More NewsIFX Supports ISTH with Release of Version 1.6

IFX Supports ISTH with Release of Version 1.6

The Interactive Financial eXchange (IFX) Forum has released an updated version of its IFX message specification which incorporates the XML core payments kernel for corporate-to-bank payment initiation and status messages. Version 1.6, which is open for review, was developed to support International Standards Team Harmonisation (ISTH) and follows on from IFX’s commitment to create an additional version of its standard, before it completes work on Version 2.0. IFX says that with Version 1.6, payment messages can include the payment kernel data in a form that can be passed directly to other systems unaltered. This support allows most IFX users to provide all the data necessary for interoperability with the international standard while remaining consistent with the IFX object model. The IFX Forum, comprised of representatives of leaders in the financial services industry, is a not-for-profit standards-developing organization working to develop a robust framework for the electronic business-to-business exchange of data among financial service institutions around the world.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

4m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

5m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

5m Mateo Graziosi