Transaction Trends

On September 16, ETA’s FinTech Policy Forum convened 200 industry experts, members of Congress, and regulators, virtually for a half-day event focused on how the payments technology industry and policy makers can collaborate to benefit consumers, small businesses, and the economy.

Jodie Kelley, ETA’s CEO, began the day with remarks on the dynamic the modern payments industry and Chris Lee, CEO of BillingTree and President of ETA’s Board of Directors, provided insights on the current payments landscape, including the rapid adoption of contactless payments and mobile wallets.

Panel participants included Congressman Sean Casten, executives from Paysafe, Square, Netspend, Kabbage, Cross River Bank, PayPal, American Express, Visa, Mastercard, and Discover who discussed how payments companies helped to disburse Paycheck Protection Program loans to small businesses; products and services that allow all consumers, including low- to moderate-income Americans, the ability to access financial services; and the rapid adoption of payments technology during the pandemic by merchants and consumers. Participants also heard from regulators from the OCC, FTC, and Federal Reserve on their views of FinTech.

In its fifth year, ETA’s FinTech Policy Forum continues to provide our members and policymakers with the opportunity to discuss ways a positive policy environment makes serves consumers, merchants, and the economy.