Alexandria, Va

Alexandria, Va., October 30, 2002 - The ANSI Accredited Standards Committee (ASC) X12 continued its longstanding tradition of creating electronic data interchange (EDI) transaction sets for the global marketplace and completed numerous extensible markup language (XML) initiatives that will enable ASC X12 members to develop and approve XML business messages by early 2003.

At the most recent October ASC X12 meeting in Miami, ASC X12 completed the X12 XML Reference Model that describes a method for assembling flexible business messages. The reference model is designed to align with draft ebXML core components specifications. This document will be submitted to the UN/CEFACT Applied Technologies Group as a source for specifying an international reference model. The reference model can be viewed at http://www.x12.org/x12org/xmldesign/index.cfm.

Complementing the reference model, ASC X12 initiated the implementation of its recently approved XML procedures that expedite the submission and approval of XML business messages. In addition, ASC X12 is in the final stages of developing the XML design rules, which is the final document required for ASC X12 to deliver to its cross-industry membership.

"ASC X12 is aggressively moving forward to develop XML business messages across industries as it has done for EDI for more than 20 years," said ASC X12 Chair David Barkley of Freddie Mac. "As organizations around the world expand their trading partner base using electronic data exchange in both EDI and XML formats, ASC X12 is fully prepared to deliver the standards needed to fulfill their customer’s requirements."

The new EDI Equipment Inspection Report transaction set - developed by the ASC X12 Transportation Subcommittee  is under ASC X12 member review and will likely be published in the first quarter of 2003. This transaction set will be used by transportation carriers to provide equipment owners with equipment inspection activity results. In addition, it will convey information regarding any damage to and repair on the equipment.

ASC X12 Finance Subcommittee members are working in concert with the Interactive Financial eXchange Forum to create a common XML payment and remittance message, which could serve as an order to a financial institution to make a payment to a payee. This message could identify detail needed to perform cash application to the payee’s accounts receivable system. Information via this business message could be transmitted from payer to payee, through a financial institution, or through a third party agent.

The next ASC X12 publication  Version 4, Release 6  includes 316 EDI transaction sets and will be available in January 2003. All orders received by Dec. 15 receive a 10% discount off the original price. Visit www.disa.org or call 1-888-363-2334 to place an order today.

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 standards in EDI and XML formats 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 is an active contributor to 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.