Mars Finance reports that a consortium comprising Core Bank and instant payment software company Matera, embedded payments company Payfinia, Solana Foundation, and others conducted the first public live demonstration of the ANSI X9.150 standard at Money20/20 USA in Las Vegas. The demonstration showed that a single QR code on an invoice enables customers to pay via FedNow, RTP networks, or USDC on Solana, with business invoice records automatically updated afterward. The report states that ANSI X9.150 was approved as a standard by the ANSI X9 committee in July 2026, providing a unified QR code payment format for banks, payment networks, and software providers, covering account-to-account payments such as FedNow, RTP, ACH credit transfers, Zelle, and stablecoins. During the live process, small businesses sent invoices with X9.150 QR codes; customers could scan them using a credit union banking app or pay and confirm via the Squads Altitude wallet using USDC, with funds settling within seconds and the ERP system marking the invoice as paid. Carlos Netto, Co-Founder and CEO of Matera North America, said the company has open-sourced the X9.150 reference software because a standard built by only one company is not a true standard. Jamal Raees, General Manager of Payments at Solana Foundation, said X9.150 enables U.S. businesses to use a single QR code across payment rails—customers scan it and pay with USDC, and the invoice is marked as paid within seconds. Payfinia provides embedded payment support to nearly 30 community financial institutions and has completed testing using the Star One Credit Union mobile app. The report explicitly stated that this demonstration was not a product launch. Participants in the X9.150 QR Code Consortium include Matera, Payfinia, Zelle (under Early Warning), and Solana Foundation.
Matera Demonstrates the ANSI X9.150 QR Payment Standard at Money20/20
MarsBitShare
Summary
Matera demonstrated the ANSI X9.150 QR payment standard at Money20/20, a major on-chain industry event. The demo enabled payments via FedNow, RTP, or Solana-based USDC using a single QR code. The standard, approved in July 2026, aims to unify U.S. QR payment formats. Payfinia confirmed testing with Star One Credit Union. The Solana Foundation and Matera emphasized open-source collaboration. This crypto news update reflects ongoing efforts to streamline digital payments.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.