Accredited Standards Committee X-9 Financial Industry Standards Inc

Annapolis, MD · Founded 1974

Develops and maintains standards for secure and efficient financial transactions in the banking industry

Primary audience
Financial Institutions
Work area
Standards Development
Topic
Financial Technology
Contact
Harden Stevens
Website Contact

About Organization

Accredited Standards Committee X9 creates technical standards ensuring financial transactions are efficient, safe, and secure. Based in Annapolis, MD, the organization operates with 4 employees and 1,500 volunteers, generating $728,377 in revenue in 2023. Founded in 1974, it serves the financial services sector through standards development and industry collaboration.

What They Focus On

Payment Security

Developing cryptographic and security standards that protect financial transactions from fraud and cyber threats

Transaction Efficiency

Creating standards that streamline banking operations and enable interoperability between different financial systems

Industry Consensus

Building agreement among banks, processors, and technology providers on technical specifications and best practices

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2023)

$728K

-5.9% vs 2022

Expenses (2023)

$773K

-3.4% vs 2022

Assets (2023)

$1.4M

-2% vs 2022

Employees (2023)

4

+0% vs 2022

Year Revenue Expenses Assets Employees
2023 $728,377 $772,660 $1,421,953 4
2022 $774,149 $799,664 $1,450,273 4
2021 $743,013 $717,613 $1,087,379 4
2020 $782,887 $707,042 $1,091,792 4
2019 $704,877 $704,923 $1,045,864 4
2018 $711,121 $700,033 $1,092,004 3
2017 $693,773 $632,883 $1,102,948 3

Source: IRS Form 990 filings. All figures in USD.

How They Work

Learn more
  • 01

    Identify Needs

    Financial industry stakeholders identify gaps and requirements for new or updated transaction standards

  • 02

    Committee Review

    Volunteer technical experts analyze proposals and draft standards through collaborative committee processes

  • 03

    Standards Development

    Draft standards undergo rigorous testing, refinement, and consensus-building among industry participants

  • 04

    Publication and Adoption

    Approved standards are published and implemented across financial institutions to ensure secure transactions

Programs and Initiatives

Services and programs offered by Accredited Standards Committee X-9 Financial Industry Standards Inc

Standards Development

Creates and maintains technical standards for financial transaction security, efficiency, and interoperability across banking systems

Industry Collaboration

Facilitates cooperation among financial institutions, technology providers, and regulators through volunteer committee work

Technical Documentation

Publishes specifications and guidelines for implementing secure payment systems and data protection protocols

Payment Security

Develops standards for secure electronic payments, cryptography, and fraud prevention in financial transactions

Team & Leadership

Meet the people behind Accredited Standards Committee X-9 Financial Industry Standards Inc.

Harden Stevens

Harden Stevens

Executive Director
Full-time
Compensation: $245,083
Ainsley Hargest

Ainsley Hargest

Chair of X9A Electronic and Emerging Payments, Sr Payments Consultant Federal Reserve Bank of Minneapolis
1 hrs/week
Jackie Pagn

Jackie Pagn

Chair of X9B Financial Services Operations, Vice President, TCH – Check Outreach and Education
1 hrs/week
Lisa Iagatta

Lisa Iagatta

Chair of X9 Finance Committee Operations, Director, Strategic Engagements at Securrency, Inc, Chairman of the Board of Directors, ISITC NA
1 hrs/week
Steven Bowles

Steven Bowles

Chair of X9F Data and Information Security, Regional Security Officer – North America, Ingenico
1 hrs/week
Tab Stewart

Tab Stewart

Chair of X9 Policy & Procedures Committee Senior Vice President & Counsel Financial Services Standards, American Bankers Association
1 hrs/week
Ted Rothschild

Ted Rothschild

Chair of X9C Corporate Banking, Executive Director Wholesales Payments, JP Morgan Chase
1 hrs/week
Janet Busch

Janet Busch

Director of Operations and International Standards
Ambria Calloway

Ambria Calloway

Manager of US Standards & Social Media
Mark Tiggas

Mark Tiggas

X9 Consultant on ISO 20022 APIs & Mobile and Faster Payments
Corby Dear

Corby Dear

Chair of X9 Board of Directors, Director of Standards, Bloomberg
Lisa Taikitsadaporn

Lisa Taikitsadaporn

Vice Chair of X9 Board of Directors, Managing Partner Brook Path Partners, Inc.
Troy Carrothers

