ASC X9 Committees

X9 - Board of Directors

ASC X9 is made up of its Board of Directors (Membership Category A and also named the "Consensus Body") and four Subcommittees with experts mirroring important business sectors of the financial services industry. Under these broad business areas additional experts are organized into Working Groups on an as needed basis. The Board also forms management committees that serve X9.

X9AB - Payments Subcommittee

The Payments Subcommittee X9AB develops standards for payments systems that facilitate interoperability among traditional and emerging payment technologies, processing both domestically and globally. Presently, AB Subcommittee is involved with a standards-development workload aimed at retail and card standards, corporate payments, as well as checks.

X9C-Credit

The Credit Subcommittee X9C creates and manages electronic credit contracting standards and technical reports that involve creation storage, and assignment of contracts for consumer financing secured by specific goods. Initially the Credit Subcommittee focused on standards for the automotive finance area with respect to the use of Electronic Chattel Paper for consumer retail installments sales and leasing transactions. X9C plans to standardize other consumer contracts such as mortgage, credit card, and major household purchases.

X9D-Securities Processing

The Securities Subcommittee X9D manage standards that assist the electronic institutional trade communications for the securities industry, its data dictionary, procedures, information requirements, and paper documents related to securities processing.

X9F-Data & Information Security

The Data and Information Security Subcommittee X9F drafts standards with the potential to reduce financial data security risk and vulnerability.