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API technology

NACHA — The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum plan to combine forces in a deal they said will speed up and strengthen the development of standardized application programming interfaces (APIs) in the financial services industry, according to an announcement today.

The IFX Forum will remain a nonprofit and become an independent group inside of NACHA, the groups said. The merger is slated to become final at the end of March.

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