Third Edition of ETA Payment Facilitator Guidelines Demonstrates Commitment to Fighting Fraud

Washington, D.C. – March 24, 2021 – The Electronic Transactions Association (ETA) today released the third edition of the ETA Payment Facilitator Guidelines to reflect the latest U.S. card network rule changes and applicable laws and government regulations for card acceptance. The Guidelines provide guidance to payment facilitators on how to maintain strong underwriting and risk-monitoring…

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Electronic Transactions Association Congratulates President-elect Biden, Vice President-elect Harris

Washington, D.C. – November 8, 2020 – The Electronic Transactions Association (ETA) CEO Jodie Kelley released the following statement on the results of the 2020 election. “ETA and the electronic payments industry congratulate President-elect Joe Biden on being declared the winner of the 2020 election. We also congratulate Vice President-elect Kamala Harris for her historic election.…

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ETA Releases Fourth Edition of Merchant and ISO Underwriting & Risk Monitoring Guidelines for Payments Companies

Washington, D.C. – August 10, 2020 – The Electronic Transactions Association (ETA), the global trade association for the payments technology industry, released today the fourth edition of the ETA Guidelines on Merchant and ISO Underwriting and Risk Monitoring.  The revised guidelines incorporate recent industry rule changes and trends related to risk monitoring that help mitigate…

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Cayan unveils EMV transactions at mag stripe speeds

Payments Technology Innovator Cayan announced Monday the exclusive ChipIQ technology built into its Genius platform will bring EMV processing times up to speed with those of mag stripe transactions. “Looking at the last million transactions we processed on our Genius platform, we consistently see EMV transactions at speeds that rival traditional swipe transactions,” said Cayan…

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Pay by Tattoo – Coming to an Arm Near You

Healthcare technology company MC10, together with custom product solution provider PHC is pioneering a new way to pay, via its Wearable Interactive Stamp Platform” (WiSP™) – essentially, a temporary tattoo. WiSP technology is meant to be paired with a smartphone or other NFC reader, and will allow third-party brands to customize the stamp, tailoring it…

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Guest Analysis: TC40 Data: The Monster under Merchants’ Beds

Merchants who accept credit cards, especially online retailers, are all too familiar with the phenomenon of chargebacks. When a customer claims that a transaction on his or her credit statement is fraudulent, the customer’s issuing bank will demand a refund. Dealing with chargebacks, though, is really only the first of several headaches that a typical…

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New Merchant Acquirer and ISO Data Published in ETA-Goldman Sachs Survey

ETA and Goldman Sachs Research have just published our annual ETA-GS Merchant Acquirer and ISO Survey. The Survey collected key insights from 71 merchant acquirers and ISOs of all sizes across the United States on emerging payments trends. Merchant acquirers and ISOs play a critical role in electronic transactions as they enable merchant adoption of…

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ETA Applauds Office of the Comptroller’s Support of FinTech Innovation

March 31, 2016 -ETA statement on the Office of the Comptroller of the Currency’s recent white paper “Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective”.

“ETA commends the Office of the Comptroller of the Currency for its white paper outlining principles to advance fintech innovation. The OCC’s approach seeks to balance new entrants and legacy regulations to protect consumers and promote innovation. ETA member companies embody financial services innovation, revolutionizing commerce with safe, convenient, and rewarding payments and commerce solutions. Regulatory uncertainty chills innovation, so a regulatory structure that supports innovation will benefit consumers, merchants and financial services firms. We look forward to working with the OCC on this collaborative approach at the intersection of traditional banking and innovations in fintech.”

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