About 90% of smartphone users now use digital wallets regularly, offering opportunities for community banks to innovate and respond to customer expectations, according to the latest Independent Banker magazine.

The Treasury Department sanctioned Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams, commonly known as “pig butchering.”

ICBA is reminding community bankers that federal regulators’ Cybersecurity Assessment Tool is scheduled to sunset on Aug. 31.