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

N.Y. Fed says digital ledgers feasible for global payments

Jul 7, 2023 | NewsWatch Today
The Federal Reserve Bank of New York Innovation Center released reports on its research into an interoperable network for wholesale payments using a distributed ledger shared by multiple entities.

ICBA urging grassroots outreach on credit card routing bill

Jun 27, 2023 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to oppose legislation to impose routing mandates on credit card transactions.

ICBA supports SEC proposal to include more crypto firms in ‘exchange’ definition

Jun 15, 2023 | NewsWatch Today
ICBA expressed support for a Securities and Exchange Commission proposal confirming that crypto exchanges must follow the same rules of the road as other entities that trade securities.