The Electronic Transactions Association (ETA), the trade association of the global electronic payments industry, formally registered Tuesday as a political action committee in Washington D.C.
The purpose of the ETA is to influence, track and help shape the merchant acquiring industry through leadership through education, advocacy and the exchange of information. Founded in 1990, it is a privately held company now with almost $3.93 million in estimated annual revenue.
ETA also authors an annual Economic Indicators Report, which surveys the electronics payments industry using key microeconomic data points. ETA members use the report to evaluate how the payments industry performs in varying economic climates and in comparison to leading economic indicators.
ETA officially filed paperwork as a Lobbyist/Registrant PAC, naming Chief Executive Officer Jason Oxman as Treasurer. COO Pamela Furneaux was named Assistant Treasurer.