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 supports proposed tax treatment for digital assets

Nov 14, 2023 | NewsWatch Today
ICBA expressed support for an Internal Revenue Service proposal designed to clarify the tax treatment of digital assets.

Watchdog warns of money-laundering threats

Nov 6, 2023 | NewsWatch Today
The Financial Action Task Force—a global anti-money-laundering watchdog—updated its list of jurisdictions with strategic AML, terrorist-financing, and weapons-proliferation deficiencies.

How the crypto policy debate affects community banks: blog

Nov 1, 2023 | NewsWatch Today
A new ICBA blog post breaks down the policy debate over treating cryptoassets as securities or commodities and the implications for community banks.