ETA Applauds Treasury Department for Supporting an Innovative Regulatory Environment
7-28-2018
Washington, D.C. – July 31, 2018 – The following can be attributed to Jason Oxman, Chief Executive Officer of the Electronic Transactions Association, following the release of the Treasury Department FinTech report prepared in response to Executive Order 13772, “Core Principles for Regulating the United States Financial System”, signed by President Trump on February 3, 2017:
“ETA applauds the Treasury report for promoting a positive economic environment in which ETA members can continue to develop and deploy FinTech solutions that provide consumers and businesses with innovative products and services. The report gives much needed clarity around several issues related to electronic payments, online small business lending and the OCC FinTech Charter. All of these recommendations will help consumers and businesses conduct commerce more efficiently.”
About ETA
The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $56.75 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. For more information, visit electran.org.