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

Hsu: Crypto industry slowing progress on supervision

Feb 23, 2024 | NewsWatch Today
Crypto industry resistance and jurisdictions competing for crypto business have held up progress on consolidated supervision of cryptoassets, Acting Comptroller of the Currency Michael Hsu said.

CFTC panel to meet on crypto taxonomy

Feb 22, 2024 | NewsWatch Today
The Commodity Futures Trading Commission said its Global Markets Advisory Committee will meet next month on digital assets and other issues.

Waller discounts crypto, Chinese threats to dollar dominance

Feb 16, 2024 | NewsWatch Today
Federal Reserve Governor Christopher Waller said he does not expect the U.S. dollar to lose its status as the world's reserve currency due to challenges from cryptocurrencies and the Chinese renminbi.