NACHA Joins IFX Forum
NACHA, the electronic payments association, has become a member of the Interactive Financial eXchange Forum (IFX Forum). NACHA representatives will be active in the Forum’s Liaison and Interoperability Working Group (LIWG), which was launched this spring as a centre of expertise within the forum for interoperability with external standards and communications with organisations that develop them.
The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange, IFX, which is available at no charge on its website. NACHA, a not-for-profit association that represents nearly 11,000 US financial institutions, manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data.