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 to Basel Committee: Strengthen protections against crypto risk

Mar 29, 2024 | NewsWatch Today
ICBA said the Basel Committee on Banking Supervision’s framework for classifying cryptoasset exposures validates community bank misgivings about cryptocurrencies.

Latest on crypto: terrorism sanctions, federal charges

Mar 27, 2024 | NewsWatch Today
Federal officials announced a new round of legal actions related to the use of cryptocurrencies for illicit purposes.

Swift says experiment shows CBDC use cases

Mar 26, 2024 | NewsWatch Today
The Swift financial transactions and payments network said its latest experiment with a central bank digital currency successfully demonstrated the use of CBDCs in digital trade, payments, and tokenized foreign-exchange and asset networks.