Payments

The payments landscape for community banks is changing rapidly as traditional payments converge with new instant payment systems and emerging cryptocurrencies. It is critical for Community Banks to maintain awareness of developments in the payments space to assess new opportunities, mitigate risks, and ensure that their payment strategy aligns with overall business plans.

Payments News

ICBA: New ACH proposals are burdensome, risky

Dec 17, 2024 | NewsWatch Today
ICBA said it opposes the addition of a fourth daily same-day Automated Clearing House processing window because it would be burdensome for community banks by adding late-day operational stress, accounting challenges, and settlement risk.
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Report: Most fraud complaints involve crypto

Dec 13, 2024 | NewsWatch Today
Most fraud-related complaints involve fraudulent crypto investments initiated through social media contacts that later develop into relationship confidence scams, according to the Securities and Exchange Commission.
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Report: Banking system is sound but faces challenges

Dec 9, 2024 | NewsWatch Today
The U.S. banking system remains resilient—supported by sound levels of regulatory capital, adequate liquidity buffers, and healthy levels of profitability—but the industry must address emerging vulnerabilities, according to the Financial Stability Oversight Council’s 2024 annual report.
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