com
IFX Forum Plays on the World Stage
Since its inception, the IFX Forum has made it a point to work with other major standards development organizations in the financial services sector worldwide.  The Forum has been a major contributor to the development of the ISO (International Organization for Standardization; http://www.iso.org) 20022 UNIversal Financial Industry Message scheme (UNIFI), an international standard that defines the ISO platform for development of financial message standards.  The IFX Forum co-founded the IST Harmonisation team (ISTH), and we were in fact the first organization to deliver support for ISO 20022, in IFX 1.6.

Currently, the IFX Forum is active as a Category A Liaison organization to the ISO TC (Technical Committee) 68's SC (Subcommittee) 7, sending our representatives to its meetings around the world. 

Recently, the IFX Forum and the Banking Industry Architecture Network (BIAN; http://www.bian.org), signed a Memorandum of Understanding (MOU) outlining plans to collaborate in developing and furthering the adoption of standards that enhance interoperability within the banking industry.  In addition, the Forum participates directly in relevant conferences on standards development, including those held by ANSI (American National Standards Institute; http://www.ansi.org/) and the financial forum Sibos -- see accompanying article about President Richard Urban's attendance at Sibos 2010.

Visit the IFX Forum on the Web here.