Transaction Trends

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October is Cybersecurity Awareness Month – Get Security Resources from ETA

10-22-2019

These 10 Cities Had the Highest Fraudulent Chargeback Rates, Report Finds

October is Cybersecurity Awareness Month! Data security and risk management both online and offline are critical to the payments technology ecosystem. Payments technology companies will spend more on protecting consumers from fraud online than any other industry by 2021.

Potential losses for payments companies due to fraud online are not table stakes – one study found they are set to result in $130 billion in losses by 2023.

ETA is committed to supporting its members as they invest in making the payments ecosystem more secure. For cybersecurity awareness month, check out these resources and news stories we’ve released that help ETA members navigate risk, data security and the fight against fraud:

Resources:

Webinars:

Blogs:

Podcasts:

 

About ETA

The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $56.75 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
 
ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. For more information, visit electran.org.

Guest Post: Payments Shock Factor: The Digital Acceleration No One Saw Coming

News

Guest Post: Payments Shock Factor: The Digital Acceleration No One Saw Coming

By Steve Villegas, VP, Payment Partnerships North America, PPRO To suggest that COVID-19 has transformed the future of business would be too obvious. But, in certain industries like retail, it is hard to fathom just . . .

8-19-2020

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ETA Expert Insights: PCI DSS Validation Responsibilities for Payment Facilitators and Their Sub-Merchants

News

ETA Expert Insights: PCI DSS Validation Responsibilities for Payment Facilitators and Their Sub-Merchants

By Jim Bibles, Aperia, Chris Bucolo, ControlScan, and Lori Rainery First American Payment Systems, members of the ETA Payment Facilitator Committee. There are many misconceptions around the responsibilities of Payment Card Industry Data Security Standard . . .

8-5-2020

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Guest Post: How the Pandemic Changed Unemployment Fraud

News

Guest Post: How the Pandemic Changed Unemployment Fraud

By Gurjot Kaur Bandasha, Engineering Manager, Dataseers On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (FFCRA), which provided additional flexibility for state unemployment insurance agencies and additional administrative . . .

7-23-2020

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The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

OREGON

  • 17,500 total employment
  • $1.7B total labor income
  • $2.7B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MINNESOTA

  • 36,000 total employment
  • $3.6B total labor income
  • $5.8B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MICHIGAN

  • 43,900 total employment
  • $3.8B total labor income
  • $5.8B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MONTANA

  • 5,000 total employment
  • $400,000,000 total labor income
  • $700,000,000 total GDP contribution
  • To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NEBRASKA

  • 15,600 total employment
  • $1.4B total labor income
  • $2.2B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NEVADA

  • 22,400 total employment
  • $1.9B total labor income
  • $3.2B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NEW HAMPSHIRE

  • 6,400 total employment
  • $700,000,000 total labor income
  • $1.0B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NEW JERSEY

  • 53,400 total employment
  • $6.4B total labor income
  • $8.2B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NEW MEXICO

  • 5,900 total employment
  • $400,000,000 total labor income
  • $800,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NORTH CAROLINA

  • 71,000 total employment
  • $7.1B total labor income
  • $13.9B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NORTH DAKOTA

  • 4,600 total employment
  • $400,000,000 total labor income
  • $700,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

OHIO

  • 80,400 total employment
  • $6.9B total labor income
  • $16.6B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

OKLAHOMA

  • 18,600 total employment
  • $1.4B total labor income
  • $2.2B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MISSISSIPPI

  • 10,100 total employment
  • $600,000,000 total labor income
  • $1.2B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

PENNSYLVANIA

  • 64,500 total employment
  • $6.3B total labor income
  • $9.7B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

RHODE ISLAND

  • 5,800 total employment
  • $500,000,000 total labor income
  • $900,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

SOUTH CAROLINA

  • 22,500 total employment
  • $1.7B total labor income
  • $2.7B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

SOUTH DAKOTA

  • 15,300 total employment
  • $1.1B total labor income
  • $3.2B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

TENNESSEE

  • 38,800 total employment
  • $3.5B total labor income
  • $5.5B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

UTAH

  • 28,700 total employment
  • $2.4B total labor income
  • $4.9B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

VERMONT

  • 2,600 total employment
  • $200,000,000 total labor income
  • $300,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

VIRGINIA

  • 73,600 total employment
  • $8.5B total labor income
  • $12.8B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

WASHINGTON

  • 34,000 total employment
  • $4.6B total labor income
  • $7.8B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

WEST VIRGINIA

  • 4,800 total employment
  • $300,000,000 total labor income
  • $600,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

WISCONSIN

  • 28,100 total employment
  • $2.4B total labor income
  • $4.0B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

WYOMING

  • 2,500 total employment
  • $200,000,000 total labor income
  • $300,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

HAWAII

  • 4,900 total employment
  • $400,000,000 total labor income
  • $700,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

TEXAS

  • 209,100 total employment
  • $20.0B total labor income
  • $29.8B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

ALABAMA

  • 21,000 total employment
  • $1.6B total labor income
  • $2.8B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

ALASKA

  • 2,200 total employment
  • $200,000,000 total labor income
  • $400,000,000 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

ARIZONA

  • 63,600 total employment
  • $5.6B total labor income
  • $8.5B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

ARKANSAS

  • 12,000 total employment
  • $900,000,000 total labor income
  • $1.6B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

CALIFORNIA

  • 193,800 total employment
  • $26.6B total labor income
  • $41.1B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

COLORADO

  • 40,000 total employment
  • $4.2B total labor income
  • $6.2 total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

CONNECTICUT

  • 16,400 total employment
  • $2.1B total labor income
  • $3.3B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

DELAWARE

  • 38,400 total employment
  • $4.0B total labor income
  • $9.3B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

DISTRICT OF COLUMBIA

  • 4,200 total employment
  • $800,000,000 total labor income
  • $1.1B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

FLORIDA

  • 161,100 total employment
  • $14.5B total labor income
  • $18.5B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

GEORGIA

  • 70,700 total employment
  • $6.6B total labor income
  • $12.7B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

IDAHO

  • 7,800 total employment
  • $600,000,000 total labor income
  • $1.0B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

ILLINOIS

  • 87,300 total employment
  • $9.6B total labor income
  • $14.6B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

INDIANA

  • 27,300 total employment
  • $2.2B total labor income
  • $3.7B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

IOWA

  • 22,000 total employment
  • $1.8B total labor income
  • $3.3B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

KANSAS

  • 16,300 total employment
  • $1.4B total labor income
  • $2.1B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

KENTUCKY

  • 22,300 total employment
  • $1.7B total labor income
  • $2.7B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

LOUISIANA

  • 16,400 total employment
  • $1.2B total labor income
  • $2.2B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MAINE

  • 9,200 total employment
  • $900,000,000 total labor income
  • $1.3B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MARYLAND

  • 25,500 total employment
  • $2.4B total labor income
  • $3.6B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MASSACHUSETTS

  • 39,600 total employment
  • $5.3B total labor income
  • $8.0B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

MISSOURI

  • 31,900 total employment
  • $2.7B total labor income
  • $4.5B total GDP contribution

To learn more, download the report.

The payments industry is a powerful economic driver, creating high-paying jobs and contributing to GDP in every state while supporting a wide range of industries across the economy.

NEW YORK

  • 147,600 total employment
  • $24.4B total labor income
  • $54.0B total GDP contribution

To learn more, download the report.