ASC X9

ASC X9

The Accredited Standards Committee X9 (ASC X9, Inc.) - Financial Industry Global Standards, mission is to develop, establish, maintain, and promote standards for the Financial Services Industry in order to facilitate delivery of financial services and products. ASC X9, Inc. is an ANSI (American National Standards Institute) accredited standards developing organization, accredited by ANSI since 1984 (see www.ansi.org regarding its accredited organizations). As the standards organization responsible for the development of all financial services standards in the U.S., ASC X9 plays a key role in the development and adoption of new technologies in the banking, brokerage and insurance industries. Many of its current work projects involve developing ecommerce standards such as better online security for financial transactions. As U.S. standards are developed, and because ASC X9 is the USA Technical Advisory Group (TAG) to the International Technical Committee on Financial Services ISO/TC 68 under the International Organization for Standardization (ISO), of Geneva, Switzerland, ASC X9 submits X9 American National Standards to the international committee to be considered for adoption as international standards or ISO standards.

Membership is open to all U.S. domiciled companies and organizations in the financial services industry. Canadian and Mexican companies and organizations participate as well (with minor limitations when the U.S. votes into ISO, then they reply through their own country vote).

Under this mission ASC X9 fulfills the objectives of:

  • Support (maintain, enhance, and promote use of) existing standards;
  • Facilitate development of new, open standards based upon consensus;
  • Incorporate nonproprietary items developed by other organizations where appropriate;
  • Provide a common source for all standards affecting the Financial Services Industry;
  • Focus on current and future standards needs of the Financial Services Industry;
  • Promote use of Financial Services Industry standards; and
  • Participate and promote the development of international standards.

Read more about ASC X9:  National Committees, History of ASC X9, How Is X9 Structured?, What Type of Standards Has X9 Had Approved As American National Standards?, Where Do New Standards Projects Come From?, International Role and X9's Participation