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IFX Forum Signs ACH Colombia and Interblocks as Newest Members

August 11, 2014



WAKEFIELD, Mass.--(BUSINESS WIRE)-- The Interactive Financial eXchange (IFX; http://www.ifxforum.org) Forum today announced that two members have joined at the Small Business level: ACH Colombia, a private clearinghouse providing services to the majority of banks in Colombia, and Interblocks, a service delivery solutions provider for the global banking, financial services and telecom markets, based in Sri Lanka. ACH Colombia is a new member; Interblocks was previously a member but had left the Forum several years ago.

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, IFX, which is available at no charge at http://bms.ifxforum.org/. The Forum's members and subscribers span 17 countries on five continents.

"Our newest members demonstrate the reach of IFX across the globe, and the value of Forum participation regardless of geography," said Richard P. Urban, President of the IFX Forum. "As we continue and expand our work with other international standards bodies, we need the involvement of all of our members, to ensure that insights from every region are included."

"Membership in the IFX Forum provides ACH Colombia with an excellent avenue to stay informed about and to participate in the development of international financial standards," said Gustavo Vega, CEO, ACH Colombia. "We look forward to employing our experience to help the Forum drive best practices for financial transaction messaging internationally."

"The IFX Forum has been part of the Interblocks success story, and we have always valued the IFX Forum, its mandate and purpose. We have been successful in proving the advantages of the mandate of IFX to our customers globally and look forward to being part of the Forum and contributing our experience and expertise in furthering the objectives it has set out to achieve," said Dinesh Rodrigo, Chief Executive Officer, Interblocks.

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 Forum 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 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, 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 IFX or the benefits of IFX Forum membership, please visit www.IFXForum.org.




For further information:

Virtual, Inc.

Judith Vanderkay, 781-876-6208

jvanderkay@virtualmgmt.com


Source: The Interactive Financial eXchange


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