Committees

The X9 organization is made up of its Board of Directors/Consensus Body and four Subcommittees of organizational experts mirroring important business sectors of the financial services industry. Under these broad business areas further specialists are organized creating Working Groups, Working Groups are formed as the need arises.

X9AB - Payments Subcommittee (Retail, Corporate and Checks)

The Payments Subcommittee X9AB develops standards for payments systems that facilitate interoperability among traditional and emerging payment technologies,processing both domestically and globally.

X9C-Credit

The Credit Subcommittee X9C standardizes electronic credit contracting inclusive of creation, storage, and assignment of contracts for consumer financing secured by specific goods. Initially the Credit Subcommittee focused on standardization in the automotive finance area with respect to the use of Electronic Chattel Paper for consumer retail installments sales and leasing transactions. X9C expects to standardize other consumer contracts such as mortgage, credit card and household goods.

X9D-Securities Processing

The Securities Subcommittee X9D develops standardization of electronic institutional trade communications for the securities industry, securities data dictionary, procedures, information requirements, and paper documents related to securities processing.

X9F-Data & Information Security

The Data and Information Security Subcommittee X9F deals with standardization to reduce financial data security risk and vulnerability.