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FPC, ASC X9 form steering committee to advance faster payments standards initiatives

Friday, May 29, 2026 — 15:59:20 (UTC)

U.S. Faster Payments Council and ASC X9 Establish Joint Standards Steering Committee to Advance Faster Payments Standards Initiatives

May 28, 2026 – The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, and the Accredited Standards Committee X9 Inc. (X9), the organization accredited by ANSI to develop financial industry standards for the United States, today announced the formation of the FPC–ASC X9 Joint Standards Steering Committee (JSSC), a collaborative body established to accelerate the adoption of faster payments by addressing standards-related barriers across the payments ecosystem.

Building on the strategic alliance established between the two organizations in 2025, the JSSC brings together industry leaders and technical experts to align real-world industry experience with technical standards development. The Committee will work to identify and prioritize standards initiatives that strengthen interoperability, consistency, and security across faster payments while remaining aligned with global frameworks such as ISO 20022.

The JSSC reinforces the shared commitment of the FPC and ASC X9 to enable a secure, interoperable, and broadly accessible faster payments environment in the United States. The Committee is scheduled to convene in June 2026 to begin a structured review of existing standards and identify high-impact opportunities to address industry friction points through standards development and coordination. As part of this effort, early alignment will include engagement with the X9 Fraud industry forum, where stakeholders collaborate on fraud prevention standards foundational to the security of faster payments.

The JSSC is governed through a joint delegation model with equal representation from the FPC and ASC X9 to ensure balanced oversight and broad stakeholder input.

FPC Representatives

Matt Friend, Operations Committee Appointee; Managing Director, JPMorgan Chase Kristie Gantt-Bean, Elected Member Representative; Digital Product Management Director, Wells Fargo Joanie Stem, Elected Member Representative; Product Manager, Fiserv Angela Hendershott, Senior Vice President, Association Operations Leader, FPC Reed Luhtanen, Executive Director and CEO, FPC

ASC X9 Representatives

Corby Dear, Chair, X9 Board of Directors; Director of Standards, Bloomberg Ainsley Hargest, Chair of X9A Electronic & Emerging Payments; Payments Standards Strategy, Federal Reserve Financial Services Ted Rothschild, Vice Chair, X9 Board of Directors; Executive Director Payments, JPMorgan Chase Janet Busch, Director of Operations, ASC X9 Steve Stevens, Executive Director, ASC X9

The Committee’s work represents the first phase of a long-term roadmap focused on foundational alignment, prioritization of standards initiatives, expanded industry participation, and ongoing education to help deliver tangible value to the faster payments ecosystem over time.

“The formation of the FPC–ASC X9 Joint Standards Steering Committee marks an important step in advancing collaboration between the payments industry and standards development organizations,” said Reed Luhtanen, FPC Executive Director and CEO. “By combining the FPC’s broad industry engagement with ASC X9’s expertise in financial standards, this Committee will help drive practical outcomes that support greater interoperability, security, efficiency, and adoption of faster payments.”

“X9 is pleased to work with the U.S. Faster Payments Council to help identify where standards can remove friction and support broader adoption of faster payments that will benefit the U.S. payments ecosystem,” said Steve Stevens, Executive Director of ASC X9.

For more information on the progress of the FPC–ASC X9 Joint Standards Steering Committee, visit fasterpaymentscouncil.org/FPC-ASC-X9-Joint-Standards-Steering-Committee.

Contact: Elizabeth Grice U.S. Faster Payments Council 720-737-7368 egrice@fasterpaymentscouncil.org

About the U.S. Faster Payments Council (FPC)

The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org and follow the FPC on LinkedIn and X.

About the Accredited Standards Committee X9 Inc.

The Accredited Standards Committee X9 Inc. is a non-profit organization accredited by the American National Standards Institute (ANSI) to develop and maintain national and through ISO international standards for the financial services industry. The subjects of X9's standards include: retail, mobile and business payments; payment fraud; corporate treasury functions; blockchain technology; processing of electronic legal orders issued to financial institutions; tracking of financial transactions and instruments; financial transaction messaging (ISO 8583 and 20022); quantum computing; AI, merchant initiated QR code secure payments; checks; cloud security; data breach notification and more. In addition, X9 is the governing body for a family of X9 PKI products issued by DigiCert.

X9 acts as the U.S. Technical Advisory Group (TAG) for ISO TC68 (Financial) and performs the secretariat functions for ISO TC68. Please visit our website (www.x9.org) for more information. Follow ASC X9 on Facebook, LinkedIn, Twitter and YouTube.

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Source: Company press release.

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