![]() XFS4IOT represents a significant transformation of the standard. Over the past 20 years, version 2 has evolved through a number of revisions as the financial industry has developed. The standard was first conceived back in 1991, with CEN XFS 3.0 released in 2000 and is now used by approximately 92% of ATMs globally. Today, most leading ATM and ATM software vendors provide XFS compliant software that can run on multiple vendors' ATMs. It provides software consistency for all hardware endpoints giving financial institutions (FIs) greater freedom to choose the best-fit technology for their business. The XFS (extensions for financial services) standard, established by the CEN XFS Standard Committee, provides the common interface specifications between the ATM modules and devices and the financial applications running the ATM. Can you share some background about the standard?Ī. To learn more about this standard and what it means for the industry, ATM Marketplace spoke with Derek Henderson, senior product manager, NCR Corp. By doing this, ATM operators will more easily be able to integrate more complex tools into their machines. This standard aims to be truly OS agnostic, while also integrating fully into the cloud. It is now entering the realm of the cloud, as the CEN XFS Standard Committee is pressing forward with its new standard: XFS4IoT. ![]()
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