Definition

X9 (ASC X9)

ASC X9, Inc. (X9) is the American National Standards Institute (ANSI) organization responsible for the development of all financial services standards in the United States.

X9, which functions as an independent non-profit corporation comprised of a board, technical subcommittees and working groups, develops, maintains and promotes standards to facilitate the delivery of financial products. X9 technical subcommittees oversee financial services standards in four specific subject areas: retail/card/check payments, corporate banking, securities exchange and data/information security.

X9’s mission objectives include providing a common source for all standards affecting the financial services industry, developing, supporting, maintaining, enhancing and promoting the use of existing and new standards. Many of X9’s current projects are focused on the development of more robust security standards for e-commerce to accommodate the adoption of new technologies in the banking, brokerage and insurance industries.

This was last updated in March 2012
Posted by: Margaret Rouse

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