XML specification for electronic bill presentment and payment, business to business payments, business to business banking (such as balance and transaction reporting, remittance information), automated teller machine communications, consumer to business payments, and consumer to business banking.
Followings may be useful links:
IFX Official Site
IFX 2.0 Preview
IFX 1.x Framework Presentation
IFX and XML in Banking
XML Usage in Financial Services
Presentation
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