Third Edition of ETA Payment Facilitator Guidelines Demonstrates Commitment to Fighting Fraud
3-24-2021
Washington, D.C. – March 24, 2021 – The Electronic Transactions Association (ETA) today released the third edition of the ETA Payment Facilitator Guidelines to reflect the latest U.S. card network rule changes and applicable laws and government regulations for card acceptance. The Guidelines provide guidance to payment facilitators on how to maintain strong underwriting and risk-monitoring policies and procedures to serve small merchants.
“To bring new merchants into the payments ecosystem, payment facilitators need to maintain robust risk management programs to keep fraud at bay,” said Jodie Kelley, CEO of ETA. “The updates to the ETA Payment Facilitator Guidelines demonstrate the industry’s commitment to providing underwriters with a deep understanding of the risks associated with this model and the steps a company must take to mitigate instances of abuse.”
The third edition of the ETA Payment Facilitator Guidelines includes tools for the underwriting and risk management of submerchants, or sponsored merchants, and is grounded in the Operating Regulations of the various payment networks, existing governmental regulations, and industry best practices for risk management. The Guidelines are reviewed and updated by a select group of risk professionals, legal counsel, and other personnel from various ETA member companies.
ETA Underwriting Guidelines are complementary to ETA members and non-members can purchase for $800 here.
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 $6 trillion in purchases in the U.S. and deploying payments innovation to merchants and consumers.
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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.