Matera and Others Demonstrate US QR Code Payment Standard X9.150 at Money20/20

Matera, Payfinia, and the Solana Foundation conducted the first public live demonstration of the US national standard ANSI X9.150 at Money20/20 USA in Las Vegas. The demonstration showcased a single QR code on invoices, allowing customers to pay via FedNow, RTP network, or with USDC on Solana, with business invoice records automatically updated afterward. X9.150 was recognized by the American National Standards Institute 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 demonstration, small businesses sent invoices with X9.150 QR codes, which customers could scan using credit union banking apps or pay with the Squads Altitude wallet using USDC, with funds arriving within seconds, and the ERP marking the invoice as paid. Matera CEO Carlos Netto stated that the X9.150 reference software has been open-sourced, emphasizing that the standard needs to be built collaboratively by multiple parties. Jamal Raees, General Manager of Payments at the Solana Foundation, pointed out that X9.150 provides US businesses with a single QR code usable across payment rails. Payfinia offers embedded payment support for nearly 30 community financial institutions and has completed testing in the Star One Credit Union mobile app. This demonstration is not a product launch, and participants also included Zelle under Early Warning.

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