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

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.

‘Pig butchering’ demands a policy response: ICBA blog

Apr 17, 2024 | NewsWatch Today
With “pig butchering” scams depending on cryptocurrencies to defraud victims and launder the proceeds, policymakers must strengthen protections against the crypto sector, according to a new ICBA blog post.

Global securities group planning next steps on crypto rules

Apr 15, 2024 | NewsWatch Today
The International Organization of Securities Commissions said it plans to build on its proposals on crypto markets and decentralized finance in the coming year.