Alexandria, Va., June 20, 2002 - ANSI Accredited Standards Committee (ASC) X12 members recently finished drafts for the following Extensible Markup Language (XML) standards: the Product Delivery Invoice created for use in the financial industry and the Status Notification, which allows a transportation carrier to send the status of a shipment to a shipper, consignee or third party. A formal member review of these new standards is slated for August 2002.
Committee members are also embarking on the following new project proposals submitted at the most recent ASC X12 Meeting June 2-7 to:
- Elevate the ASC X12 Reference Model for XML Design to an official X12 standard
- Create a specific set of XML Design Rules equivalent to the X12 Design Rules and Guidelines
- Create the X12 XML Syntax Standard
The following new transaction sets (TS) will be published in the next ASC X12 Version 4, Release 5, Subrelease 2, which includes 316 TSs and will be available in August 2002.
- Residential Mortgage Insurance Explanation of Benefits (TS 259) - developed by the ASC X12 Finance Subcommittee - transmits the results of a claim for mortgage insurance benefits between a mortgage insurer and the customer receiving the financial benefit. This TS will be used for transmitting the results of both pool and primary mortgage insurance claims.
- Tax Jurisdiction Sourcing (TS 158) - developed by the ASC X12 Government Subcommittee - transmits any address in the U.S. Postal Service format from a wireless telecommunications vendor to the tax jurisdiction sourcing information holder for the state in which the address resides. In exchange, the wireless service provider receives the set of taxing jurisdictions having governance over the address in question. This TS meets the requirements of the 2000 Mobile Telecommunications Sourcing Act (MTSA), which provides the industry with a method of determining the correct taxing jurisdictions for wireless service.
About ASC X12
The Accredited Standards Committee (ASC) X12, accredited by the American National Standards Institute and comprised of cross-industry representation, develops robust e-business exchange specifications and EDI standards that interact with a multitude of e-commerce technologies and serve as the premier tool for integrating electronic applications. Through standards setting and active participation in emerging and technically relevant initiatives, ASC X12 facilitates the effective exchange of electronic information. Propelling global e-business, ASC X12 serves as the entry point for the United States into the United Nations/Electronic Data Interchange for Administration, Commerce and Transport (UN/EDIFACT), an international standard relating to the exchange of trade goods and services. To learn more about ASC X12, visit www.x12.org or call 703-837-6155.