Main Street Matters Blog

Find out what's happening in communities across America, from grassroots advocacy efforts, to fintech innovations and everyday successes of Main Street banks.

Main Street Matters

A Decade in the Making, FedNow Pushes Faster Payments Forward

Jul 21, 2023
The FedNow Service’s launch is a milestone in the Fed’s payments improvement journey, but it does not mark the end of the path. In the near term, ICBA urges community banks to focus on faster payments adoption.

What You Need to Know about the Reg II Update

Jun 27, 2023
July 1 is the compliance date for the “clarification” to Regulation II, which the Board of the Federal Reserve System approved in its final rule last October. While this requirement has applied to card-present transactions for a decade, it now also explicitly pertains to CNP payments.

How community banks can combat the rise of check fraud

Jun 12, 2023
In recent years, community banks across the nation have seen a drastic rise in check fraud. To compound the issue, many community banks are faced with challenges getting funds reimbursed from the banks of first deposit and are left to reimburse affected customers even when the community banks aren’t liable for the fraud.

Community Banks Flock to ICBA ThinkTECH Accelerator as Program Reaches Peak Capacity

May 30, 2023
They say, "success begets success" and in the case of the ICBA ThinkTECH Accelerator program this timeless belief holds true. Before we even hit the halfway point on our fifth accelerator program, which kicked off on April 24, we found out that we’d reached capacity for both in-person and virtual bank visits.

Unpacking the Path to Today’s Instant Payments

May 23, 2023
When it comes to digital payments, we’ve come a long way. Global mobile payment transactions are valued at over $2 trillion, and more than three-quarters of consumers cite their preference for banking digitally.

How to Avoid the Repercussions of “Friendly Fraud”

Apr 28, 2023
Friendly fraud is on the rise, now accounting for up to 75% of all chargebacks. From instances of kids using their parents’ cards to purchase items to flat-out falsification to reverse an overspend, friendly fraud occurs when a cardholder disputes a legitimate transaction as fraud with the hope of having those funds returned.

Community Banking Month: Celebrating Servant Leadership

Apr 25, 2023
Paying it forward — or repaying a kindness received with a good deed to someone else — is more than a concept, it’s put into practice every day at the nation’s community banks.

ICBA Continues Fighting to Differentiate Community Banks Following Large, Risky Bank Closures

Mar 31, 2023
ICBA and community banks have been on a rollercoaster since the March 10 failure of Silicon Valley Bank, but we have once again proven to be strong and resilient. And we have done it by working together on behalf of our industry and the local communities we serve.

Building a Concrete Roadmap for Your Digital Transformation

Mar 28, 2023
According to the latest survey from the Conference of State Banking Supervisors, 99.8 percent of community bankers feel the adoption of new or emerging technologies to meet customer demand is at least somewhat important, with 64.7 percent labeling it “extremely” or “very” important.

ThinkTECH Accelerator: Evolving to Address Market Pressures and Community Bank Needs

Mar 23, 2023
As news outlets continue to report on the demise of Silicon Valley Bank (SVB) and the broader implications for the industry, it bears repeating that not all banks are equal. Community banks are relationship lenders first and foremost and this distinction makes all the difference in times of uncertainty.