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

Top stablecoin issuer fined $41M over reserve claims

Oct 18, 2021 | NewsWatch Today
The Commodity Futures Trading Commission fined Tether, the largest stablecoin issuer, $41 million for misleading claims that its U.S. dollar token was fully backed by reserves.

Financial Stability Board issues stablecoin progress report

Oct 8, 2021 | NewsWatch Today
The Financial Stability Board issued a progress report on its implementation of high-level recommendations on regulating “global stablecoin” arrangements.

DOJ team to target crypto platforms

Oct 7, 2021 | NewsWatch Today
The Justice Department has launched a team to target cryptocurrency platforms that support money laundering, a top DOJ official said