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 Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

May 22, 2024 | Press Release
The Independent Community Bankers of America (ICBA) today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S. central bank digital currency.

ICBA calling for grassroots outreach on CBDC bill ahead of vote

May 22, 2024 | NewsWatch Today
With the House expected to vote this week on ICBA-supported legislation to restrict the development of a U.S. central bank digital currency, ICBA is calling on community bankers to urge their members of Congress to support the bill.

Founder of world’s largest crypto exchange sentenced to prison

May 1, 2024 | NewsWatch Today
The founder of the world’s largest crypto exchange was sentenced to four months in prison after pleading guilty to Bank Secrecy Act, money-transmitting, and sanctions violations.