 | |
| Abbreviation | ASC X9 |
|---|---|
| Formation | 1974; 52 years ago (1974) |
| Type | Standards setting group |
| Purpose | Develop standards for the Financial Services Industry |
| Headquarters | Annapolis, MarylandUnited States |
Official language | English |
Chair | Roy DeCicco[1] |
Vice Chair | Angela Hendershott |
Executive Director | Steve Stevens |
Program Manager | Janet Busch |
| Affiliations | Accredited by ANSI Secretariat forISO/TC 68 |
| Website | x9 |
TheAccredited Standards Committee X9 (ASC X9, Inc.) is anANSI (American National Standards Institute) accredited standards developing organization, responsible for developingvoluntary open consensus standards for thefinancial services industry in the U.S.[2][3]
ASC X9 is the USA Technical Advisory Group (TAG) to the International Technical Committee on Financial ServicesISO/TC 68 under theInternational Organization for Standardization (ISO), of Geneva, Switzerland, and submits X9 American National Standards to the international committee to be considered for adoption as international standards or ISO standards.[4] Membership in ASC X9 is open to all U.S. domiciled companies and organizations in thefinancial services industry.
The committee was founded in 1974 under theAmerican National Standards Institute, to develop financial industry standards following a surge in electronic banking, automated clearing, and data security needs.[5]
In 1984 it played a major role role in supporting theCheck Clearing for the 21st Century Act (Check 21) through development of check image exchange and related standards.
In the 1990s it expanded itscryptography standards, developing foundational specifications for secure data exchange and public key infrastructures (e.g., X9.42, X9.73, X9.24).
In 2001, the organization was incorporated as ASC X9, Inc., transitioning from a pure ANSI committee to a non-profit industry consortium still accredited by ANSI.[6]
During the 2000s and 2010s it joined with international bodies likeISO/TC 68, helping shapeISO 20022 and other global standards for payments and securities messaging.
The Accredited Standards Committee X9 develops, establishes, maintains, and promotes standards for the Financial Services Industry in the United States in order to facilitate delivery of financial services and products.[7][8]
ASC X9 is composed of five Subcommittees based on Financial Services business sectors:
Examples of X9 standards commonly used today in the US and around the world are: