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

OCC penalizes converted crypto bank

Apr 22, 2022 | NewsWatch Today
The OCC issued a consent order against Anchorage Digital Bank, one of the first crypto firms to receive conditional approval for a national trust charter.

ICBA: BNPL non-bank providers should face greater reg scrutiny

Apr 18, 2022 | NewsWatch Today
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.

OCC’s Hsu addresses key stablecoin policy considerations

Apr 11, 2022 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu identified three key policy issues critical to understanding and shaping the stablecoin system: stability, interoperability, and separability.