The Federal Reserve Board released details of its forthcoming FedNow real-time payments service, which it is seeking to launch in 2023 or 2024.

ICBA and other groups expressed opposition to the OCC's recent discussions to offer a narrowly focused payments charter.

In this brief, you’ll learn how a holistic approach to payments security can dramatically reduce the incidence of digital fraud.

The latest "Visa Payments Ecosystem Highlights" report summarizes recent themes and developments associated with key payments players from Q2’CY2020.

Though there are few changes to note since the June Outlook report, the downside risks to the outlook are clearly rising.

ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, today announced that Gregory Hohl, chairman and president of Wahoo State Bank in Wahoo, Nebraska, and Jim Amundson, president and CEO of the Independent Community Bankers of Minnesota, were elected to the ICBA Bancard board of directors.

Effective January 31, 2021, Visa will discontinue the Auto Rental Collision Damage waiver (ARCDW) and Warranty Manager (WM) benefits as mandatory, Visa-funded benefits from the U.S. consumer credit platform except for Visa Infinite cards.

Visa’s analysis of current economic data indicates that U.S. small business activity was slowly recovering in June.

Visa economists break down the latest trends among consumer behaviors in their June Monthly Consumer Monitor report.

The Consumer Financial Protection Bureau issued frequently asked questions on remittance rules related to the COVID-19 pandemic.

ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, today announced that Octavia Washington has joined as assistant vice president and operations analyst.

ICBA Bancard President and CEO Tina Giorgio discusses the rise of mobile wallets and how community banks can offer their own mobile wallets in the latest PaymentsJournal podcast.

First and foremost, the team at ICBA Bancard hopes that you are safe and weathering these uncertain times as best possible. As leaders of our businesses and communities, we are being asked to make complex decisions to protect our employees while also ensuring that we maintain a high level of support for our clients.

ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, is celebrating its 35th anniversary during the 2020 ICBA LIVE national convention in Orlando, March 8-12.

ICBA Bancard®, the payments subsidiary of ICBA, announced today an agreement with Ondot Systems for a white label version of Card App. Through the agreement, community banks can offer their customers the latest digital experiences, providing convenience, transparency and control over their credit and debit cards.

The Federal Reserve should empower community banks to engage in responsible innovation and is doing so with the FedNow real-time payments platform, Fed Governor Michelle “Miki” Bowman said.

The FDIC approved the deposit-insurance application of Varo Bank, bringing the mobile payments provider a step closer to becoming the first fintech with a full-service national bank charter.

The Federal Reserve understands stakeholder urgency to quickly launch the FedNow real-time payments service and is working to determine initial business requirements, Fed Governor Lael Brainard said.

ICBA expressed support for a Treasury Department proposal to largely adopt all 2017, 2018 and 2019 amendments to the Nacha Rules in its regulations governing the use of the ACH Network by federal agencies.

ICBA announced that Deborah Matthews Phillips has joined its government relations team as senior vice president of payments and technology policy, a new position created to augment ICBA staff resources in a dynamic payments environment.

A new ICBA Payment Executive Brief covers the various faster payments options available to community banks.

Federal Reserve Chairman Jerome Powell last week told Congress that the Fed doesn't think implementing its FedNow real-time payments service will take the full five years it originally projected.

ICBA called on the Federal Reserve to introduce its real-time payments service as quickly as possible to maximize adoption among community banks.

ICBA called on the Federal Reserve to introduce its real-time payments service as quickly as possible to maximize adoption among community banks.

ICBA Bancard’s recently launched interactive tool to help community banks create a custom digital payments strategy is now available to all ICBA members.

The Federal Reserve's decision to get involved in real-time payments was the right choice to support a strong and healthy payments system, ICBA community banker Michael A. Ewing wrote in a new op-ed.

ICBA and ICBA Bancard continued their Payment Executive Brief series with a new brief on how community banks can directly influence the future of faster payments.

Visa, Mastercard, Stripe and eBay have joined the growing group of major financial companies to withdraw from the coalition charged with launching Facebook's Libra cryptocurrency, according to news reports.

