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 backs ‘same risk, same regulation’ approach to crypto oversight

Dec 16, 2022 | NewsWatch Today
ICBA said it strongly supports the Financial Stability Board’s approach to international crypto-asset regulation that is based on the principle of “same activity, same risk, same regulation.”

Senate Finance chair questions crypto exchanges following FTX failure

Nov 30, 2022 | NewsWatch Today
Washington continued to escalate its response to instability in the crypto sector as the Senate Finance Committee’s chairman questioned leading crypto exchanges on their consumer protections.

DOJ announces arrests in $575M crypto fraud

Nov 22, 2022 | NewsWatch Today
The Justice Department announced the arrest of two Estonian citizens for their alleged involvement in a $575 million cryptocurrency fraud and money-laundering conspiracy.