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.
May 24, 2023
A new blog post from ICBA Bancard President and CEO Tina Giorgio reviews the evolution of digital payments and lessons for the current conversation about instant payments.
Details: In Main Street Matters, Giorgio writes that today’s instant payments crossroads reflects many of the kinds of concerns raised about previous innovations.
Outlook: “If history is any indicator, a few years from now, we’ll be talking about the next big thing, with instant payments as a widely implemented solution in the rear-view mirror,” Giorgio says.