WASHINGTON, Oct. 21, 2016 /PRNewswire-USNewswire/ -- The Electronic Transactions Association (ETA), the global trade association representing the payments technology world, released new Payment Facilitator Guidelines offering guidance and practices to these new entrants regarding settlement, registration, funding delays, fraud, security, and related issues. Authored by Double Diamond Group on behalf of ETA, these new guidelines will help promote the growth of the Payment Facilitators segment as it brings new technology companies into the payments industry. The Payment Facilitator Guidelines will be the cornerstone of benefits for companies that join ETA, the trade association of the payments industry.
"Payments Facilitators are a growing segment of ETA's membership, and this project is the first of many aimed at providing insight to this new vertical," said Jason Oxman, CEO of ETA. "The ETA Payment Facilitator Guidelines will set forth best practices to provide guidance to these new entrants in every respect."