ETA Hosts Payments Fly-In on Capitol Hill
Payments Technology Executives to Meet With Legislators and Regulators about Safe, Reliable, and Secure Payments Technology
WASHINGTON, Sept. 17, 2015 /PRNewswire-USNewswire/ -- The Electronic Transactions Association (ETA), the global trade association representing the payments technology world, today will host the Payments Fly-In on Capitol Hill. More than 70 payments and technology industry leaders will meet with Members of Congress and federal regulators, including the CFPB, Federal Reserve and Treasury, to discuss issues facing the industry. The Fly-In allows ETA members to speak directly to lawmakers and provide insight into how payments drives the U.S. economy.
"The ETA Executive Payments Fly-In brings industry leaders to Washington as the voice of the payments industry," said Jason Oxman, ETA CEO. "ETA is excited to bring our members face to face with members of Congress and regulators to engage in frank discussion about our industry, which enables $5 trillion in electronic transactions for merchants and consumers in the U.S. each year."
Participants will meet with 40 Congressional leaders and regulators including members of the newly formed House and Senate Payments Caucuses. The House Congressional Payments Technology Caucus and the Senate Payments Innovation Caucus were formed to explore the new and innovative technologies in the payments industry, as well as answer questions about data security, unbanked users' access to electronic payments, and more. Senator David Perdue (R-GA), a member of the Senate Caucus, will address the attendees regarding the importance of electronic payments for the U.S. economy.
"Having a voice in politics is crucial for businesses of all sizes," said Scott Talbott, ETA Senior Vice President of Government Affairs. "At a time of unprecedented change in the payments industry, including mobile payments and other new technologies, ETA's government relations efforts are enormously important to advance our industry."
"ETA member companies continue to drive payments technology innovation," said Greg Cohen, President of iPayment and ETA's President-Elect. "We are grateful that members of Congress and regulators are interested in and excited about the secure and convenient payments advancements that we are offering American consumers and merchants."
The ETA Executive Payments Fly-In is the latest in ETA's series of policy events advancing the payments technology industry. Upcoming events include Chip Card 101 on October 1 in Washington, D.C.
For media inquiries, contact Meghan Cieslak at 202-677-7406 or [email protected].
About ETA
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $5 trillion in purchases in the U.S. and deploying payments innovations to merchants and consumers.
Contact:
Meghan Cieslak
202.677.7406
[email protected]
SOURCE ETA
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