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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.
Oct. 13, 2023
The U.S. Faster Payments Council released a new resource for banks working to implement instant payments.
Details: The Guideline.01: Operational Considerations for Instant Payments Receive-Side Primer offers high-level insights on priorities to consider when adopting this new method of receipt.
More: ICBA offers additional instant payments resources for community banks, including:
An ICBA Bancard webinar slated for 1 p.m. (Eastern time) Wednesday, Oct. 18, on incorporating instant payments into long-term digital payments plans.
Recent blog posts on the run-up to the FedNow launch and initial insights on the launch.
A recent Independent Banker magazine article on how FedNow differs from other instant payments tools.
A separate Independent Banker guide for community banks on FedNow.
ICBA Bancard’s instant payments resource center.