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

Fed Close on Faster Payments—Make Some Noise

July 22, 2019

With the Federal Reserve closing in on its decision about whether to take a leadership role in faster payments, ICBA is urging community bankers to contact policymakers in support of Fed involvement.

Community bankers can use ICBA's Be Heard grassroots action center to tell their members of Congress and their Fed district president why the agency should operate a Real-Time Gross Settlement service.

ICBA has repeatedly advocated Fed involvement in real-time payments, which would provide safety, integrity, continuity and equitable access to all financial institutions. As the Fed nears a decision, now is the time for community bankers to be heard on Capitol Hill and at the Fed.

Contact Your Members of Congress
Contact Your Fed District President