Transaction Trends

On Wednesday, September 5^th, ETA hosted its annual Fly-in on Capitol Hill.  Nearly 70 executives from ETA member-companies descended upon Washington, D.C. to advocate before Members of Congress, their staff, and federal regulators, and the White House.

ETA Members visit Capitol Hill before morning meetings commence

Fly-in participants conducted nearly 50 meetings during this year’s fly-in.  Participants met with Members or their staff from both chambers and across the political spectrum.  ETA member company executives met with the following Members or their staff- Chairman Blaine Luetkemeyer (R-MO), Rep. Randy Hultgren (R-IL), House Majority Whip Steve Scalise (R-LA), Rep. David Scott (D-GA), Sen. Johnny Isakson (R-GA), Sen. Mike Rounds (R-SD), and Sen. Mark Warner (D-VA) and Joe Donnelley’s (D-IN).

On the regulatory side, participants met with staff from the White House, BCFP, Department of the Treasury, OCC, and the Conference of State Bank Supervisors.

Policy issues discussed included establishing a national data breach notification bill and the STATES Act.

• The STATES Act is a bipartisan, bicameral bill to permit national banks to serve cannabis businesses in states that have made it legal.
• Participants also lobbied for establishing a uniform national data breach notification standard. Participants told policymakers ETA members operate in all 50 states, so a uniform national standard for when a data breach of personally identifiable information occurs creates certainty and predictability for both consumers and ETA members.

Notably, two days after ETA’s fly-in, Chairman Blaine Luetkemeyer (R-MO) introduced the Consumer Information Notification Requirement Act (H.R. 6743), which would establish a national data breach notification standard for banks. ETA supports this legislation as part of a broader push, and commends Chairman Luetkemeyer on his leadership.

A special thanks to all who attended and helped make this year’s fly-in a resounding success! Check out our photo coverage from the event below:

ETA CEO Jason Oxman gives remarks during morning Fly-In team meetings 

ETA members walk the halls of government in Washington, DC advocating for payments technology

Preparing for meetings with policymakers at the U.S. Capitol

ETA members discussing public policy that promotes payments technology growth and innovation

Interested in how payments technology companies engage in advocacy, and how you can get involved? Click here to check out our latest podcast on payments technology public policy, featuring Deron Hicks, VP of Government Affairs, TSYS.