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 Access, Choice, and Governance

Apr 14, 2021, 10:22 AM
Title : Payments Access, Choice, and Governance
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Categories : Payments
Payments Access

Letters and Testimonies

Apr 9, 2021, 14:13 PM
Title : Letters and Testimonies
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Categories : ICBA Education
Letters and Testimony

Payments Strategy Guide

Apr 7, 2021, 11:55 AM
Title : Payments Strategy Guide
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Categories : Payments
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Credit Card and Debit Cards, Card Regulation, and Other Related Topics

Mar 31, 2021, 15:44 PM
Title : Credit Card and Debit Cards, Card Regulation, and Other Related Topics
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Categories : ICBA Education
Online Training
Related pages : Online Training

Payments News

Global group warns of crypto intermediary, stablecoin risks

March 01, 2024

The head of the Financial Stability Board warned of the risks posed by multifunction crypto intermediaries and stablecoins.

Remarks: FSB Chair Klaas Knot said:

  • MCIs have shown that crypto may not be as decentralized as some claim it to be, lack proper governance, and may amplify financial vulnerabilities.

  • Revived interest in the stablecoin market—some of which has come from large tech firms and traditional financial institutions—poses potentially significant systemic implications.

Background: The FSB earlier this week released its key initiatives for the coming year, which includes encouraging the implementation of crypto standards. In a recent speech to the FSB, Acting Comptroller of the Currency Michael Hsu said crypto industry resistance has held up progress on consolidated supervision of virtual assets.

ICBA View: ICBA supports global efforts to advance international cryptoasset regulation, including the FSB’s framework to support consistent regulatory and supervisory standards and baseline policy recommendations from the International Organization of Securities Commissions.