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

CFPB targets credit card late fees in ‘junk fee’ effort

Mar 30, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said credit card issuers charged $12 billion in late fees in 2020 and that many have made these penalties “a core part of their profit model.”

DeFi platform crypto hack might be largest ever

Mar 30, 2022 | NewsWatch Today
Decentralized finance platform Ronin Network announced a hack of more than $625 million in cryptocurrencies, possibly the largest crypto hack on record.

ICBA Bancard is Here to Help

Mar 30, 2022 | Bancard Confidential
Our mission at ICBA Bancard is to deliver flexible, innovative payments and digital commerce solutions that allow community banks to flourish. To this end, ICBA Bancard’s relationship management team is here to help and is just an email or phone call away.