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

Fed: Stablecoin growth poses structural vulnerabilities

Aug 1, 2022 | NewsWatch Today
The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.

FDIC issues fact sheet, advisory on crypto deposit insurance claims

Aug 1, 2022 | NewsWatch Today
The FDIC published a fact sheet to consumers and an advisory to financial institutions on FDIC deposit insurance and crypto companies.

ICBA to committee: Fully vet stablecoin bill before any vote

Jul 25, 2022 | NewsWatch Today
While legislation is urgently needed to address risks posed by unregulated stablecoins, taking up last-minute legislation at this week’s House Financial Services Committee markup would be premature, ICBA told the panel.