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IFX Forum Publishes IFX Implementation Guide, Web Services Supplement

The Interactive Financial eXchange (IFX; http://www.ifxforum.org) Forum, an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange, today announced the publication of an IFX Implementation Guide and a Web Services Supplement, both for IFX Version 2.x. The documents were developed by the Forum's Services Oriented Architecture (SOA) Working Group.

The 40-page IFX Implementation Guide and 43-page Web Services Supplement are available without charge to all IFX Forum members, and they will be included with paid subscriptions to the IFX Business Message Specification (BMS). More information and a sample of the contents of the Implementation Guide appear on the organization's website.

The new documents, provided in PDF format, are intended to assist anyone interested in building an interoperable software application for financial message processing, using the business messages of the IFX specification. The Supplement extends the discussion to Web Services transport. Both employ a helpful "cookbook" step-by-step approach and include guidelines, best practices and recommended procedures, and sample use cases for IFX implementation. In addition to the implementation guides, IFX Forum members and subscribers also have access to utilities that generate fully compliant XSD (XML Schema) files and factor common code from several schema to jump-start the creation of services from several IFX message and object components.

"This Guide is the result of collaboration among IFX members over almost a year of intensive work, and we are very pleased with the results," said SOA Working Group Co-Chair Kyle Cacciatore of FIS™. "Rather than defining an exhaustive specification for IFX implementations, or indicating a preferred implementation of any particular service, we set out to provide the appropriate level of information to enable the use of web services technology with the IFX framework, allowing flexibility for adopters to apply the material to their own environments."

"With the publication of this Guide and Supplement, we are now able to easily offer direct guidance to members and other implementers about how to best use IFX in SOA and other environments, in response to requests that have increased over time," said IFX Forum President Richard P. Urban. "As an added benefit to the entire IFX community, additional programmer productivity tools, the shared success stories and lessons learned while developing the Guide are yielding improvements to the IFX specification. The members of the SOA Work Group have done an excellent job."

The IFX Forum's membership includes organizations from 14 countries on five continents. In addition to developing IFX, the Forum actively engages in international standards activity, including longtime liaison efforts with ISO and contributions to ISO 20022, a leadership role in the Remittance Coalition set up by the U.S. Federal Reserve, and Memoranda of Understanding with ASC X9, BIAN and EPASOrg.

The Forum welcomes additional members to join in all its activities. More information can be found at http://www.ifxforum.org/join/. The Forum also hosts a free IFX Discussion Forum, where knowledgeable members and other subject matter experts will answer IFX-related questions from the public.

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 and promote the adoption of its open, interoperable standard for financial data exchange, suitable for use by all sectors of the financial services industry. 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; Loans; and Service Oriented Architecture (SOA). 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 IFX standard or the benefits of IFX Forum membership, please visit www.IFXForum.org.

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