Afinis Interoperability Standards released two APIs to assist financial institutions’ business clients with account ownership validation and with payment initiation. Afinis is a membership-based organization that focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally.

Adopting the new APIs will help corporate banking customers better access detailed financial data across banking platforms

This document goes with the API: Bank Contact v2 This API allows a financial institution to input and receive contact data from the Nacha database.

Afinis brings diverse collaborators together to build and test solutions, develop implementable and portable standards, and provide thought leadership on the shared goals of advancing efficiency, surety and security, and interoperability for financial services.

Afinis announced today it has partnered with XMLdation to enable its stakeholders to leverage the Finland-based company’s testing capabilities within Afinis’ developer portal.

Version 2.x

Version 2 is an architecturally improved version of the IFX Business Message Specification (BMS), including refined adaptation to SOA, a consistently applied object model and important new content  IFX Version 2 continues the Forum’s commitment to a business-first, service-o

Diagram

This diagram shows the basic container hierarchy of every object in the IFX Standard. The data attributes commonly associated with an object are found mostly in the xxxInfo segment and the current state of the object is found in the xxxStatus segment.

The IFX standard uses a service-oriented architecture (SOA) framework for interactions between businesses and applications.

Nacha is leading the industry effort on API standardization. To accomplish this objective, Nacha supports Afinis Interoperability Standards, a membership-based governance organization that brings together diverse collaborators to develop implementable, interoperable, and portable financial services standards.

Calling all innovators! Participate in Afinis' joint efforts to streamline the modern payments industry. We're more than 50 members strong, with our 23 APIs being part of more than 2 million API transactions!

The Year in Review Report provides a high-level look at some of the major Afinis accomplishments that took place in 2018.

API standardization is key to creating efficiency and interoperability in financial services. That’s where Afinis Interoperability Standards comes in.