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

Toomey bill would allow Fed master accounts for stablecoin issuers

Dec. 23, 2022

Retiring Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) introduced legislation on stablecoin regulation, contributing to the debate over crypto oversight that will resume during the next Congress.

Legislation: Toomey’s bill would charge the OCC with creating a federal licensing system for stablecoin issuers. It also contains ICBA-opposed language that would require the Federal Reserve to allow nonbank stablecoin issuers to establish and maintain accounts at the Fed if they are licensed by the OCC or are a state money transmitter business.

ICBA Views: ICBA strongly supports bringing stablecoin issuers and the rest of the crypto sector within the regulatory perimeter, arguing in a recent Medium op-ed that the FTX collapse is a predictable example of the serious risks that digital assets pose. ICBA also has raised concerns about allowing uninsured institutions to have Fed master accounts.