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.”
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 U.S. and deploying payments innovation to merchants and consumers.