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 Access, Choice, and Governance

Apr 14, 2021, 10:22 AM
Title : Payments Access, Choice, and Governance
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Categories : Payments
Payments Access

Letters and Testimonies

Apr 9, 2021, 14:13 PM
Title : Letters and Testimonies
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Categories : ICBA Education
Letters and Testimony

Payments Strategy Guide

Apr 7, 2021, 11:55 AM
Title : Payments Strategy Guide
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Categories : Payments
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Credit Card and Debit Cards, Card Regulation, and Other Related Topics

Mar 31, 2021, 15:44 PM
Title : Credit Card and Debit Cards, Card Regulation, and Other Related Topics
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Categories : ICBA Education
Online Training
Related pages : Online Training

Payments News

ICBA urges House to reject Durbin Amendment expansion

Sep. 22, 2022

ICBA told House leaders it strongly opposes the Credit Card Competition Act of 2022 (H.R. 8874), controversial legislation to create new credit card routing mandates that expand on Durbin Amendment interchange restrictions.

Bill Details: The legislation would require banks with over $100 billion in assets to offer merchants at least two networks to process credit cards, at least one of which cannot be owned by Visa or Mastercard. Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) this week introduced the House companion to Senate legislation sponsored by Sens. Roger Marshall (R-Kan.) and Dick Durbin (D-Ill.).

New Letter: In a letter to lawmakers, ICBA said the bill would force an overhaul of the payments landscape at a significant cost ultimately borne by consumers, solely to benefit Amazon, Walmart, and other large retailers. The letter notes that while the bill is designed to apply to banks with over $100 billion in assets, community banks would be forced to subsidize costly systemwide changes that would put customer data at risk.

ICBA Opposition: ICBA has expressed strong opposition to the legislation in a national news release, letter to the Senate, and Main Street Matters blog post.

ICBA Grassroots: ICBA continues encouraging community bankers to use ICBA’s Be Heard grassroots action center to call on lawmakers to oppose the legislation.