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IFX Forum OMG Presentation

IFX Forum OMG Presentation. Jim Shain IFX Architecture Chairman November 18, 2002. ALLTEL. Not just a phone company Information services $16.3 Billion in assets $7.7 Billion in revenue 25,000 employees Fortune 500 Concentrates on large financial institutions

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IFX Forum OMG Presentation

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  1. IFX Forum OMG Presentation Jim Shain IFX Architecture Chairman November 18, 2002

  2. ALLTEL • Not just a phone company • Information services • $16.3 Billion in assets • $7.7 Billion in revenue • 25,000 employees • Fortune 500 • Concentrates on large financial institutions • Retail deposits, loan and mortgage

  3. IFX • Interactive Financial eXchange • Business message specification • Over 500 pages • Implementation guides • First release April 2000 • Current release 1.3 • Object based messages • XferAddRq/XferAddRs • DISA • X12, MISMO, HR-XML

  4. Standards Adoption • Determine area of interest • Gather critical mass • Publish standard • Get the message out

  5. Determine Area of Interest • Market survey • Find area not served by other standards • Differentiate yourself • How is this standard different from others • Ally with similar groups • Utilize work done in other standards

  6. Gather Critical Mass • Recruit the major players • Don’t be a standard of one • Open to all • Best ideas for extensions • Recruit implementers • Find companies that have a track record for implementing standards • Recruit standard players • Companies that have clout by name alone

  7. Publish Standard • Limit scope • Don’t be standard to end all standards • Set reasonable expectations • Limit release cycle to year or less • Be diligent • Avoid increase in scope • Conference calls • Face-to-face meetings

  8. Get the Message Out • Implement! • Marketing, marketing, marketing • Publish to the web • Follow-up on web inquires • Targeted e-mail • Talk to the press • Invite research groups to meetings • Attend and promote at other events

  9. Recent Activity • ATM/POS group formation • NCR, Diebold, ACI, Bank of America, Wincor Nixdorf • Focus on terminal to acquirer messages not ISO-8583 replacement • GA scheduled 1Q2003

  10. ATM/POS Proposals • Terminal object • Defines location and description • Device object • Device description and attributes • Terminal security • Key exchange • Credit and debit messages • Reversal verb • Inventory and balancing • Payment enclosed

  11. Other Activities • Replace IFX envelope with standard • SOAP • Replace transportation mechanism • Web Services • ebXML • Primer documents

  12. Questions?

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