NEWS on Payments

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ICBA Develops Series on Charting a Digital Payments Path

Sep 09, 2019
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Washington, D.C. (Sept. 9, 2019)—The Independent Community Bankers of America® (ICBA) and its payments services subsidiary ICBA Bancard today announced a Payment Executive Brief series designed specifically for community bank executives as they navigate the evolving digital payments landscape. The executive brief series, which will be unveiled on the Main Street Matters blog on a bi-weekly basis throughout the fall, outlines key considerations for community bankers seeking to build and grow a responsive digital payments strategy.

The series comes a week after the launch of the ICBA Bancard Payments Strategy Tool and Guide, which walks community banks through the process of developing and implementing a customized digital payments strategy.

“As a multigenerational community banker in New Mexico for nearly 20 years, I understand the tremendous importance payments plays in every aspect of the customer relationship and experience,” ICBA President and CEO Rebeca Romero Rainey said. “This insightful Payment Executive Brief series, combined with the recently released ICBA Bancard Payments Strategy Tool, helps community bankers sort through the maze of payment options so they can more easily construct and execute a comprehensive payments strategy that’s in alignment with their overall business objectives and customer needs.”

Series topics include:

  • FedNow Service: A New, Real-Time Payments System Supported
  • Digital Payments: Defining Opportunities for Community Banks
  • Digital Payments Strategy: A Necessity for Your Community Bank

“Offering our customers a safe, fast and convenient payment experience is a key priority for community banks,” said ICBA Chairman Preston L. Kennedy, president and CEO of Zachary Bancshares Inc. in Zachary, La. “The digital payments resources provided by ICBA and ICBA Bancard will be helpful to all community bankers as we continue to weigh key considerations as part of our individual payments strategies.”

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

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