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

Report: Most fraud complaints involve crypto

Dec 13, 2024 | NewsWatch Today
Most fraud-related complaints involve fraudulent crypto investments initiated through social media contacts that later develop into relationship confidence scams, according to the Securities and Exchange Commission.
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Report: Banking system is sound but faces challenges

Dec 9, 2024 | NewsWatch Today
The U.S. banking system remains resilient—supported by sound levels of regulatory capital, adequate liquidity buffers, and healthy levels of profitability—but the industry must address emerging vulnerabilities, according to the Financial Stability Oversight Council’s 2024 annual report.
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FSB concerned about lack of stablecoin regulation

Oct 31, 2024 | NewsWatch Today
The Financial Stability Board reiterated its calls for countries to regulate stablecoins due to concerns about users losing confidence in stablecoins, which could lead to runs on issuers.
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