The standard, ANSI X9.24-1-2017 part 1 has been written to provide minimum symmetric key management requirements and guidelines for the retail financial industry and actors involved in processing card payments.

Here we explore the different entities that form the card payment environment, as described in the norm ANSI X9.24-1-2017. We also explain why securely managing the symmetric keys used in such a context is an important way of securing transactions and, in general, of securing the whole Card Payment Environment.

ANSI X9.24-1-2017 part 1 is a standard that deals with symmetric key management techniques for retail financial services.