ETA Submits Statement for the Record to the House Energy & Commerce Committee Regarding Mobile Payments
December 1, 2015
Our statement focuses on some of the many benefits that mobile payments provide for consumers and businesses. In the terms of today’s hearing, mobile payment technology is “disruptive” in the sense that it plays an important role in expanding the accessibility of convenient, cost effective, safe, and diverse payment options. Mobile payments and financial services give consumers unprecedented ability to pay for transactions and manage their spending and finances. Using a smart phone, consumers can quickly and securely pay for a holiday gift for a friend or a bill they forgot was due, check their bank balance while on the go, and even receive discounts based on their location.