skip to main content

ETA releases 2023 federal, state, Canadian priorities


The Electronic Transactions Association (ETA), the global trade association of the payments technology industry, today announces its public policy priorities for 2023.

The digital payments industry is one of the most innovative, dynamic, competitive, and highly regulated industries that exists today, leveraging a sophisticated, interconnected infrastructure to deliver financial products and services that benefit consumers, businesses, and the American economy. These products and services are safe, highly secure, and promote financial inclusion by allowing consumers and small businesses – including low–and–moderate income consumers who have historically not had full access to the financial system –– to conduct their everyday financial transactions.

“As the only payments trade association advocating in DC, the states, and Canada we are pleased to release our policy priorities,” said Jodie Kelley, CEO, Electronic Transactions Association. “From digital assets to privacy, our 2023 priorities demonstrate the breadth and depth of the payments industry.”

ETA supports a policy environment that protects consumers while allowing competition and innovation to thrive, providing increased choice and making financial inclusion a reality. ETA’s policy priorities for 2023 include:

Digital Assets – Digital assets have the potential to change how commerce happens. An appropriate regulatory framework is essential if that potential is to be realized in a manner that protects consumers and fosters continuing innovation. That framework should not be prescriptive but should instead carefully consider the use to which the digital assets are being put and tailor regulation to the risk profile presented.

Specifically, ETA supports public policies that advance the following 5 guiding principles:

  • Properly Define Digital Assets
  • Tailor Regulations to the Risk Profile of the Participant/Activity
  • Ensure Consumer Protection
  • Harmonize With Existing Regulatory Frameworks
  • Encourage Responsible Innovation

Open Banking – Open banking has transformative potential and, if regulations are implemented appropriately, could facilitate payments and benefit consumers by providing them with more robust information and insight into their finances.

ETA supports open banking policies that are:

  • Comprehensive
  • Principles–Based
  • Utilizes Private Sector Innovation
  • Puts Consumers in Control of How Their Data is Shared or Utilized