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

Report: Romance scams grew 40% in 2024

Feb 14, 2025 | NewsWatch Today
Revenue from romance scams—also known as “pig butchering”—grew 40% last year and accounted for more than a third of all crypto-related scams, according to a report by Chainalysis.

ICBA weighs in on stablecoin debate

Feb 12, 2025 | NewsWatch Today
ICBA told Congress that current stablecoin arrangements are not subject to comprehensive supervision and lack many critical consumer and anti-money laundering protections—a regulatory gap that allows risks to the financial system to multiply, provides opportunities for financial crimes, and creates an unequal playing field with highly regulated community banks.

CFTC to hold public roundtables on digital assets

Jan 28, 2025 | NewsWatch Today
The Commodity Futures Trading Commission announced it will soon begin a series of public roundtables on several evolving issues, including digital assets.