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

Banking Associations Raise ‘Significant Concerns’ with Proposed Changes to Fed Master Account Guidelines

Apr 22, 2022 | Press Release
A coalition of banking associations responded today to the Board of Governors of the Federal Reserve as it seeks to establish guidelines for how institutions applying for a Fed master account will be evaluated.

OCC penalizes converted crypto bank

Apr 22, 2022 | NewsWatch Today
The OCC issued a consent order against Anchorage Digital Bank, one of the first crypto firms to receive conditional approval for a national trust charter.

ICBA: BNPL non-bank providers should face greater reg scrutiny

Apr 18, 2022 | NewsWatch Today
Regulatory scrutiny of Buy Now Pay Later programs should focus on non-supervised institutions that don’t need to comply with the same rules as banks, and may end up harming customers, ICBA’s Michael Emancipator told PYMNTS.