The Integrion Financial Network, the IBM Corp-led electronic banking consortium, which now includes 18 major banks, is looking for a convergence between its own Gold technical standards with the Microsoft Corp, Intuit Inc and Checkfree Corp backed OFX Open Financial Exchange, Integrion chief executive Bill Fenimore told Reuters at last week’s Bank Administration Institute event in New Orleans. The move has been hinted since the beginning of the year (CI No 3,084), but things began happening when Integrion invested in Checkfree Corp and signed a 10 year outsourcing contract for its bill payment processing (CI No 3,281). Fenimore predicted Microsoft would release Gold-enabled releases next year, and that Integrion would offer interoperability with OFX financial software, such as Intuit Inc’s Quicken.
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