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IFX Working Groups

IFX Working Groups. Branch Banking Services Working Group (BBSWG) November 17, 2008. Agenda. Purpose of group Participating members Some key content developed by group Some key business processes impacted Current focus Upcoming activities When we meet. Founded – August 2004

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IFX Working Groups

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  1. IFX Working Groups Branch Banking Services Working Group (BBSWG) November 17, 2008

  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. Founded – August 2004 ACI Worldwide CIBC Diebold Microsoft Ensure that the BMS includes the messages necessary to perform transactions through the bank branch and customer service delivery channels. Purpose

  4. Co-chairs Karin Brown, ACI Worldwide Arlene Griese, FNIS Architecture committee representative Dan McDonald, FNIS Participating members from various companies Members

  5. Key content • 2004 • Identified GAPS in BMS required to support branch services transactions. • 2005 – IFX Version 1.7 • Defined the Posting Session Object (in support of teller totals) • Modified Customer Identification aggregate • Created miscellaneous enum values

  6. Key Content • 2006 – 2008 IFX Version 2.0 • New objects • Party object • Account object • Party/Account relationship object • Party and Account object impacts • Abbreviation recommendations

  7. Key content – Version 2.0 • Party object • Business objective • To effectively manage and use the information about persons and organizations that a financial institution provides services to. • Add, modify, delete and retrieve information • Add, modify and inquire on the status of a party • Use of party data as part of a financial transaction • Technical objective • Create a Party Object • Clean up the 1.7 BMS in relation to customer data

  8. Key content – Party object • Defines messages associated types of parties • Person • Organization • Discussions and decisions • Person Info • Party Org Info • Org Info • Contact Data • International name representation • Redo Customer Identification aggregate created in 2005 • What do we do with <CustId>? • Drove the Architecture Committee crazy • New concepts • Object references and abstract objects • Response status codes and XPath data types • Timeframe representation

  9. Key content – Version 2.0 • Account object • Business objective • To provide a consistent way to manage and use the information about all account types within a financial institution. • Add, modify, delete and retrieve information • Add, modify and inquire on the status of an account • Use of account data as part of a financial transaction • Technical objective • Create an Account Object • Eliminate various ways account data is represented in the BMS.

  10. Defines messages associated with types of accounts Deposit Credit Enum to aggregate proposal Currency code Country code Discussions and decisions What happens to the <AccountRec>? What happens to the Card account type? Definitions of: Account type Transaction type Account Feature Support Account Period Summary Key content – Account object

  11. Key processes • 2008 – IFX Version 2.0 • Impact analysis • Party object • Customer object • Impact on <CustId> • Object analysis • ENVR vs INFO • Party/Account Relationship object • Began working on ‘card object’

  12. Current focus • Completion and implementation of • Account object • Card object • Party/Account Relationship object • Define business need for Party/Party Relationship object • Working with Card Management and Services Working Group to finalize ‘Card Object’ • Party/Card Relationship object • Card/Account Relationship object

  13. Upcoming activities • Other processes of interest • Buy and sell cash • Alert processing • Expand upon ATM/POS Working Group functionality • Check processing • Media inventory • Passbook processing • Recommending additional working groups • Loan portfolio servicing • Loan origination • Collection processing

  14. BBSWG meeting schedule • Current meeting schedule • Every Thursday • 13:00 – 14:30 (1:00 – 2:30 p.m.) Eastern Time (US) • Other options? • Australia participation • EMEA participation

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