Why Are Electronic Payments Important? ETA & TSG Have the Answer.
5-9-2017
ETA, in coordination with The Strawhecker Group (TSG), has developed a new version of the infographic titled Why Are Electronic Payments Important?
This communication piece illuminates the crucial role that the electronic payments industry plays in driving healthy economic growth and sustainability throughout the U.S.
Several points that are illustrated in the infographic include:
- 70% of U.S. consumer spending is done electronically, underscoring the importance of the companies that make electronic payments possible.
- The U.S. electronic payments industry is served by over 3,000 companies, from fintech start-ups to the world’s largest corporations (Apple, JPMorgan Chase).
- Annual card network U.S. processing volume is now over $5 trillion, which includes American Express, Discover, Mastercard, PayPal, and Visa volume.
- There are ETA member company headquarters in 41 U.S. states and 14 countries.
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.