Electronic Transactions Power Growth and Opportunity
For businesses, consumers, and the U.S. economy.
Electronic Transactions Fuel Growth Across Every Part of the Economy
Data from a new study shows that electronic transactions don’t just support how we live, work, and shop — they move America’s economy forward.
Billion
In GDP per year
Million JOBs
That pay 2x the
U.S. average
Jobs
Created by each payments job
MIllion Labor hours
Saved by businesses
Billion
In EXTRA SALES enabled
The Impact Is Felt In Every State
Digital payments generate jobs and income in all 50 states. In some states, the industry’s total economic impact is two to three times larger than its direct footprint, reflecting concentrations of high-income payments jobs that fuel additional demand.
Payments that just work. Because an entire industry makes them happen.
Every second, millions of payments happen without a hitch. That’s no accident. Behind every transaction is a complex coordinated system — built over decades to be fast, secure and seamless. From tapping a card to paying a bill online or sending money through an app, every payment runs on a network of technology providers, processors, and platforms working behind the scenes.
Electronic Transactions Support Small Business Success
Digital payments give small businesses the tools to grow, compete and thrive. They help owners reach more customers, run more efficiently and sell the way people want — online, in person, or on the go.
9 Out Of 10 Small Business Owners
say selling online helps them compete with larger retailers.
I couldn’t run my business without digital payments…that’s what is driving our ability to receive payments fast, quickly as well as safely. And I think that’s so important if we want to say that we’re supporting small businesses will help us make money faster, and that’s what digital payments allows us to do.
Rahama Wright
Founder and CEO of Shea Yeleen
Cash Only
Slower Lines
Higher Theft Risk
Counting &
Deposit Fees
Single Payment Method
Hard to Expand
DigitalPayments
Faster Checkouts
Reduced
Theft Risk
Minimal Overhead
Multiple Payment Options
Easy to Grow
Electronic transactions help small businesses do more.
Electronic Transactions Come with Built-in Benefits for Consumers
From buying groceries to sending money to family, Americans rely on digital payments every day. They get more than an easy way to pay – they get benefits like no-fault fraud protection, rewards, flexibility, and cash back.
REWARDS
Cash back and rewards programs offer real value, encouraging consumers to spend and boosting business revenue.
CHOICE
Consumers can pay how, when and where they want — online, in-store or person-to-person.
FRAUD PROTECTION
Built-in security like advanced encryption and no-fault fraud protection keeps their money and data safe.
Over 50% of Americans Use Mobile Payments
at least once a week. These apps provide a lightning-fast way to transfer money between friends and family.
Want to stay in the loop?
Advancing a smarter, safer payment system
The Electronic Transactions Association (ETA) represents the companies behind America’s digital payments system. From payments networks and processors to mobile platforms and hardware providers, our members are building the future of commerce seamlessly and securely.