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
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
"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
"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
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
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:
Source: The Interactive Financial eXchange