ETA Applauds Senate for Historic Coronavirus Stimulus Package

Summary

A statement from the Electronic Transactions Association (ETA), dated March 25, 2020, attributed to Chief Executive Officer Jodie Kelley on the passage of the CARES Act in the U.S. Senate. The statement commends the Senate and says the CARES Act supports small businesses by allowing Fintechs and banks to offer them access to capital to pay workers. It says ETA members stand ready to implement the programs outlined in the bill. The release describes ETA as a global trade association representing more than 500 payments and technology companies, processing more than $7 trillion in purchases in North America.

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ETA Applauds Senate for Historic Coronavirus Stimulus Package

3-25-2020

March 25, 2020 – WASHINGTON, D.C. – The following statement can be attributed to Jodie Kelley, Chief Executive Officer for the Electronic Transactions Association, at the passage in the U.S. Senate of the CARES Act to respond to the coronavirus pandemic:

“ETA commends the Senate for taking action to support consumers, small businesses and the payments technology ecosystem in this time of crisis. The CARES Act gives much needed support to our country’s struggling small businesses by allowing Fintechs and banks to offer them access to capital that can be used to pay their workers and keep their businesses afloat.

We also applaud the Senate for supporting companies of all sizes that enable commerce and recognizing them as a critical component to the growth and stability of the American economy. ETA members stand ready to implement the programs outlined in the bill to connect consumers and merchants.

Our thoughts are with the millions around the world who are suffering and fighting against this virus.”

To learn more about how the payments technology industry is responding to the COVID-19 public health emergency, visit electran.org/covid19 .

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 $7 trillion in purchases in North America and deploying payments innovation to merchants and consumers. For more information, visit https://www.electran.org/ .

Press Contact:

Laura Hubbard

[email protected]

202-677-7406

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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 .

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