American National Standards Institute - ANSI

AAA

DEFINITION of 'American National Standards Institute - ANSI'

An organization that oversees the creation and dissemination of norms and standards in almost every U.S. business sector. ANSI is also actively involved in the accreditation programs that oversee those standards, including ISO 9000 (quality) and ISO 14000 (environmental) management systems. It was founded in 1918 by five engineering societies and three government agencies; it is now a nonprofit organization.

INVESTOPEDIA EXPLAINS 'American National Standards Institute - ANSI'

Under ANSI's supervision, Accredited Standards Committee X9 (ASC X9) oversees the global financial services industry and is responsible for all financial-services standards in the U.S. In that capacity, ASC X9 plays a key role in the introduction of new banking technologies. Examples include standards for paper and electronic checks, credit card magnetic stripes and ATM cards. The American Bankers Association provides administrative support for ASC X9 standards.

RELATED TERMS
  1. ASC X12

    The Accredited Standards Committee (ASC) X12 is a body that develops ...
  2. World Congress Of Accountants - ...

    The leading international symposium for the accountancy profession. ...
  3. International Federation Of Accountants ...

    The worldwide organization for the accountancy profession. The ...
  4. Financial Accounting Standards ...

    A seven-member independent board consisting of accounting professionals ...
  5. International Financial Reporting ...

    A set of international accounting standards stating how particular ...
  6. International Accounting Standards ...

    An older set of standards stating how particular types of transactions ...
RELATED FAQS
  1. Do nonprofit organizations pay taxes?

    Section 501 of the Internal Revenue Service (IRS) tax code exempts qualified nonprofit organizations from federal taxes. ... Read Full Answer >>
  2. How does revenue recognition differ between profit and non-profit companies?

    Under the generally accepted accounting principles, or GAAP, for-profit companies recognize revenue as it is earned through ... Read Full Answer >>
  3. Does the federal government fund any NGOs? Which ones?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs ... Read Full Answer >>
  4. How do NGOs get funding?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs ... Read Full Answer >>
  5. What does "pro bono" mean?

    The term pro bono is short for the Latin "pro bono publico," which means "for the public good." The term generally refers ... Read Full Answer >>
Related Articles
  1. Credit & Loans

    The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.
  2. Options & Futures

    The Ins And Outs Of Bank Fees

    These service charges could nickel and dime you right out of your nest egg.
  3. Retirement

    Navigating Government And Nonprofit Financial Statements

    Learn how to trace where your tax dollars and charitable donations are going.
  4. Personal Finance

    How Basel 1 Affected Banks

    This 1988 agreement sought to decrease the potential for bankruptcy among major international banks.
  5. Taxes

    Tips on Charitable Contributions: Limits and Taxes

    An overview of the limits and tax deductions of charitable donations.
  6. Investing

    Internet.org: What It Is and How It Works

    Basic Internet access remains out of reach for many in developing nations. Internet.org aims to bring basic Internet access to these countries.
  7. Taxes

    Top Fund-Raising Strategies For Nonprofits

    Top fund-raising strategies for nonprofit organizations
  8. Taxes

    The Top Nonprofit Organizations

    Did you know basketball and volleyball were invented by instructors at a charity?
  9. Personal Finance

    How To Start Your Own Private Foundation

    Private foundations can be time consuming and expensive to set up and operate.
  10. Entrepreneurship

    Microfinance: What It Is And How To Get Involved

    This growing industry is full of opportunities for the socially conscious investor.

You May Also Like

Hot Definitions
  1. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  2. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
  3. Moving Average - MA

    A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random ...
  4. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  5. Productivity

    An economic measure of output per unit of input. Inputs include labor and capital, while output is typically measured in ...
  6. Variance

    The spread between numbers in a data set, measuring Variance is calculated by taking the differences between each number ...
Trading Center