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 global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.