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

Fed’s Waller ‘highly skeptical’ of U.S. CBDC

Oct 17, 2022 | NewsWatch Today
Federal Reserve Governor Christopher Waller laid out his opposition to a U.S. central bank digital currency, saying he is “highly skeptical” of the need for a digital dollar.
Continue Reading

Defense bill leaves out interchange measure, but ICBA campaign continues

Oct 14, 2022 | NewsWatch Today
The Senate version of a must-pass defense bill introduced this week excludes ICBA-opposed legislation that would create new credit card routing mandates, though the threat of the Durbin Amendment expansion remains.
Continue Reading

ICBA, state groups urge opposition to Durbin Amendment expansion

Oct 12, 2022 | NewsWatch Today
ICBA and 44 state community banking associations called on Congress to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment interchange restrictions.
Continue Reading