Subcommittee

X12F - Finance Purpose And Scope

X12F:

• Develops and maintains X12 EDI and XML standards including technical guidelines focusing on financial e-business models
• Develops and maintains financial business models related to areas such as credit card processes, financial remittance delivery, invoice, and payment transactions. Real estate and mortgage lending messages are also developed and maintained using EDI and XML standards.
• Develops payment systems architecture to include data security and data content management for financial standards
• Promotes the use of X12 EDI and XML standards across the financial services industry