IFX releases version 1.4 specification for public review

The Interactive Financial eXchange (IFX) Forum released for public review today the latest version of the IFX specification, Version 1.4, which incorporates new features to support ATM, POS and other financial channels.

This new version builds on IFX's multi-channel capabilities, such as enabling customers to deposit, withdraw and transfer funds, and allows financial institutions to exchange essential information with their customers, their service providers, and other financial institutions. "IFX is a well-designed specification developed by both the financial industry and its technology providers - a productive collaboration that produced an extensible and interoperable standard for all the industry to use," said IFX Forum Chairman Mark Tiggas of Wells Fargo Services Co.