Net Element’s Unified Payments Achieves ETA Self-Regulation Certification

Net Element (NASDAQ:NETE) on Wednesday announced that its subsidiary Unified Payments is among the first companies to achieve self-regulatory certification from the Electronic Transactions Association (ETA).

As quoted in the press release:

The Electronic Transactions Association (“ETA”) recently announced the ETA Self-Regulation Program (“ETA SRP”) which seeks to improve security and reduce risk in the payments industry by identifying and acknowledging companies that have a deep understanding of the risks associated with financial services.  The ETA is a worldwide trade association serving more than 500 member companies within the fintech payments ecosystem.

The ETA Self-Regulation Program affirms the payments industry’s commitment to maintaining robust risk management programs and provides a benchmark for the industry.  “The ETA SRP also demonstrates to various federal regulatory bodies that the Payments industry is not only capable of self-regulation but will continue to take concrete steps to mitigate instances of abuse.”

“Being among the first payments services companies to obtain ETA SRP certification is a reflection of our commitment to excellence in our industry,” said Shawn Brown, head of risk for Net Element. “We are pleased to support this program which assures our customers and stakeholders of our dedication to utilizing best practices in every facet of our company.”

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