ACH Network payment volume rose 9.5 percent in the third quarter from the same period a year ago, Nacha reported.

ICBA and ICBA Bancard continued their Payment Executive Brief series for community bankers with a new brief on digital payments strategy.

In today’s card risk environment, your bank needs a comprehensive fraud strategy that includes cardholder education backed by powerful fraud prevention and detection technology.

A banker asked me recently how to increase the profits of his bank’s credit card program. This Midwest bank had been issuing cards for more than a decade, but recent growth had been stagnant, and the banker was looking for strategies to improve the portfolio.

Artificial intelligence is a hot topic across all lines of business in all industries, and banking is no exception. How an institution views AI’s place in its organization varies from one bank to the next.

Recently, with the growing popularity of mobile wallets and contactless cards, we are seeing criminals using contactless near-field communication (NFC) acceptance as an alternative way to monetize stolen magnetic stripe data. With the number of cardholder payment options available to consumers (e.g. magnetic stripe, mobile, contact chip, and contactless chip) it is increasingly important for issuers to take a comprehensive validation approach across the different form factors and interfaces through which a payment can be made. Use of best practices for point-of-sale (POS) entry modes validation is an essential step for identifying and preventing fraud.

In order to help combat synthetic identity fraud, Electronic Consumer Based Social Security Number Verification, or eCBSV, is being developed as a result of section 215 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, Public Law (PL) 115-174.

Account takeover fraud (ATO) continues to challenge consumers, businesses, and the financial services industry. This article examines today's ATO landscape and offers recommendations and protections for consumers, merchants, and financial institutions.

Finding a new vendor can be a test of your negotiation skills, especially when nearly everything in business is negotiable. Follow these 12 tips from ICBA's executive vice president and chief digital strategy officer, Prabash Shrestha, to glean his winning tips and strategies for vendor negotiation.

In the latest issue of Bancard Confidential, Kimball, Minnesota-headquartered Harvest Bank shares how it has leveraged ICBA Bancard's charitable giving platform to help support local non-profits and charitable organizations in the communities it serves.

Could a fingerprint or iris scan be the answer to consumer password fatigue? Perhaps. In China, several face-detecting technologies are being used to authorize payments, with the Alipay “Smile to Pay” mobile app among the most popular.

The time has come for community bank card issuers to begin ramping up their contactless payments strategy. More than half of the top 100 U.S. merchants are already contactless enabled and smaller merchants are also speeding to adopt contactless point-of-sale technology in a bid to improve the cusotmer experience.

ICBA Bancard’s Senior Vice President of Card and Payment Products, Julie Hanson, says that many times when she is discussing debit and credit card portfolio strategies with community bankers, they are unaware of the many core benefits that are baked into their Visa and Mastercard programs.

A Visa study examines how digital trends are reinventing consumer expectations. This shift in the ecosystem is driven by universal connectivity, prevalent social media use, the rise of Internet of Things (IoT) devices, and increasingly interactive user experiences along the entire customer journey and across all channels.

As more community banks look for ways to deliver innovative solutions to their customers, they will most likely have to find ways to work with financial technology companies.

Last month, Visa eliminated the use of static passwords for its Verified by Visa cardholder authentication service. Static passwords were once thought to be an easy and secure way to verify a consumer’s identity, but with more than 1.8 billion compromised accounts floating around on the Dark Web, these stolen credentials are now said to be responsible for more than 80 percent of all hacking-related breaches.

Community bankers raised more than $10,000 for the youth non-profit Project 150 with ICBA Bancard’s new charitable giving platform, powered by FIS at the ICBA Community Banking LIVE this past March. ICBA Bancard’s new charitable giving platform helps move charitable donations to the web and can help banks drive organic portfolio growth while raising awareness for qualifying local charities or disaster relief programs.

Mobile platforms for prepaid cards and omni-channel merchant capture are just a few of the innovative technologies community banks can leverage to establish traditional banking relationships with the unbanked or underbanked. Scalable cloud-based solutions make it affordable for even the smallest banks to compete with large banks and with nonbank financial services competitors, such as check cashers.