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 conditionally approves Paxos bank charter

Apr 26, 2021 | NewsWatch Today
The OCC conditionally approved the ICBA-opposed trust bank charter application from Paxos, a cryptocurrency platform.

Same Day ACH volume increased 88%, passes 1 billion mark

Apr 16, 2021 | NewsWatch Today
ACH Network volume soared in the first quarter—increasing by 11.2 percent to 7.1 billion payments in compared to the first quarter of 2020 and setting two new records, Nacha reported.

Powell talks economy, digital currencies

Apr 13, 2021 | NewsWatch Today
Federal Reserve Chairman Jerome Powell said the economy is at an “inflection point” and could experience rapid growth upwards of 6 percent or 7 percent this year in an interview on CBS’ 60 Minutes.