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 urging outreach on 1071, credit card legislation

Oct. 03, 2023

ICBA continues urging community bankers to reach out to their lawmakers on two key initiatives pending in Congress.

1071 Rule Resolution: With the Senate working to take up a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, community bankers can use ICBA’s Be Heard grassroots action center to urge their senators to support the measure.

Credit Card Routing: Meanwhile, ICBA is encouraging community bankers to urge their members of Congress to oppose a bill that would impose credit card routing restrictions amid continued efforts to attach it to other legislation.