X9A Retail Payments Subcommittee – Project Status

X9.138 Distributed Ledger Technologies Terminology

There are many new DLT, blockchain and smart contract initiatives sprouting up in the US and around the world. Unfortunately, each new effort seems to assign the same terms to different meanings. Due to a lack of standards, there are misconceptions about the meanings of security capabilities, conflicts with the long agreed meanings of terms used in contract law, and a lack of understanding of requirements specific to the financial services. A set of defined terms based on those commonly understood and used in the financial services will benefit our industry. These terms will assist our regulators, inform future legislation, and provide consistency in the development of future X9 standards for the financial services. The X9A1 workgroup will be developing a standard that defines such terminology. If you are interested in developing this standard click here.


TR-48 Card Not Present Fraud Mitigation

This is a new technical report that is being developed by the X9A23 CNP (Card Not Present) Fraud working group. The purpose of this work effort is to develop a technical report (TR) summarizing best practices to mitigate CNP fraud in the U.S. This report would identify enhanced security practices that could be adopted, as appropriate, by all the relevant stakeholders within the card payment system including merchants, processors and financial institutions. The report would also provide better information for assessors, auditors, and regulators to evaluate fraud risk and controls in the card payment ecosystem. The TR has been developed and is hoped to be published within the first quarter of 2018.