Payments News

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Standards

ASC X9 Launches New Public Forum to Harmonize Financial Data Terminology

“The Accredited Standards Committee X9 Inc. ( X9 ) is creating a new public forum to address issues related to disparate financial data terms, in order to effect greater financial market efficiency. The X9 Industry Forum on Financial Terms Harmonization will review and harmonize current industry-wide differences in financial data terms, meanings and definitions, with […]
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Standards

ASC X9 Launches ISO 20022 Best Practices Forum

“The Accredited Standards Committee X9 Inc. ( X9 ) announced the formation of the U.S. ISO 20022 Market Practice Industry Forum, which will work to research and document best practice recommendations in order to catalyze ISO 20022 usage in the United States. ISO 20022 is a multi-part international standard that defines a common platform for […]
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Standards

ASC X9 Issues First Blockchain Terminology Standard

“Today the Accredited Standards Committee X9 Inc. ( X9 ) announced the publication of X9.138 — Distributed Ledger Technologies Terminology, a much-needed standardized glossary of the most important common terms and definitions used with distributed ledger technology (DLT). The highest-profile example of DLT is bitcoin. The new standard is available for download at no charge.”
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Standards

ASC X9 Seeks Participants for Development of New Mobile Payments Standards

“The Accredited Standards Committee X9 Inc. ( X9 ) today announced that it is seeking expert participants for two important projects. Two new mobile financial services standards, the third and fourth parts of a suite of standards (X9.134) for mobile banking and payments, will continue the process to adapt and augment ISO 12812 as a […]
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Standards

ASC X9 Expands Mission of Corporate Banking Committee To Become an Industry Focal Point for Faster/Real-time Payments Initiatives

“The Accredited Standards Committee X9 Inc. ( X9 ) today announced that it has expanded the scope of its X9C Corporate Banking Committee to add focus on faster/real-time payments. The group is newly empowered to track all faster payments activity in the financial industry, and the intent is for it to become X9’s central point […]
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Standards

ASC X9 Releases Standards for Secure Online Authentication, Addressing Transaction Issues Experienced During the Coronavirus Shutdown

“The Accredited Standards Committee X9 Inc. ( X9 ) today announced that it has published two standards in the area of secure online authentication. These standards address improved security for the increasing number of online transactions, such as those being made during coronavirus stay-at-home orders. X9.117-2020, “Mutual Authentication for Secure Remote Access,” is a risk-based standard […]
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Standards

ASC X9 Launches New Security Study Groups on Public Key Infrastructure (PKI) and Transport Layer Security (TLS)

“The Accredited Standards Committee X9 Inc. (X9) has formed new study groups that aim to improve security and safeguard privacy for the financial services industry in two related areas: one will look into issues regarding Public Key Infrastructure (PKI) Certificate Authorities and the other will research concerns related to use of the Transport Layer Security […]
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Standards

ASC X9 Releases New Standard for Securing and Managing Mobile Commerce

“From a security perspective, mobile commerce has all the vulnerabilities of the internet and wireless environments combined; from a business perspective it encompasses three disparate industries: financial services, mobile telecommunications, and mobile platforms manufacturing. The new X9.112-3 standard guides all these parties toward safer and more efficient implementations of mobile commerce. As mobile devices and […]