HOLLY SPRINGS, N.C. — Paragon Application Systems, provider of electronic-payment simulation, configuration and testing software, has joined the Interactive Financial eXchange Forum, an international not-for-profit industry association focused on developing IFX and promoting its adoption as an open, interoperable standard for financial data exchange.
"As financial organizations look to add new delivery channels and consolidate their transaction processing, the IFX message format is a natural fit," said Jim Perry, vice president 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 e-payment systems to meet changing marketplace demands."
Paragon and developed FASTest for IFX in 2000.
According to a news release, Paragon customers have used FASTest for IFX to validate the IFX processing capabilities of ATM vendors. The company says a major ATM vendor also is using FASTest for IFX to test its IFX ATM applications.
