WAKEFIELD, Mass.--(BUSINESS WIRE)--
The Interactive Financial eXchange (IFX)
Forum's Board of Directors has announced its decision to restructure the
role of Forum President as a full-time position, and has appointed
Richard P. Urban to fill it.
The IFX Forum is an international non-profit industry association whose
mission is to develop and promote the adoption of its open,
interoperable standard for financial data exchange, the IFX Business
Message Specification. Urban has served as the group's part-time
President in a volunteer capacity since 2003.
"In order for the IFX Forum to continue to grow and flourish, the Board
determined that this position was needed to properly concentrate on the
emerging opportunities within the financial services and standards
communities," said Richard DuVall of ACI Worldwide, Inc., the Forum's
Chairman. "We're pleased that Rich Urban has accepted the position, and
with his full-time involvement we anticipate a higher level of
membership and cross-standards activities for the organization."
"The IFX Forum is already making a significant difference to standards
initiatives in the financial services arena. I'm thrilled about this
opportunity to take it to the next level," said Urban. "Our organization
has thrived on the efforts of members and volunteers over the past 16
years and will continue to do so. My goal now is to expand upon those
achievements and ensure that we can successfully tackle new challenges. "
In addition to developing the IFX messaging standard, 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
The IFX Forum's members and subscribers span 17 countries on five
continents, and 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 Forum members and other
subject matter experts will answer IFX-related questions from the
public. The specification is available at no charge at http://bms.ifxforum.org/.
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 all 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 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. More
information about IFX and the benefits of IFX Forum membership can be
found at www.IFXForum.org.
Judith Vanderkay, +1 781-876-6208
Source: IFX Forum