ETA Sends Letter to the PA Legislature in Support of the Agent of the Payee Exemption in HB 850
June 6, 2016
Dear Chair Harris and Chair Thomas,
On behalf of the members of the Electronic Transactions Association (ETA), I write in support of the agent of the payee exemption included in HB 850, which would update and modernize Pennsylvania’s Money Transmitter Act.
ETA is the leading trade association for the payments industry, representing more than 500 companies that offer electronic transaction processing products and services including card networks, financial institutions, payment processors, manufacturers, independent sales organizations, and technology companies. The agent of the payee exemption would cover payment processors acting on behalf of merchants to facilitate the merchants’ acceptance of credit cards and debit cards in payment for goods and services.