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X9.59-2006

Electronic Commerce for the Financial Services Industry: Account Based Secure Payment Objects

This standard addresses the following: Payment Model Description: This standard describes a model of account based electronic payments. It identifies the roles played by different components of the payment process and the flow of information between those roles. The roles are the consumer, who wishes to make a payment, a merchant which provides value, and their respective Financial Institutions, the consumer financial institution and the merchant financial institution. Secure Object Specifications This standard specifies a collection of electronic payment objects and references digital signature techniques to secure their content.


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Accredited Standards Committee, Inc. - Financial Industry Standards [ascx9]


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As the voice of the U.S. standards and conformity assessment system, the American National Standards Institute (ANSI) empowers its members and constituents to strengthen the U.S. marketplace position in the global economy while helping to assure the safety and health of consumers and the protection of the environment.

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