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 opposes U.S. central bank digital currency

May 23, 2022 | NewsWatch Today
ICBA expressed opposition to the establishment of a U.S. central bank digital currency. In a comment letter to the Federal Reserve, ICBA said a U.S. CBDC would introduce significant privacy and cybersecurity risks into the nation’s monetary system and disrupt U.S. banking stability.

ICBA Opposes U.S. Central Bank Digital Currency

May 20, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today expressed its opposition to the establishment of a U.S. central bank digital currency.

Hsu calls for stablecoin standard-setting initiative

Apr 28, 2022 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu issued a statement calling for a joint effort to develop standards for stablecoin interoperability.