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EFTA members enjoy an host of
advantages in an ever-increasingly competitive marketplace. These include:
Government Relations
EFTA serves as a “early warning” system, alerting its members to impending legislation or regulation that could affect their businesses. EFTA membership provides:
· Representation on Capitol Hill and before regulatory agencies
· Access to Congress through Hill visits, speakers, and correspondence
· Participation in industry coalitions that combine the strength of various industry segments
· Experienced Washington-based lobbying
· Participation in issue-specific task forces that work directly with agencies on important issues as they arise
Industry-Leading Forums
EFTA meetings and conferences are known for the quality of their speakers and high level of content. Each year EFTA stages more than a dozen meetings that feature more than 100 speakers—leading figures in government and industry. For three years EFTA has been proud to co-host a series of meetings with the Federal Reserve Bank of Philadelphia and its Payment Card Center. These meetings have covered a wide range of topics, including data breach security, innovation in payment card technology, and the effect of government electronic payment systems on American communities.
EFTA members work collegially on many of the issues facing the payments industry. This provides an opportunity for them to build new business relationships, form strategic alliances and to interact with industry leaders.
Working Groups
EFTA provides a number of working groups, or Councils, [George, can you make this link over to the Councils page?] that focus on specific market segments or issues in the electronic payments business. These include the eFinancial Enablers Council, the Electronic Benefits Transfer Industry Council, and the Legal and Regulatory Council. These groups provide an opportunity to work directly on critical industry issues and in many case to interact with regulators and administrators responsible for those issues.
Active Participation
EFTA membership means more than just being current with dues. EFTA members are encouraged to take an active role in the Association and to interact directly with government and industry leaders who are shaping our business. Through meetings, conferences, and task forces EFTA members each year enjoy numerous opportunities to meet and interact with key members of Congress, the Treasury Department, the FDIC, the General Accountability Office, and the Federal Reserve.
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