Points for Consideration - PowerPoint

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					Standards in a Changing World
      Points for Consideration

               Dexter S. Holt
    Chairman, X9 Payments Subcommittee

              IFX Panel Discussion
                   11/17/2008
                    Selected Trends

• Globalization of business and finance
     – Influence of the European Union and its trading partners
• Integration of business information
• Consolidation of financial industry
• Aging of core payments infrastructure
     – What drives businesses to need to change?
• Emerging standardization techniques and
  architectures
     – How might this influence standards development?
• Evolving payment processes
     – What could be the impact of emerging processes?
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Standards facilitate automated processes

• Standards
     – Assist in linking related information
     – Reducing errors and re-work
     – Assuring compliance
• Many standards
     – Organizations
     – Legacy proprietary formats
• Future Standards Evolution
     – Harmonization
     – Convergence
     – Interoperability

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                    Active Cooperation

• Put a higher priority on focused dialog among
  standards organizations
• Analyze and understand end-to-end infrastructures
  and implemented “standards”
• Obtain a mutual understanding of where efforts
  complement one another, overlap or potentially
  conflict




November 17, 2008        IFX' Tenth Anniversay        4

				
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