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

Waller warns banks of crypto risks while PayPal pauses stablecoin work

Feb 13, 2023 | NewsWatch Today
Federal Reserve Governor Christopher Waller said banks engaging with crypto customers should be “very clear” about the customers’ business models, risk-management systems, and corporate governance structures to ensure the bank is not left “holding the bag if there is a crypto meltdown.”

Politico spotlights ‘powerful’ ICBA push for crypto oversight

Feb 6, 2023 | NewsWatch Today
ICBA’s push for policymakers to rein in the crypto industry as part of its agenda for the 118th Congress made headlines in Politico.

ICBA Supports Federal Actions to Mitigate Nonbank Risks

Jan 27, 2023 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s federal actions to help mitigate the risks posed by crypto-asset firms.