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 urges CBDC opposition at House hearing

Sep 15, 2023 | NewsWatch Today
ICBA reiterated to Congress its opposition to the creation of a U.S. central bank digital currency.

Swift says its cross-border payments already meet G20 target

Aug 23, 2023 | NewsWatch Today
The Swift financial transactions and payments network said 89% of cross-border payments are processed over its network in less than an hour, placing its transaction speed ahead of the G20’s end-to-end target of 75% by 2027.

Custodia Bank launches in certain states

Aug 14, 2023 | NewsWatch Today
Special-purpose depository institution Custodia Bank said it has officially launched in certain states to serve U.S.-based business customers.