Creating a National Standard for Mobile Financial Services in the U.S.

By Susan M. Pandy, Ph.D. | Federal Reserve Bank of Boston

ASC X9 continues to work with many organizations to develop standards for the financial services industry. Due to the lack of open industry standards to guide the development of mobile payments “the Accredited Standards Committee (ASC) X9 has undertaken the X9.134 initiative to develop a domestic mobile financial services (MFS) standard modeled after the ISO 12812: Core Banking – Mobile Financial Services standard and technical specifications published in 2017.” Read the rest of the article published by the Federal Reserve Bank of Boston.

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