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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CEO Outlook: The EMV Migration So Far

Jason Oxman
March 18, 2016 – Today we mark 168 days since the start of the nation’s migration to chip cards. Okay, maybe day 168 isn’t a particularly milestone-worthy occasion, but it’s Friday, so why not? Here at ETA, we’ve been getting a lot of questions this week about how the EMV chip card migration is proceeding. So how are we doing in adopting this new technology, the most significant overhaul of the nation’s payments infrastructure in 40 years?

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ETA Testifies Before Congress on Blockchain Technology

On Wednesday, April 16, the Congressional House Energy and Commerce Committee’s Commerce, Manufacturing and Trade Subcommittee will hear testimony on Digital Currency and Blockchain Technology as part of the Committee’s “Disruptor Series”. John Beccia, General Counsel and Chief Compliance Officer of Circle Internet Financial will testify on behalf of ETA. Below are excerpts from Beccia’s testimony that answer some of the questions most frequently posited about blockchain technology and digital currencies:

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ETA and FIDO Alliance Launch Security Tech Zone at TRANSACT 16

March 14, 2016 – Today, ETA announced a partnership with the FIDO (Fast IDentity Online) Alliance to launch the Security Tech Zone at TRANSACT 16. The FIDO Alliance is a consortium of security and technology companies and leading consumer services providers promoting innovative, standards-based ways to authenticate consumers online. The Security Tech Zone will feature FIDO Alliance member organizations demonstrating products that incorporate the latest advancements in FIDO-enabled security and authentication. TRANSACT 16, the premier annual event in payments technology, is April 19-21 in Las Vegas and registration is open now at www.transact16.com.

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ETA Hosts FinTech Event in NYC

February 22, 2016 – Today, ETA CEO Jason Oxman, testified before the New Jersey Assembly Consumer Affairs Committee on current payments industry security initiatives. Oxman provided an update on the EMV rollout and the deployment of sophisticated security measures such as tokenization and EMV. Other speakers included Steve Rauschenberger speaking on behalf of the Electronic Payments Coalition and Mary Kathryn Roberts, speaking on behalf of the NJ Bankers Association.

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ETA CEO Jason Oxman Testifies Before New Jersey Consumer Affairs Committee

February 22, 2016 – Today, ETA CEO Jason Oxman, testified before the New Jersey Assembly Consumer Affairs Committee on current payments industry security initiatives. Oxman provided an update on the EMV rollout and the deployment of sophisticated security measures such as tokenization and EMV. Other speakers included Steve Rauschenberger speaking on behalf of the Electronic Payments Coalition and Mary Kathryn Roberts, speaking on behalf of the NJ Bankers Association.

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Guest Analysis: For Merchants, Big Data More Than Just a Buzz Word

February 18, 2016 – It can be easy to write off “big data” as an empty buzz word and the hype around it as a cynical marketing ploy, especially because the talk about big data often lacks an explanation of what it really is in real world terms. For a quick-and-dirty definition, this will do: Computers today can store, read, compare and draw conclusions from vast amounts of information — and they can do it really fast. But it’s not just more information and modern processor speeds that blow folks’ hair back when it comes to big data.

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ETA Advances Fraud Prevention with Voluntary Industry Best Practices

February 10, 2016 – ETA today released its updated ETA Guidelines on Merchant and ISO Underwriting and Risk Monitoring. The Guidelines are voluntary best practices for the acquiring industry to use in onboarding and oversight of merchant clients. The first edition of the Guidelines was published in 2014 to help ETA members detect and prevent fraudulent merchants from accessing the nation’s payments systems. The guidelines are available free to ETA member companies here.

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