Troy Carrothers

X9 Treasurer, Chief Operating Officer Merchant Advisory Group
Jim Northey

Jim Northey

Chair of ISO TC68 Financial Services, FIX Trading Community, Global Technical Co-chair, Americas Region
Mark Kielman

Mark Kielman

Chair of X9 Membership and Marketing Committee, Director of Operations Strategy, Federal Reserve Financial Services
Tom Brown

Tom Brown

Chair of X9D Securities Associate Director, Data Strategy & Standards, Office of Financial Research U.S. Department of the Treasury
Kim Wagner

Kim Wagner

Chair of ISO TC68/SC2 Financial Services Security Senior Director, Visa
AC

Adam Clark

Member
1 hrs/week
AT

Alan Thiemann

Member
1 hrs/week
AB

Andrea Beatty

Member
1 hrs/week
AV

Andy Vo

Member
1 hrs/week
AK

Anne Konecny

Member
1 hrs/week
AS

Anne Suprenant

Member
1 hrs/week
BP

Brian Politz

Member
1 hrs/week
BW

Bruce Welch

Member
1 hrs/week
BP

Bryan Penny

Member
1 hrs/week
DC

Dean Coclin

Member
1 hrs/week
DM

Diana Muse

Member
1 hrs/week
ES

Ed Scheidt

Member
1 hrs/week
GS

Gary Sliger

Member
1 hrs/week
GF

Gerard Faulkner

Member
1 hrs/week
GM

Gordon MacKay

Member
1 hrs/week
GW

Gregory Wren

Member
1 hrs/week
HV

Harish Veeravalli

Member
1 hrs/week
JF

Jackie Farone

Member
1 hrs/week
JS

Jaewhan Shin

Member
1 hrs/week
JN

James Northey

Member
1 hrs/week
JT

James Torjussen

Member
1 hrs/week
JS

Jeff Stapleton

Member
1 hrs/week
JV

Joachim Vance

Member
1 hrs/week
JH

Jonathan Hammell

Member
1 hrs/week
KL

Kathy Levin

Member
1 hrs/week
KB

Kevin Barnes

Member
1 hrs/week
KF

Kyle Floyd

Member
1 hrs/week
LG

Lisa Gifaldi

Member
1 hrs/week
MN

Manish Nathwani

Member
1 hrs/week
MK

Mark Kamers

Member
1 hrs/week
MT

Melinda Tobolewski

Member
1 hrs/week
ML

Michele Lieber

Member
1 hrs/week
MB

Mike Boyle

Member
1 hrs/week
NK

Naresh Karri

Member
1 hrs/week
RK

Richard Kisley

Member
1 hrs/week
RL

Richard Luchak

Member
1 hrs/week
RS

Robert Stowsky

Member
1 hrs/week
RB

Ryan Buerger

Member
1 hrs/week
RS

Ryan Smith

Member
1 hrs/week
SN

Sayuj Nambiar

Member
1 hrs/week
SD

Sean Dunlea

Member
1 hrs/week
SM

Smita Mahapatra

Member
1 hrs/week
SR

Stephen Ranzini

Member
1 hrs/week
SI

Sudha Iyer

Member
1 hrs/week
TB

Thomas Brown Jr

Member
1 hrs/week
TH

Todd Herndon

Member
1 hrs/week
TM

Tom Melling

Member
1 hrs/week
TG

Tomas Gustavsson

Member
1 hrs/week
LC

Lindsay Conley

Project Manager

Milestones

1974

Committee Founded

1974

Accredited Standards Committee X9 established to develop financial industry technical standards

2002

Tax-Exempt Status

2002

Organization received IRS tax-exempt recognition as industry standards development body

2020

Revenue Peak

2020

Achieved highest annual revenue of $782,887 during period of increased standards activity

Associated People

Board members, advisors, and key contributors

Board of Directors

CD
Corby Dear Chair 001.00 hrs/week
MW
Michelle Wright Vice Chair 001.00 hrs/week

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2023)

$256K

Highest Paid

$256K

Harden Stevens

Compensated Officers

1

Name Title Base Other Total Hrs/Wk
Harden Stevens Executive Director $245,083 $10,760 $255,843 040

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

Contact

Get in touch with Accredited Standards Committee X-9 Financial Industry Standards Inc

Phone

(410) 267-7707

Social

Visit Website
275 West Street Ste 107 Annapolis, MD 21401