ETA Hosts Payments University on Capitol Hill

ETA hosted an educational payments event at the U.S. Capitol yesterday. Entitled ETA University (ETAU), the day-long event convened leaders in the payments technology industry to educate nearly 100 staff from Capitol Hill, regulators, law enforcement, and other trade associations, on the fundamentals of the payments industry that drives $5 trillion dollars in transactions annually. ETAU is part of ETA’s on-going educational efforts for policymakers.

ETAU attendees were able to increase their working knowledge of the complex payments ecosystem through a day of education including sessions on prepaid, Bitcoin, new security technologies and data-breach preparedness.

In addition, the newly formed bipartisan Congressional Payments Technology Caucus (CPTC) was announced at the beginning of ETAU. Formed by Representatives Lynn Westmoreland (R-GA), Randy Neugebauer (R-TX), David Scott (D-GA), and Kyrsten Sinema (D-A), the mission of the CPTC is to explore the new and innovative technologies in the payments industry, as well as answer questions about prepaid cards, securing consumer data and transactions, the latest technology, unbanked users’ access to electronic payments, and more. The CPTC founding leaders all serve on the House Financial Services Committee and have expressed interest in increasing public understanding of consumer protection through electronic payments.

Read more about the bipartisan Congressional Payments Technology Caucus here.