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 to CFPB: Extend inquiry of largest tech firms

Dec 7, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau should extend its inquiry of the six largest technology companies to all tech firms that participate in payments and financial services or hold consumer data, ICBA said.

OCC provides crypto guidance as agencies announce roadmap

Nov 24, 2021 | NewsWatch Today
Federal regulators said they plan to provide greater regulatory clarity on crypto-related activities next year, with the OCC issuing an interpretive letter with guidance on digital assets.

Hsu: Agencies planning additional clarity on crypto activities

Nov 17, 2021 | NewsWatch Today
Federal banking regulators will soon issue a short statement that describes the recently concluded interagency “crypto sprint,” Acting Comptroller of the Currency Michael Hsu said.