Tuesday, August 2, 2011

OAGi Joining Collaboration on Remittance Standards

OAGi has a long history of collaborating with other standards and government organizations to help build fewer duplicate standards and clarify the standards landscape for our users.

We have worked with UN/CEFACT, ISO, CIDX, AIAG, STAR, HR-XML, OMG, OASIS, ISA, and many others over the past 15 years.  We are using standards from many of these standards organizations in our OAGIS standard and many of those organizations are using OAGIS technology in their standards.  This is a fundamental principle that we apply when making decisions for OAGi.  All of our fundamental principles are on our website
here.

OAGi was part of a team a few years ago that built the core payment kernel that became part of ISO20022.  This core payment kernel became part of the payment standard in OAGi, IFX, SWIFT, and TWIST.

Now we are joining a new effort to collaborate on a core remittance advice standard working with IFX, SWIFT and possibly X9 and NACHA.  OAGi currently has a remittance advice standard and plans to use that as input to this worldwide collaboration.

IFX recently announce a press release on this effort and you can read it in its entirety
here.

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