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

Treasury details crypto risks to terrorist, proliferation financing

Feb 8, 2024 | NewsWatch Today
New Treasury Department reports spotlight the role of digital assets in terrorism and proliferation financing.

Yellen calls for federal floor on stablecoin regulations

Feb 7, 2024 | NewsWatch Today
While federal agencies have some regulatory authority to oversee digital assets, Congress should develop a framework to close gaps in oversight, Treasury Secretary Janet Yellen told the House Financial Services Committee.

ICBA supports Basel Committee work on crypto disclosure framework

Jan 31, 2024 | NewsWatch Today
ICBA expressed support for the Basel Committee on Banking Supervision’s work to draft a regulatory framework for disclosing cryptoasset exposures in banking entities’ financial statements.