Payments

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

Payments continue going digital: BIS

The Bank for International Settlements reported sizable growth in digital payments across many leading economies prior to the coronavirus pandemic.

In the United States and other countries in which e-commerce revenue is more than 1.5 percent of GDP, residents make more than 75 online payments per person annually.