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ETA Comments on FTC Strategic Plan

Washington D.C – December 5, 2017 – The Electronic Transactions Association (“ETA”) submits these comments in response to the FTC’s request for information on the Draft Strategic Plan FY 2018-22 (“The Plan”). ETA appreciates the opportunity to participate in the conversation as the FTC plans for the next 4 years. ETA hopes the FTC will work with other regulators to ensure a positive environment for innovation and financial...

ETA Commends the Senate for Passing Tax Reform Legislation

Washington, D.C. – December 1, 2017 – Electronic Transactions Association (ETA) CEO Jason Oxman issued the following statement tonight after the U.S. Senate passed tax reform legislation. “We are pleased that the Senate passed tax reform legislation. As the voice of the payments industry – made up of technology companies, financial institutions, hardware and software manufacturers, payment networks, payment processors, security companies and lending...

2017 Holiday Spending Season to See Strong Growth, Finds ETA and The Strawhecker Group 2017 Holiday Spending Report Card

Washington, D.C., November 22, 2017 – The Electronic Transactions Association (ETA) and The Strawhecker Group (TSG) today released their 2017 Holiday Spending Report Card that indicates an extremely healthy holiday shopping season. The report analyzes same store sales from over 3.5 million card accepting U.S. merchants to project year-over-year growth. Holiday season sales will be driven primarily from strength in the Northeast region, and growth nationally at hotels,...

ETA Urges House to Put Tax Reform in the Shopping Cart and Proceed to Checkout

Washington, D.C. – November 13, 2017 – The following statement is attributed to Jason Oxman, CEO, Electronic Transactions Association (ETA), the trade association of the global payments technology industry, regarding H.R. 1: “The American tax system has not been updated in more than 30 years and the payments industry is ready for the House to kickstart commerce and proceed to checkout with H.R. 1. The U.S. has one of the highest corporate tax rates and...

ETA Joint Letter to MA Department of Revenue – Opposing 1099K Changes

ETA submitted the attached joint comment letter to the Department of Revenue in Massachusetts opposing the proposed change to the reporting requirements for third party settlement organizations which would lower the requirement to issue a 1099K form from the federal levels ($20,000 and 200 transactions) to $600 and no transaction requirements. This would be effective beginning with the 2017 calendar year. We also thank Keith Noreika, who served as the Acting...

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