Article: IFX Forum, ASC X12 Collaborate on Data Standards Development for the Financial Services Industries.

Business Editors

ALEXANDRIA, Va.--(BUSINESS WIRE)--Feb. 14, 2003

The Interactive Financial eXchange (IFX) Forum and the ANSI Accredited Standards Committee (ASC) X12 announced today a new Memorandum of Understanding to collaborate on data standards development for the financial services industries.

Both organizations will work together to develop a single set of financial XML transactions that meet both organizations' business and architectural requirements.

Industry leaders reviewing the agreement say cooperation between the IFX Forum and ASC X12 will speed integration of financial services specifications with other leading ...

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