Incumbent Officers Re-Elected at 2011 Annual Meeting in Omaha

WAKEFIELD, Mass.--(BUSINESS WIRE)-- At its 2011 Annual Meeting on May 4, the Interactive Financial eXchange (IFX; http://www.ifxforum.org) Forum member companies' representatives re-elected Richard DuVall of ACI Worldwide, Murray Heldon of Tata Consultancy Services (TCS), and Mark Tiggas of Wells Fargo to the Forum's Board of Directors, for terms expiring in 2014. In addition, Mark Sampson of U.S. Bank was elected to fill an open two-year term.

The newly constituted Board then re-appointed President Richard P. Urban and re-elected Chairman Richard DuVall, Treasurer Lee Hou of FIS, and Secretary Mark Tiggas.

The IFX Forum is an international not-for-profit industry association whose mission is to develop IFX and promote its adoption as an open, interoperable standard for financial data exchange. The group's 2011 Annual Meeting took place in Omaha, Nebraska, USA, hosted by ACI Worldwide at their facility.

The IFX Forum gathering began with an "Introduction to IFX" tutorial session presented by Mr. Urban, which focused on IFX Version 2. A version of the presentation may be downloaded from a link on the home page, www.ifxforum.org.

As is customary at an IFX Forum face-to-face meeting, the Omaha event featured intense hands-on collaborative sessions for the Forum's active Working Groups. It was the first in-person meeting for the recently launched Liaison & Interoperability Working Group, which is chartered to be a center of expertise within the Forum for interoperability with external standards and communications with organizations that develop them; Forum leaders are gratified by the high levels of interest and participation in the new Working Group. An additional day was devoted to IFX architectural considerations. The Forum's Steering Committee also met to discuss and advance the group's business plans.

About the IFX Forum

Founded in 1997, the Interactive Financial eXchange (IFX) Forum is an international not-for-profit industry association whose mission is to develop IFX and promote its adoption as an open, interoperable standard for financial data exchange, suitable for use by all sectors of the financial services industry. The IFX Forum also promotes interoperability of industry standards by working cooperatively with other standards organizations and consortia.

Forum membership is open to organizations interested in contributing to the development of open financial standards. Forum members include financial institutions, hardware, software and service firms, and related non-profit groups. The IFX Forum is currently organized into the following Working Groups: ATM/POS; Branch Banking Services; Business Banking; Card Management & Servicing, and Liaison & Interoperability. IFX Forum Working Groups, in concert with an Architecture Committee to coordinate their efforts, develop open Internet-compatible messages for all sectors of the financial services industry. To learn more about IFX Forum standards or the benefits of IFX Forum membership, please visit www.IFXForum.org.

See this press release on a sharing platform at http://pitch.pe/147151

CONTACT:

Virtual, Inc.
Judith Vanderkay, 781-876-6208
jvanderkay@virtualmgmt.com

KEYWORDS:   United States  North America  Massachusetts  Nebraska

INDUSTRY KEYWORDS:   Technology  Data Management  Internet  Networks  Software  Security  Professional Services  Accounting  Banking  Consulting  Finance  Communications  Public Relations/Investor Relations

MEDIA:

Logo