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IFX Working Groups

IFX Working Groups. ATM/POS. Agenda. Purpose of group Participating members Some key content developed by group Some key business processes impacted Current focus Upcoming activities When we meet. Purpose.

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IFX Working Groups

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  1. IFX Working Groups ATM/POS

  2. Agenda • Purpose of group • Participating members • Some key content developed by group • Some key business processes impacted • Current focus • Upcoming activities • When we meet

  3. Purpose • The focus of the ATM/POS Working Group is to incorporate the ATM/POS industry requirements. • It is the defining interoperability standard for the interaction between authorizing systems and ATM/POS terminals.

  4. Participating Members

  5. Some key content developed by group • ATM Vendor and Switch “experts” input shaped the IFX standard. • The 1.8 release specifically focused on ATM requirements • Track 3 updates, EMV updates, Media Adjustment, Purchase, new status codes • Provision of Implementation Specs for 1.8 (WIP) • IFX 2.0 Security Object enhancements • Host initiated key exchange • Improvements to make Security object more consistent with IFX conventions • IFX 2.0 Token Update –under discussion • Harmonize the two existing methods of sending EMV Issuer scripts to the chip

  6. Some key business processes impacted • Apps deployed using IFX for ATMs in Americas, Europe & Far East. • Business benefits and cost savings by using one consistent open channel. • Consistency across multiple channels – Internet, teller, ATM, POS • IFX Services include:- • Standard banking TX’s • Withdrawal, Transfer, Deposit, balance, Statement, Pin Change, Payments • Support of ATM Security Standards • Key Management, 3DES, MACing, EMV • Device and terminal management. • Terminal Balancing.

  7. Current focus • Complete ATM Implementation Guide for 1.8 • Review all ATM/POS IFX 2.0 Objects & make improvements were required • EMV Token Update • Submitted ATM portion of IFX specification to ISO 20022 for approval • IFX ATM Business Justification was approved by ISO 20022 RMG - September 2008

  8. Upcoming activities • Provide an ATM Implementation Guide for 2.0 • Incorporate new ATM requirements • IFX ATM Business Justification will presented to the ISO 20022 Standards Evaluation Group (SEG) For Cards And Related Retail Financial Services on November 24 for approval • POS requirements?

  9. When we meet • Every two weeks on a Wednesday at 9 AM ET • Cater for people taking part from far east through to USA • Flexible to change time and frequency if required

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