Source: Paragon Application Systems
Paragon Application Systems, the leading global provider of electronic payment (ePayment) simulation, configuration and testing software, today announced that they have joined the Interactive Financial eXchange (IFX) Forum.
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 among all sectors of the financial services industry.
"As financial organizations look to add new delivery channels and consolidate their transaction processing, the IFX message format is a natural fit." says Jim Perry, VP of Sales and Marketing for Paragon Application Systems. "We're seeing increasing levels of interest for our IFX unit and regression testing solution, FASTest for IFX, as more organizations position their ePayment systems to meet changing marketplace demands.
Paragon recognized the importance of the IFX message format and developed FASTest for IFX in 2000. Customers have used FASTest for IFX to validate the IFX processing capabilities of ATM vendors. In addition, a major ATM vendor is using FASTest for IFX as a host to test their IFX ATM applications.
"We are very pleased with the addition of Paragon Application Systems to the IFX Forum," said Rich Urban, President of the IFX Forum. "With Paragon's experience in ePayment simulation and testing software, they can be a significant contributor to the IFX Forum and assist with the adoption of IFX worldwide".