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CheckFree successfully completes testing certification.



CheckFree Corporation has confirmed it has successfully completed the SWIFTNet Testing and Certification Service Proof of Concept (POC (Proof Of Concept) See PoC exploit.

POC - Point Of Contact
) project for ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 15022 corporate actions messages. The project tested the validity of ISO 15022 corporate actions notification messages, submitted by CheckFree eVent against the recently published guidelines by the Securities Market Practice Group (SMPG SMPG Securities Market Practice Group
SMPG Seat Miles Per Gallon
). SMPG is an industry group focused on defining and documenting securities industry communications practices using ISO 15022 principles. This POC is the first step in a SWIFT (the Society for Worldwide Interbank Financial Telecommunication For other uses, see swift (disambiguation).
The Society for Worldwide Interbank Financial Telecommunication ("SWIFT") operates a worldwide financial messaging network. Messages are securely and reliably exchanged between banks and other financial institutions.
) initiative to test automated corporate actions notification messages for compliance with SMPG's guidelines, and also gauge support for future testing and certification. An additional goal of this initiative is to look at ways to improve the overall quality and adoption of ISO 15022 corporate actions messages, leading to improved straight-through processing (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) and reduced risk in corporate actions processing. CheckFree's eVent solution successfully submitted more than 55 different event types and their respective corporate actions notification messages. These messages all conformed to the correct mandatory and voluntary indicators, as well as any use of option codes specified for the event in the SMPG guidelines. In all cases, CheckFree eVent also achieved an extremely high level of STP.

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Title Annotation:IT News and Products
Publication:Database and Network Journal
Date:Feb 1, 2007
Words:207
Previous Article:IT standards hijack.
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