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 Summary of President Biden’s Executive Order on Digital Assets

Mar 16, 2022 | News
On March 9, 2022, President Joe Biden signed an executive order that outlines the administration’s strategy to address cryptoasset risks, develop a framework to promote responsible innovation and competition with digital assets, and conduct more research on the potential impacts of a digital dollar.

ICBA Examining Executive Order on Digital Assets and Its Impact on Community Banks and Consumers

Mar 9, 2022 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the White House’s executive order on digital asset risks and opportunities.

Agencies announce crypto-related charges with executive order on deck

Mar 9, 2022
The Securities and Exchange Commission and Commodity Futures Trading Commission announced separate charges related to digital asset-related fraud.