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 official answering FedNow questions at webinar today

Nov. 01, 2022

ICBA Bancard today is hosting a webinar to answer community banker questions about the mid-2023 launch of the FedNow instant payments service.

About: Scheduled for noon (Eastern time) today, the webinar will feature the Federal Reserve’s Dan Gonzalez. Following ICBA’s advocacy supporting the launch of FedNow and reminding policymakers that it is a more effective alternative to a U.S. central bank digital currency, the webinar will cover common questions about instant payments and how it fits into the evolving payments market.

New Guide: Separately, ICBA Bancard recently released “Digital Transformation: The Payments Business Model,” a new guide to help community banks adapt their payments strategies to meet customer needs, generate new revenue, and retain existing relationships.

JOIN TODAY’S WEBINAR