Jan 16, 2013, 2:00pm

The Interactive Financial eXchange (IFX; http://www.ifxforum.org) Forum announced today that it has published Version 2.3 of IFX, its open, interoperable standard for financial data exchange. The IFX specification is available at no charge at http://bms.ifxforum.org/. More than three thousand individuals around the world have registered to access IFX.

The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of the IFX specification. The new version's enhancements include 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.

"The publication of IFX 2.3 continues our commitment to augmenting and improving the specification for the benefit of the worldwide financial services industry," said Richard P. Urban, President of the IFX Forum. "We're grateful for the dedicated efforts of the participants in our Working Groups and Architecture Committee, which have collectively enabled the Forum to address the needs of IFX users for nearly 15 years."

Hundreds of organizations worldwide have used IFX, 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 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; Card Management & Servicing, Liaison & Interoperability, and Loans. 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.