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

ICBA Opposes U.S. Central Bank Digital Currency

May 20, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today expressed its opposition to the establishment of a U.S. central bank digital currency.

Hsu calls for stablecoin standard-setting initiative

Apr 28, 2022 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu issued a statement calling for a joint effort to develop standards for stablecoin interoperability.

Banking Associations Raise ‘Significant Concerns’ with Proposed Changes to Fed Master Account Guidelines

Apr 22, 2022 | Press Release
A coalition of banking associations responded today to the Board of Governors of the Federal Reserve as it seeks to establish guidelines for how institutions applying for a Fed master account will be evaluated.