Financial Information Mediation: A Case Study of Standards Integration for Electronic Bill Presentment and Payment Using the COIN Mediation Technology

Each player in the financial industry, each bank, stock exchange, government agency, or insurance company operates its own financial information system or systems. By its very nature, financial information, like the money that it represents, changes hands. Therefore the interoperation of financial information systems is the cornerstone of the financial services they support. E-services frameworks such as web services are an unprecedented opportunity for the flexible interoperation of financial systems. Naturally the critical economic role and the complexity of financial information led to the development of various standards. Yet standards alone are not the panacea: different groups of players use different standards or different interpretations of the same standard. We believe that the solution lies in the convergence of flexible E-services such as web-services and semantically rich meta-data as promised by the semantic Web; then a mediation architecture can be used for the documentation, identification, and resolution of semantic conflicts arising from the interoperation of heterogeneous financial services. In this paper we illustrate the nature of the problem in the Electronic Bill Presentment and Payment (EBPP) industry and the viability of the solution we propose. We describe and analyze the integration of services using four different formats: the IFX, OFX and SWIFT standards, and an example proprietary format. To accomplish this integration we use the COntext INterchange (COIN) framework. The COIN architecture leverages a model of sources and receivers’ contexts in reference to a rich domain model or ontology for the description and resolution of semantic heterogeneity.

RamboNodes for the Metropolitan Ad Hoc Network

We present an algorithm to store data robustly in a large, geographically distributed network by means of localized regions of data storage that move in response to changing conditions. For example, data might migrate away from failures or toward regions of high demand. The PersistentNode algorithm provides this service robustly, but with limited safety guarantees. We use the RAMBO framework to transform PersistentNode into RamboNode, an algorithm that guarantees atomic consistency in exchange for increased cost and decreased liveness. In addition, a half-life analysis of RamboNode shows that it is robust against continuous low-rate failures. Finally, we provide experimental simulations for the algorithm on 2000 nodes, demonstrating how it services requests and examining how it responds to failures.