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March 3, 2022

On the wires

ASC X9 Publishes ISO 20022 Remittance Content Market Guide

“The Accredited Standards Committee X9 Inc. ( X9 ) today announced the availability of the ISO 20022 Remittance Content Market Guide, which documents recommendations for remittance information content. The guide is intended to advance a major benefit of ISO 20022, which is to support straight-through processing of remittance data for business-to-business payments. It provides guidance on remittance content needed by payees to post payments and promotes the adoption of structured remittance data to enable automation. The new Informative Report is available for download at no charge.”

June 16, 2021

On the wires

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

February 11, 2021

On the wires

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 the development of financial messages. Its use is less prevalent in the U.S. financial industry than in other regions of the world, especially among smaller entities, and the Market Practice Industry Forum will identify issues and provide guidance designed to increase adoption. Meetings will start in mid-February 2021.”

December 16, 2020

On the wires

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.”

December 3, 2020

On the wires

ASC X9 Forms Real-time Payments Study Group; Participants Sought

“Today the Accredited Standards Committee X9 Inc. ( X9 ) announced the formation of a new study group focused on faster/real-time payments. The study group will review real-time and faster payments activity in the financial industry, with the intent to become X9’s central point of contact for all related and supporting X9 technical standards and to coordinate related work within X9. People with interest in real-time payments are invited to join the X9 Real-time Payments Study Group.”

August 19, 2020

On the wires

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 U.S. national standard. Additional participants who have interest in this area are invited to join the effort.”

July 21, 2020

On the wires

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 of contact for industry standards related to this area. Additional participants who have interest in this area are invited to join the effort .”

April 29, 2020

On the wires

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 addressing authentication factors within any environment. X9.122-2020, “Secure Consumer Authentication for Internet Payments,” is a new standard that addresses internet-based authentication using established techniques with existing standards and provides requirements for new techniques. Both standards are now available for download.”

October 24, 2018

On the wires

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 (TLS) protocol. Participants in both new initiatives are sought.”

September 11, 2018

On the wires

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 services become compliant with this standard, mobile-related risks will decrease, consumer confidence will increase, and mobile-related identify theft and fraud should be reduced.”

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