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 Access, Choice, and Governance

Apr 14, 2021, 10:22 AM
Title : Payments Access, Choice, and Governance
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Categories : Payments
Payments Access

Letters and Testimonies

Apr 9, 2021, 14:13 PM
Title : Letters and Testimonies
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Categories : ICBA Education
Letters and Testimony

Payments Strategy Guide

Apr 7, 2021, 11:55 AM
Title : Payments Strategy Guide
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Categories : Payments
Payments
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Credit Card and Debit Cards, Card Regulation, and Other Related Topics

Mar 31, 2021, 15:44 PM
Title : Credit Card and Debit Cards, Card Regulation, and Other Related Topics
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Categories : ICBA Education
Online Training
Related pages : Online Training

Payments News

As crypto CEOs testify, ICBA urges coordinated regulatory approach

Dec. 09, 2021

With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated regulatory approach to digital assets that ensures innovation is undertaken safely.

Statement: In a written statement for a House Financial Services Committee hearing on the future of finance, ICBA said:

  • Some community banks are beginning to explore offering cryptocurrency services to meet customer demand.

  • Cryptocurrencies can pose risks related to illicit activity, financial stability, banking disintermediation, and more.

  • Policymakers should harmonize regulations to ensure strong, clear, and consistent oversight of cryptocurrency service providers.

Testimony: At the hearing, the heads of crypto firms including Coinbase and Circle expressed support for a regulatory regime for digital assets, though one that doesn’t include oversight by the Securities and Exchange Commission.

Next Steps: While the Senate Banking Committee prepares for a hearing next week on stablecoin risks, federal banking regulators recently said they plan to provide greater regulatory clarity on crypto-related activities next year. The OCC separately issued an interpretive letter with guidance on stablecoins and other digital assets.