The Electronic Transactions Association (ETA), in coordination with The Strawhecker Group (TSG) has developed a new version of the infographic titled Why Are Electronic Payments Important?
This communication piece illuminates the crucial role that the electronic payments industry plays in driving healthy economic growth and sustainability throughout the U.S.
Several points that are illustrated in the infographic include:
- 70% of U.S. consumer spending is done electronically, underscoring the importance of the companies that make electronic payments possible
- The U.S. electronic payments industry is served by over 3,000 companies, from fintech start-ups to the world’s largest corporations (Apple, JPMorgan Chase)
- Annual card network U.S. processing volume is now over $5 trillion, which includes American Express, Discover, Mastercard, PayPal, and Visa volume
- There are ETA member company headquarters in 41 U.S. states and 14 countries