Articles from Accredited Standards Committee X9 Inc.

Today the Accredited Standards Committee X9 Inc. (X9) announced that it has launched a U. S. Payments Study Group to serve as a resource for the financial services industry to understand and track the wide range of payment methods used in the United States. An X9 study group will investigate a topic area and make recommendations; it may also create deliverables such as white papers or research reports.

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, and the Accredited Standards Committee X9 Inc. (X9), the organization accredited by ANSI to develop financial industry standards for the United States, today announced a strategic alliance designed to accelerate the development and adoption of standards for faster payments in the United States.

Today the Accredited Standards Committee X9 Inc. (X9) announced the publication of a new report, “Post Quantum Cryptography Financial Readiness Needs Assessment.” The goal of this document is to provide a high-level view, targeted to managers and executives, of options, alternatives and guidance on how to mitigate the cybersecurity threats posed to the financial services industry by quantum computers. The new report was developed by the X9F Quantum Computing Risk Study Group, one of the two X9 groups working on quantum computing issues. It is available for download at no charge.

The Accredited Standards Committee X9 Inc. (X9) today announced that it has launched an Industry Forum on the topic of reducing check fraud, open to anyone in the financial services industry.

The Accredited Standards Committee X9 Inc. (X9) today announced that it has established an open, international PKI (public key infrastructure) Industry Forum for all interested parties. This follows the execution of an agreement with DigiCert, a global provider of digital trust, for that company to produce, market and sell X9 PKI solutions to the financial industry. X9 will control the policies that define these solutions, and the new group will serve as a channel for stakeholder engagement.

The Accredited Standards Committee X9 Inc. (X9) today announced that it has released a standard for QR Code Protection Using Cryptographic Solutions, X9.148. The new standard guides the financial services industry in deploying cryptography to create trusted, secure QR codes, including definitions and descriptions for the secure usage of QR codes in financial applications. It is now available from ANSI for download.

The Accredited Standards Committee X9 Inc. (X9) today announced that it has published a Cloud Management and Security standard. The new standard, X9.125, specifies the minimum management and security requirements for the effective use of cloud computing in a financial services environment. The standard is now available from ANSI for download.

The Accredited Standards Committee X9 Inc. (X9) today announced a new version of its X9.58 standard, which covers financial transaction messages associated with Electronic Benefits Transfer (EBT) for the United States Department of Agriculture's Supplemental Nutrition Assistance Program (SNAP, colloquially known as food stamps) and cash benefit programs. The revised standard is now available from ANSI for download.

The Accredited Standards Committee X9 Inc. (X9) today announced that it will develop a new QR code payments standard. The new standard will establish the content of a QR code for payments, emphasizing interoperability, in order to process a payment digitally, and will include both merchant-presented and customer-presented QR Codes. Encoded in a payment QR code will be all the information necessary to execute a payment without the customer or merchant having to share financial account details. Work will begin in August, and participants are sought.

The Accredited Standards Committee X9 Inc. (X9) today announced an initiative to standardize both the creation and efficient acceptance of virtual, single-use purchase card accounts (SUA), in order to reduce overhead costs and challenges faced by suppliers. SUAs are used by businesses as an alternative to checks or electronic funds transfers for paying outstanding supplier invoices.

The Accredited Standards Committee X9 Inc. (X9) has published a new standard, "Financial and Personal Data Protection and Breach Notification." X9.141 is a two-part document addressing both the "before" data protection and the "after" breach notification. Significantly, the standard complements and expands upon important National Institute of Standards and Technology (NIST) material, and it covers all sensitive data, both financial and non-financial. Both parts are available for download, separately or together.

The Accredited Standards Committee X9 Inc. (X9) has published Technical Report 52, "Unsigned Items Including Remotely Created Checks (RCC) -- Design and Usage Guide," to assist originators of these preauthorized payment instruments. The report is now available for download.

The Accredited Standards Committee X9 Inc. (X9) has published Technical Report 54, "Blockchain Risk Assessment Framework," to guide those seeking to understand how to perform an accurate assessment of risk for this new system technology.

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 the eventual goal of creating a Data Dictionary/Data Glossary that is used by all. Interested parties are invited to participate in its development.