Transcript Accredited Standards Committee X9

Accredited Standards Committee X9, Inc.
An Introduction to
Financial Industry Global Standards
Agenda






Standards and standards types
X9—the organization
ANSI’s role
ISO’s role
International connection – management
How should your organization get involved?
What are Standards?


How does government define Standards?
Types of Standards
Types of Standards

Voluntary Standards
Four types of Standards
Mandatory Standards
Definition Standards
Performance Specification
Standards: Management
System Standards
What is X9?



X9 was granted ANSI accreditation in 1984.
X9 is the premier standards developer for the Financial
Services industry.
X9 is a leader in moving its standards globally for
adoption as ISO standards.
X9’s Objectives



Develop, establish, maintain, and promote standards for
the Financial Services industry to facilitate the delivery of
financial products.
Focus on current and future standards needs of the
Financial Services industry.
Participate , promote and grow the development of
international standards.
X9’s Value






Provides leadership in financial
standardization globally
Accredited international Secretariat
Payment Standards (including checks)
Retail/card processing Standards (domestic
and international)
Lead in industry use of Standards to secure
financial transactions.
Now leading ‘payment model’
internationally
What is ANSI?

The American National Standards Institute is based in
Washington, DC, and serves as the coordinating
organization for the US voluntary Standards system.


ANSI is a federation of industry firms, Standards
developing organizations, trade associations,
professional and technical societies,
government, labor and consumer groups.
ANSI serves as the US member body of ISO.
What is ANSI’s Role, what does ANSI add?









ANSI does not develop Standards
Facilitates development of American National Standards.
Accredits Standards developers.
Examines developers processes.
Coordinates and represents Standards in the US
Oversees the creation of Standards
Assess conformance to ANSI rules
Audits accredited organizations like X9
Member body of ISO
The X9 Organization



X9 is organized through committees and membership
levels.
X9’s Board/consensus body acts as oversight and
management group, determines the acceptance of a
draft standard to be recommended to ANSI for
acceptance as an American National Standard.
The consensus body also is the US vote to ISO TC68
Board Organization


Board acts as the consensus body voting on acceptance/rejection of
X9 standards.
Within the Board there are five management committees including:
Executive Committee
Policy and
Procedures
Finance Committee
Marketing and
Membership
Board of Directors
(consensus body)
SUBCOMMITTEES
Payments
• CHECKS
•CORPORATE
• RETAIL
Credit
• E-SIGN
Securities
Data Security
• CODES
CRYPTOGRAPHY
• MESSAGES
•APPLICATION
•CARDHOLDER
AUTHENTICATION
X9 Subcommittee Structure



Currently, the X9 organization consists of four
subcommittees.
Each subcommittee has domain over subject areas—
payments (cards/checks/corporate) credit, securities,
and security—important to industry.
Working groups are a subset of each subcommittee
they are organized when needed to develop standards
for approval by the balanced consensus body.
Working Groups




Working Groups are established by the Board or
Subcommittee to deal with specific technical areas.
Working Groups contain the expertise to develop
standards answers to issues facing the industry.
They may reorganize, become active to meet new
industry challenges or upon completion of a body of
work become inactive
Working groups are not permanent committees
Who is ISO?


ISO is a network of the national standards institutes of
157 countries, on the basis of one member per country,
with a Central Secretariat in Geneva, Switzerland, that
coordinates the system. See www.iso.ch
ISO is a non-governmental organization: its members
are not, as is the case in the United Nations system,
delegations of national governments.
What is TC68 to ISO (ISO TC68)?


TC68 is one of 230 – ISO technical committees – the
only dedicated to financial standards
TC68 has produced more than 70 universally
implemented financial standards – ISO has produced
more than 25,000 international standards
Why is X9 involved in ISO and how can you
participate?
•
•
•
•
•
Make an informed choice in which standardization
projects your company should participate;
Influence international standards development in such a
way that the resulting standards are fit for your company
to achieve its business targets;
Define difficulties in relating your participation directly to
the business goals of your company;
Prioritize standardization activity your company should
participate in;
Alternative approaches to standards development in
case of common interests or conflicting interests;
About ISO TC68




TC68 is ISO’s designated standards development group
for the Financial Services industry.
X9 (under ANSI) holds secretariat of TC68 and SC2, X9
members are active participants in developing and
forwarding global standards.
Presently, the technical subcommittees under TC68—
Security Management, Securities and Related
Instruments, and Core Banking.
Currently leading 20022 effort on financial messaging,
including payments, securities, trade/finance, e-invoice
and more.
ISO Technical Committee TC68
Financial Services
SC2
SC4
UNIFI
RMG
SC7
Security Securities Banking
RMG members nominated by
P-member countries and Aliaison organisations
SEG members nominated by
all member countries and
liaison organisations
WG4
UNIFI Review
CARD
SEG
SEG
Securities
SEG
Payments
RA
SEG
Trade Services
SEG
FX
ISO Technical Committee 68
Financial Services – reporting committees
 Subcommittee 2- Security
 Subcommittee 4- Securities
 Subcommittee 7- Core Banking
 20022 RMG reports to TC68 as does
 TC68/WG4 revising ISO 20022
Industry Payback – why join, why participate?





“X9 doesn’t cost, it pays.”
Influential in standard processes both domestically and
internationally.
Skilled at development of voluntary consensus-based
standards
Works with organizations not often part of the industry.
Needs total participation from industry.
Additional Information
Contact ASC X9, Inc.
1212 West Street, Suite 200
Annapolis, MD 21401
410 267-7707
www.x9.org