__FORCETOC__ The Accredited Standards Committee X9 (ASC X9, Inc.) is an

ANSI The American National Standards Institute (ANSI ) is a private nonprofit organization that oversees the development of voluntary consensus standards for products, services, processes, systems, and personnel in the United States. The organiz ...

(American National Standards Institute) accredited standards developing organization, responsible for developing voluntary open consensus standards for the

financial services industry Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an o ...

in the U.S. ASC X9 is the USA Technical Advisory Group (TAG) to the International Technical Committee on Financial Services

ISO/TC 68 ISO/TC 68, Technical Committee 68 on Banking, Securities and other Financial Services, is a technical committee formed within the International Organization for Standardization (ISO), of Geneva, Switzerland, tasked with developing and maintaining ...

under the

International Organization for Standardization The International Organization for Standardization (ISO ; ; ) is an independent, non-governmental, international standard development organization composed of representatives from the national standards organizations of member countries. M ...

(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.https://share.ansi.org/Shared%20Documents/Standards%20Activities/International%20Standardization/ISO/US%20TAGs%20to%20ISO/ISOTAG_March2017.pdf , Page 41, List of SDOs that operate TAGS for ANSI Membership in ASC X9 is open to all U.S. domiciled companies and organizations in the financial services industry.

Domestic Role

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.

Committees

ASC X9 is composed of five Subcommittees based on Financial Services business sectors: * X9A – Retail Payments (including mobile payments and a card not present fraud group); * X9B – Checks and Back-office Operations (all things related to checks); * X9C – Corporate Banking (B2B payments and the

Balance Transaction Reporting Standard (BTRS) Balance may refer to: Common meanings * Balance (ability) in biomechanics * Balance (accounting) * Balance or weighing scale * Balance, as in equality (mathematics) or equilibrium Arts and entertainment Film * ''Balance'' (1983 film), a Bulgar ...

standard); * X9D –

Securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

(stocks and bonds,

CUSIP A CUSIP () is a nine-character numeric or alphanumeric code that uniquely identifies a North American financial security (finance), security for the purposes of facilitating Clearing (finance), clearing and settlement (finance), settlement of tr ...

); and * X9F – Data & Information Security (methods and cryptography to secure financial data).

Standards

Examples of X9 standards commonly used today in the US and around the world are: * Paper and electronic check standards (X9 owns nearly 98% of the standardized real estate on the front and back of checks, the magnetic ink character record was originally developed by X9, the credit and debit card transactions standard operating all card transactions first developed under X9 * Numerous data security standards for financial services including the "

PIN A pin is a device, typically pointed, used for fastening objects or fabrics together. Pins can have the following sorts of body: *a shaft of a rigid inflexible material meant to be inserted in a slot, groove, or hole (as with pivots, hinges, an ...

" - personal identification standard in wide use today. *

Data Encryption Standard The Data Encryption Standard (DES ) is a symmetric-key algorithm for the encryption of digital data. Although its short key length of 56 bits makes it too insecure for modern applications, it has been highly influential in the advancement of cryp ...

(DES) and its successor

Triple DES In cryptography, Triple DES (3DES or TDES), officially the Triple Data Encryption Algorithm (TDEA or Triple DEA), is a symmetric-key block cipher, which applies the DES cipher algorithm three times to each data block. The 56-bit key of the Dat ...

the current encryption security algorithm used in securing most banking transactions worldwide.

References

External links

* {{authority control ISO member bodies Key management American National Standards Institute