News

COVID-19: Resources for the Media

ETA is the leading trade association for the payments industry, representing over 500 member companies in the payments technology ecosystem. Its membership includes financial institutions, payments processors, merchant acquirers and payments sales organizations, FinTechs, technology companies, security companies, software developers and hundreds of other organizations in the business of powering digital commerce online and across the world.

For media inquiries, please contact Laura Hubbard, Director of Communications at 202.677.7406 or [email protected].

Guides on Topics Impacting the Payments Industry

ETA Expert Insights: Pivoting Business During a Pandemic – Fitness Studios & Gyms

ETA Brief: A Guide to Contactless Payments ETA Expert Insights: The Role of Risk and Underwriting in a Time of the COVID-19 Crisis

ETA Brief: A Guide to Contactless Payments

ETA Brief: Shopping Online Securely During COVID-19

ETA Brief: How to Use Payment Technology During COVID-19

Data / Spending Reports

CardFlight
CardFlight Releases Report Analyzing Impact of COVID-19 on Consumer Spending

ETA
TSG – ETA COVID-19 SMB Insights

Homebase
Homebase: The Real-Time Impact COVID-19 is Having on Small Businesses and Workers

TSG
TSG & Visa: Purchasing in a Pandemic conducted with the goal of understanding how the COVID-19 pandemic has impacted consumer lifestyles, payments trends.

COVID-19 Payments Industry Impact Report covers key verticals highly impacted by COVID-19, which in turn influence the payments industry and the U.S. economy as a whole.

Womply
Data dashboard: How coronavirus / COVID-19 is impacting local business revenue across the U.S.

2020 Economic Apocalypse: The Effect on America's Small Businesses — the latest data, analysis, and policy proposals from across the tech industry- capital, free offers from tech companies, and information for small businesses.

Payments Companies Lending a Helping Hand in Their Community

Payments companies are doing more than just committing to serving their customers during this crisis. They are also investing in the fight against the virus globally and serving their communities.

HelpSmallBusiness.com allows consumers to purchase an online gift certificate from small businesses in your area and provide them with crucial financial support. The service is free for any small business.
Intuit QuickBooks:
- Teaming up with GoFundMe to create a Small Business Relief Initiative to help small businesses raise money to overcome the challenges caused by COVID-19. Through this initiative, small businesses can create a fundraiser on the GoFundMe platform where they’re able to share their story with the public and request financial support to help cover employee-related and business expenses. Intuit will provide funds to go directly to small businesses as part of the relief initiative.
- TurboTax Stimulus Registration – a free product designed to help the more than 10 million Americans not required to file a tax return get their stimulus money fast.
JPMorgan Chase Makes $50 Million Philanthropic Investment to Help Address Immediate and Long-Term Impacts of COVID-19.
Bill & Melinda Gates Foundation, Wellcome, and Mastercard Launch Initiative to Speed Development and Access to Therapies for COVID-19.
PayPal: Resources for Consumers
- Support the Charities that are Helping Communities Prevent and Recover from COVID-19
Shift4 Payments launches Shift4Cares.com to raise over $200 million for small businesses.
Mastercard: COVID-19 Therapeutics Accelerator Awards $20 Million in Initial Grants to Fund Clinical Trials
Apply for federal relief through the Kabbage Paycheck Protection Program. Through SBA's, small businesses can apply for loans for payroll and other eligible expenses.
Lendio: Due to the pared-down SBA requirements for PPP loans, more small businesses will qualify for the SBA coronavirus loans than previous SBA loan options.

Public Policy

The COVID-19 public health emergency has required governments across the world to respond. ETA is the industry advocate and voice for the payments technology industry, and has engaged American and Canadian policy makers on the ways our industry stands ready to assist.

ETA Letter to Congressional Leadership on Future COVID-19 Relief Package Priorities
[5.6.20]

ETA Letter to IRS Supporting Using Digital Payments for Disbursing Stimulus Funding
[4.22.20]

ETA Letter to Congressional Leadership Supporting an Increase in Funding the EIDL and PPP
[4.21.20]

ETA Letter to Congressional Leadership Supporting Additional Funding for the EIDL Program and PPP
[4.8.20]

ETA Letter to House Ways and Means Leadership on COVID-19 Phase 4 Priorities
[4.3.20]

ETA Applauds Senate for Historic Coronavirus Stimulus Package
[3.25.20]

ETA Letter to the Speaker Regarding Use of Electronic Payments to Disburse Stimulus
[3.24.20]

ETA Letter to Senate Leadership Supporting CARES Act
[3.21.20]

ETA Letter to the CFPB Regarding COVID-19 and the Payments Industry
[3.19.20]

ETA Letter to Treasury and White House Regarding Stimulus Delivery
[3.19.20]

ETA Letter to Canadian House of Commons
[3.16.20]

ETA Letter to Members of the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee on COVID-19
[3.11.20]

ETA is a member of the America's Recovery Fund Coalition

ETA’s COVID-19 State Legislative Impact Tracker, a snapshot of how each state legislature is responding to COVID-19 challenges, is available to members. ETA members can contact Scott Talbott at [email protected] to be added to the distribution list.