When autocomplete results are available use up and down arrows to review and enter to select.
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.
April 18, 2022
Regulatory scrutiny of Buy Now Pay Later programs should focus on non-supervised institutions that don’t need to comply with the same rules as banks, and may end up harming customers, ICBA’s Michael Emancipator told PYMNTS.
ICBA Recommendations: In its comment letter last month, ICBA called for detailed disclosures, positive credit history reporting, and regulatory parity with non-bank providers to ensure adequate consumer protection.
More: A recent Main Street Matters post from ICBA Bancard President and CEO Tina Giorgio covers how community banks can help customers evaluate BNPL offerings.