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

Central bank group reports stablecoin risks, CBDC benefits

Nov 1, 2023 | NewsWatch Today
A Bank for International Settlements panel said the risks of using stablecoins for cross-border payments could outweigh the benefits.

Lawmakers ask DOJ to target crypto’s role in terrorist financing

Oct 27, 2023 | NewsWatch Today
Two key members of Congress urged the Justice Department to evaluate the extent to which the Binance and Tether crypto firms are supporting terrorism by violating sanctions and the Bank Secrecy Act.

Gensler: Crypto investors no less deserving of securities protections

Oct 26, 2023 | NewsWatch Today
There is nothing about the crypto-asset securities markets that suggests investors and issuers are less deserving of the protections of U.S. securities laws, Securities and Exchange Commission Chair Gary Gensler said.