- Matera, Payfinia, and Solana Foundation demonstrated the new ANSI X9.150 QR code payment standard at Money20/20 USA, enabling multiple payment networks through a single QR code.
- The X9.150 standard was officially approved in July 2026 by the American National Standards Institute’s Accredited Standards Committee X9.
- Supported payment options include FedNow, RTP, ACH, Zelle, and stablecoins such as $USDC on the Solana blockchain.
Matera, Payfinia, and Solana Foundation Unveil X9.150 QR Code Payment Standard at Money20/20 USA
Payment technology provider Matera, digital banking and payment services company Payfinia, and the Solana Foundation have jointly demonstrated a groundbreaking U.S. payment standard at Money20/20 USA. The new standard, designated X9.150, introduces a unified QR code framework that allows consumers to pay invoices across multiple payment networks through a single, interoperable code. The live demonstration marks a significant milestone in the effort to standardize and simplify the fragmented U.S. payments landscape.
What Is the X9.150 Standard and How Does It Work?
The X9.150 standard was formally approved in July 2026 by the American National Standards Institute’s (ANSI) Accredited Standards Committee X9, the body responsible for financial industry standards in the United States. At its core, the standard is designed to eliminate the need for businesses to maintain separate payment processes for each individual payment network they wish to support. Instead, a single QR code can serve as the universal entry point for a range of payment methods, streamlining the checkout and invoicing experience for both merchants and customers.
The supported payment options under X9.150 span the full spectrum of modern U.S. payment rails. These include the Federal Reserve’s instant payment service FedNow, The Clearing House’s Real-Time Payments (RTP) network, traditional ACH bank transfers, peer-to-peer payment platform Zelle, and digital asset stablecoins — specifically $USDC running on the Solana blockchain. The inclusion of both legacy banking infrastructure and blockchain-based settlement options signals the standard’s ambition to serve as a truly comprehensive interoperability layer for the U.S. payments industry.
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Industry Collaboration Driving Standardization
The collaboration between Matera, Payfinia, and the Solana Foundation reflects a broader industry push to reduce payment fragmentation in the United States, where merchants and financial institutions have historically been forced to integrate and manage multiple distinct payment systems. By demonstrating X9.150 at Money20/20 USA — one of the financial technology sector’s most prominent conferences — the three organizations signaled that the standard is not merely theoretical but production-ready and capable of supporting real-world transaction flows across both traditional and blockchain-based networks.
Why This Matters
The approval and demonstration of X9.150 arrives at a pivotal moment for the U.S. payments ecosystem. American consumers and businesses increasingly demand faster, more flexible payment options, while merchants face mounting complexity and cost in supporting multiple payment rails simultaneously. A standardized QR code framework could dramatically reduce integration overhead for banks, fintechs, and point-of-sale technology providers. Furthermore, the explicit inclusion of Solana-based $USDC within an ANSI-approved standard represents a notable step toward mainstream regulatory and institutional recognition of stablecoin payments as a legitimate and interoperable component of the U.S. financial infrastructure. As instant payment adoption accelerates through FedNow and RTP, X9.150 has the potential to become a foundational layer connecting traditional and digital asset payment networks.
Frequently Asked Questions
What is the X9.150 standard?
X9.150 is a new U.S. QR code payment standard approved by the American National Standards Institute’s Accredited Standards Committee X9 in July 2026. It enables businesses to accept payments across multiple networks — including FedNow, RTP, ACH, Zelle, and $USDC on Solana — through a single QR code, eliminating the need for separate payment processes for each network.
Which organizations demonstrated X9.150 at Money20/20 USA?
The standard was demonstrated jointly by Matera, a payment technology provider; Payfinia, a digital banking and payment services company; and the Solana Foundation at the Money20/20 USA conference.
Does X9.150 support cryptocurrency or stablecoin payments?
Yes. Among the supported payment options, X9.150 includes $USDC stablecoin transactions settled on the Solana blockchain, alongside traditional payment rails such as FedNow, RTP, ACH transfers, and Zelle.
