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 Access, Choice, and Governance

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

Letters and Testimonies

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

Payments Strategy Guide

Apr 7, 2021, 11:55 AM
Title : Payments Strategy Guide
mainURLExternal :
Categories : Payments
Payments
Related pages :

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
mainURLExternal :
Categories : ICBA Education
Online Training
Related pages : Online Training

Payments News

Senator renews push to advance ICBA-opposed credit card routing bill

Sep. 15, 2023

ICBA is calling on community bankers to voice strong opposition to renewed efforts by Sen. Roger Marshall (R-Kan.) to force Senate consideration of legislation to advance credit card routing restrictions.

State of Play: The lawmaker this week pledged to hold up consideration of unrelated appropriations bills focused on military construction, veterans affairs, and transportation if Senate leaders don’t commit to holding a vote on the ICBA-opposed Credit Card Competition Act (S. 1838/H.R. 3881), which Marshall is leading alongside Sen. Richard Durbin (D-Ill.).

Previous NDAA Push: This week’s efforts echo the lawmakers’ previous attempts to use the National Defense Authorization Act to advance their bill, which would allow merchants to process credit card transactions based solely on which network offers the lowest cost for them.

Grassroots Campaign: While ICBA continues to fight the effort on Capitol Hill, it is calling on community bankers to use its Be Heard grassroots action center to urge their members of Congress—especially in the Senate—to oppose the legislation and any attempt to tie it to unrelated, must-pass government funding bills.

Ongoing Advocacy: ICBA has strongly opposed the Durbin-Marshall efforts throughout the current Congress, including via joint letters with state community banking associations and industry groups, its partnership with the Electronic Payments Coalition, and recent ICBA polling conducted by Morning Consult that found two-thirds of voters say requiring a change to credit card transaction technology is risky.