ETA Statement on Confirmation of Janet Yellen as Chair of the Federal Reserve

January 7, 2014 – Statement by Jason Oxman, Chief Executive Officer, Electronic Transactions Association (ETA), regarding the confirmation of Janet Yellen as the next Chair of the Federal Reserve.

“ETA Applauds Janet Yellen on her confirmation as Chair of the Federal Reserve.  As one of our nation’s most respected economists and a leading voice at the Fed for more than a decade, Dr. Yellen’s leadership, expertise and breadth of experience make her highly qualified for her new role.  We look forward to working with Dr. Yellen to ensure that the deployment of electronic payments products helps grow our economy while improving the lives of all Americans.”

About ETA

As the only organization leading and representing the payments technology industry, ETA offers cutting edge news and information, facilitates business connections and growth, provides a standard of industry certification, and advocates on issues critical to their members’ success. ETA’s more than 500 members represent over $4 trillion in payments processed in the U.S. each year.