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

Stablecoins top choice for crypto scams: report

Jan 19, 2024 | NewsWatch Today
Stablecoins last year were used in 70% of crypto scam transactions and more than 80% of crypto payments to sanctioned countries, individuals, and companies, according to a new report.

SEC rejects Coinbase request for crypto framework

Dec 18, 2023 | NewsWatch Today
The Securities and Exchange Commission denied Coinbase’s request for the agency to develop a new regulatory framework for cryptoasset securities.

Basel panel proposes tighter standards on bank stablecoin exposures

Dec 15, 2023 | NewsWatch Today
The Basel Committee published a new consultation paper proposing to refine how it treats stablecoins in its standards for banks’ cryptoasset exposures.