IFX Forum Experiences Significant Membership Growth in 2001
November 27, 2001, Alexandria, Va. The Interactive Financial
eXchange (IFX) Forum, the leading financial industry standards
setting body, is proud to announce significant growth in its
membership in 2001. Joining the ranks of industry-leading financial
institutions, service providers and software vendors that have
championed the creation of the next generation financial messaging
protocol are the following organizations: CUNA, Deutsche Bank,
e-Bank, HNC Software, Lending Tree, State Farm Insurance, and
webMethods.
"The IFX Forum continues to attract participation from leading
members of the financial services community that represent the full
spectrum of the constituents it serves," said Mark Tiggas, President
of the IFX Forum. "The broad perspectives and experience
represented on the IFX Forum ensure a robust standard that will
meet the information sharing needs of the financial services industry
both today and in the future."
The IFX specification is a publicly available XML financial
messaging protocol made up of a powerful framework and an
interactive set of messages that support multiple types of financial
services. In addition to showing support through membership,
several of the newest members of the IFX Forum are actively
working towards implementing IFX in their respective businesses.
"We at e-Bank utilize the IFX specification as our standard for
software development due to its flexibility and efficiency," said
Randy Orkis, Chief Technology Officer for e-Bank. "By using this
common financial language, we enable our clients to seamlessly
delivery personalized service to their customers, independent of
time and location. We view e-Bank's use of the IFX standard, and
our participation in the IFX Forum, as tremendous technological
and business advantages."
"The webMethods integration platform can support the IFX
protocol to help fulfill the diverse requirements of our customer's
e-commerce infrastructures," said Ian Warford, Director of Global
Financial Services for webMethods. "Our participation in
developing and implementing the IFX protocol enables us to
enhance our customer's internal supply chain processes that
support worldwide business interactions."
IFX specification - v1.2 - is publicly available for download at
www.IFXForum.org, and features a wide range of functions that
allow financial institutions and associated service providers to
access account information, download credit card statements,
transfer funds, process consumer and business payments, enable
bill presentment, and improve customer service. The IFX
specification supports a broad range of client devices, such as any
standard Web browser software, personal computers with
personal financial manager (PFM) software, voice response units
(VRUs) that provide bank by phone services, automated teller
machines (ATMs), consumer handheld devices, or mobile
telephones with data capabilities. The IFX Specification is updated
twice a year, allowing for emerging business requirements to be
integrated in the specification.
About the IFX Forum
The IFX Forum is made up of a consortium of industry leading
financial institutions, service providers and software vendors.
Membership to the IFX Forum is open to anyone interested in
contributing to the development of open financial standards. The
IFX Forum is currently organized into the following working
groups: Architecture, Electronic Bill Presentment & Payment;
Business Banking; Credit Applications Processing; and Insurance.
To learn more about the benefits of IFX Forum membership,
please visit www.IFXForum.org.
About e-Bank
e-Bank (http://www.ebancllc.com/) is backed via partnerships with
technology companies Compaq Computer Corporation (NYSE:
CPQ), Corillian Corporation (Nasdaq: CORI), Science
Applications International Corporation (SAIC) and Microsoft
Corporation (Nasdaq: MSFT), along with Huntington Bancshares
Inc. (Nasdaq: HBAN). Based in Columbus, Ohio, e-Bank
provides a software solution to financial institutions that
consolidates comprehensive customer information from all core
and delivery channel applications to enable standardized delivery
of personalized service that meets today's 24x7 consumer needs.
e-Bank's solution improves financial institutions' operational
efficiencies and cross-selling opportunities, creating greater
customer loyalty and higher profitability.
About webMethods, Inc.
webMethods, Inc. (Nasdaq: WEBM - news) is a leading provider
of integration software. The webMethods integration platform
allows customers to achieve quantifiable R.O.I. by linking business
processes, enterprise and legacy applications, databases and
workflows both within and across enterprises. By deploying the
webMethods integration platform, customers reduce costs, create
new revenue opportunities, strengthen relationships with
customers, substantially increase supply chain efficiencies and
streamline internal business processes.
Founded in 1996, webMethods is headquartered in Fairfax, Va.,
with offices throughout the U.S., Europe and Asia Pacific.
webMethods has more than 750 customers worldwide including
Global 2000 leaders such as Citibank, Dell, Eastman Chemical,
The Ford Motor Company, Grainger, and Motorola.
webMethods' strategic partners include Accenture, Ariba,
BroadVision, Commerce One, Deloitte Consulting, EDS,
Hewlett-Packard, i2 Technologies, J.D. Edwards, KPMG
Consulting, Microsoft, Oracle Corp., SAP AG and Siebel
Systems. More information about the company can be found at
webmethods.com.
webMethods is a registered trademark of webMethods, Inc. in the
USA and certain other countries. All other company and product
names are the property of their respective owners.
This press release contains various remarks about the future
expectations, plans and prospects of webMethods that constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. The actual results of webMethods may differ materially from
those indicated by these forward-looking statements as a result of
various important factors, including those discussed in "Factors
That May Affect Future Operating Results" in the Business section
of webMethods' Form 10-K for the year ended March 31, 2001,
which is on file with the U.S. Securities and Exchange
Commission. webMethods disclaims any obligation to update or
correct any forward-looking statements made herein due to the
occurrence of events after the issuance of this press release.
For additional information:
email pr@disa.org
phone: (703) 548-7005
Fax: (703) 548-5738
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