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. International Federation Of Accountants ...

    The worldwide organization for the accountancy profession. The ...
  3. World Congress Of Accountants - ...

    The leading international symposium for the accountancy profession. ...
  4. International Accounting Standards ...

    An older set of standards stating how particular types of transactions ...
  5. International Financial Reporting ...

    A set of international accounting standards stating how particular ...
  6. Basel Committee On Bank Supervision

    A committee established by the central bank governors of the ...
Related Articles
  1. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  2. The Ins And Outs Of Bank Fees
    Options & Futures

    The Ins And Outs Of Bank Fees

  3. Do nonprofit organizations pay taxes?
    Investing

    Do nonprofit organizations pay taxes?

  4. How Basel 1 Affected Banks
    Personal Finance

    How Basel 1 Affected Banks

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center