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ETA introduces new Mobile Payment Committee

August 15, 2012

A leading payment processing trade organization recently announced that it had created a new committee to formulate new strategies.

A leading payment processing trade organization recently announced that it had created a new committee to formulate new strategies.

In a release, the Electronic Transactions Association announced the formation of the Mobile Payment Committee to tackle issues facing the sector. Representatives from the leading industry firms including AT&T, T-Mobile, Verizon and Sprint will work together to see what type of credit card terminal technology should be developed in the future.

“Mobile payments represent a game-changing business opportunity for our industry, and ET’s mission is to help our member companies succeed in this business,” ETA CEO Jason Oxman said in a statement.

In addition to the representatives from the telecom industry, American Express, Discover, MasterCard, Visa, PayPal, VeriFone, Intuit, First Data Google, Isis, Verizon, Wells Fargo, Capital One, will also be joining.

According to its website, the ETA was first established in 1990 and has greatly expanded from its original member total of just 20. These days, the organization counts more than 500 members from 7 different countries.

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