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IFX is committed to maintaining backwards compatibility so that implementations are reliable even as new capabilities are added. The stated policy of IFX is that all specification changes that affect IFX messages must be fully compatible with the previous …
IFX Version 2.2 IFX 2.2 expands the applicability of IFX to new scenarios and situations, such as mobile and Internet banking, making it more flexible and useful for financial services in the 21st century. Operational improvements and some corrections to …
Implementations based on earlier versions of the IFX standard continue to operate in production environments. This short history of older versions illustrates the commitment of IFX Forum to continuous evolution of the standard. Each successive version of …
The IFX standard uses a service-oriented architecture (SOA) framework for interactions between businesses and applications. The framework exposes obvious design patterns, standard abbreviations and common message handling techniques that make it easy to …
Afinis Governing Board Organizations Bank of America NCR Commerce Bank Oracle Fiserv TD Bank Koxa Valley Bank Nacha Wells Fargo Afinis Members Accredited Standards Committee X9 FRB Chicago Nacha Alkami Technology, Inc FRB Cleveland Navy Federal …
This rule is a major enhancement to Same Day ACH, as the dollar limit per payment quadruples to $100,000. Among the many uses of Same Day ACH, B2B payments are expected to reap some of the biggest benefits. Nacha estimates 97% of all ACH B2B payments are …