Integrion Financial Network, a consortium of big banks plus IBM, will merge, albeit reluctantly, its Gold Standard specification with OFX next year. In the meantime, the two will interoperate. Standards are boring but vital. Because for the Net to become a true medium for transactions, many things we take for granted in the physical world must be recreated. Technology standards are set in arcane ways in obscure bodies.
Vendors try to bend the process to their own advantage.
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