Thursday, March 22, 2007

EPB Explained

On the website you can find new and more detailed information on the EPB, Goals and Plans, and References to the key components of the EPB : WS-BPEL , Mule and ISO 20022 XML. Please visit the EPB Explained section for additional information.

Monday, March 12, 2007

OFAC SDN and Blocked Persons Webservice

A couple of days ago I came across an open source webservice on the Internet by that offers a free alternative to the costly process of OFAC compliance. On its website the OFAC SDN and Blocked Person webservice is explained as followed :

" This web services was created to aid banks in meeting the requirements of the US Treasury Department's Office of Foreign Asset Control (OFAC). OFAC restricts transactions with specific countries, organizations and individuals. The Office of Foreign Assets Control ('OFAC') of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. ... "

OFAC compliance is a key component to a payment work flow that has an International character. FI's have large OFAC scanning applications in service, but by having a free and up-to-date webservice available this could mean a big potential saving for the "sender" Financial Institution

For more info about the integration of OFAC into the EPB, please check the website in the next few days.

Friday, March 09, 2007

EPB WS-BPEL Draft is available for Download

As of today you will find the first EPB file available for download !!!

You can find "EPB_WS-BPEL_Draft_03092007.txt" under the Download section of the website. This is the first draft version of an Open Payment Work flow described in WS_BPEL, and I encourage every payment professional to provide feedback and help further enhance the work flow. Please feel free to submit your comments to

Wednesday, March 07, 2007 is Launched Today !!!!

I am happy to announce that the website has been officially launched today. The website will be the official site for all information related to the Enterprise Payment Bus - Open Source project.

In the next couple of days additional pages will be made available on the website. This will include a News Section, Team, Wiki-Faq, Download, Links and Contact Us.

For more information about the website or the Enterprise Payment Bus - Open Source Project, feel free to contact

Friday, March 02, 2007

EPB Diagram

click Here - For Larger View

The Enterprise Payment Bus is an ESB (Enterprise Service Bus) that has the following capabilities:
  • Inbound of a variety of Payment formats : CSV, Fedwire, IFX, S.W.I.F.T, OSI 20022 XML, ... format
  • Authentication and Security Service
  • Transformation Service to OSI 20022 XML , Fedwire, S.W.I.F.T MT103, ... format
  • Orchestration Service through WS-BPEL definition
  • Internal Routing and Grouping
  • Transaction Monitoring
  • Transaction Control Service
  • Outbound External Routing Service
In some of the future postings, we will discuss in further details the functions of each of the different EPB Services and how they can be further defined within Mule, an open source ESB